REGISTERED NUMBER: 07426518 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Phillips Davies Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs T Davies

REGISTERED OFFICE:

The Mill House

Boundary Road

Loudwater

High Wycombe

Bucks.

HP10 9QN

REGISTERED NUMBER:

07426518 (England and Wales)

ACCOUNTANTS:

The Fish Partnership

The Mill House

Boundary Road

Loudwater

High Wycombe

Bucks.

HP10 9QN

FIXED ASSETS

Tangible assets

2

69

340

CURRENT ASSETS

Debtors

112

1,808

Cash at bank

15,359

18,631

15,471

20,439

CREDITORS

Amounts falling due within one year

15,323

12,373

NET CURRENT ASSETS

148

8,066

TOTAL ASSETS LESS CURRENT LIABILITIES

217

8,406

CREDITORS

Amounts falling due after more than one year

375

1,875

NET (LIABILITIES)/ASSETS

(158

)

6,531

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

(162

)

6,527

SHAREHOLDERS' FUNDS

(158

)

6,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1 December 2016 and were signed by:

Mrs T Davies - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

2,512

DEPRECIATION

At 1 April 2015

2,172

Charge for year

271

At 31 March 2016

2,443

NET BOOK VALUE

At 31 March 2016

69

At 31 March 2015

340

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

4

Ordinary

£1

4

4