Company Registration No. 12986941 (England and Wales)
Phillips Technology Solutions Limited
Unaudited accounts
for the year ended 31 October 2023
Phillips Technology Solutions Limited
Unaudited accounts
Contents
Phillips Technology Solutions Limited
Company Information
for the year ended 31 October 2023
Company Number
12986941 (England and Wales)
Registered Office
18 Worcester Park
Bath
BA1 6QU
England
Accountants
Vision Accounting
Fortis House
Cothey Way
Ryde
Isle of Wight
PO33 1QT
Phillips Technology Solutions Limited
Statement of financial position
as at 31 October 2023
Intangible assets
18,333
-
Tangible assets
4,414
5,927
Cash at bank and in hand
5,771
5,652
Creditors: amounts falling due within one year
(17,632)
(7,225)
Net current (liabilities)/assets
(11,861)
6,349
Profit and loss account
10,786
12,176
Shareholders' funds
10,886
12,276
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2023 and were signed on its behalf by
David Phillips
Director
Company Registration No. 12986941
Phillips Technology Solutions Limited
Notes to the Accounts
for the year ended 31 October 2023
Phillips Technology Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 12986941. The registered office is 18 Worcester Park, Bath, BA1 6QU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line - 25%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortised over five years using the straight line method.
4
Intangible fixed assets
Other
Phillips Technology Solutions Limited
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
-
1,444
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,526
5,881
Loans from directors
13,020
241
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Average number of employees
During the year the average number of employees was 1 (2022: 1).