Company Registration Number 09959450 (England and Wales)
AJ PHILLIPS IFA LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
PAGES FOR FILING WITH REGISTRAR
AJ PHILLIPS IFA LTD
BALANCE SHEET
AS AT
31 MARCH 2020
31 March 2020
- 1 -
2020
2019
£
£
£
£
Fixed assets
2,778
2,992
Current assets
109,000
90,162
Prepayments and accrued income
-
448
Creditors: amounts falling due within one year
(53,607)
(44,473)
Net current assets
55,393
46,137
Total assets less current liabilities
58,171
49,129
Net assets
58,171
49,129
Capital and reserves
58,171
49,129
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the year, the company advanced £168,996 (2019: £176,250) to the director and was repaid £151,265 (2019: £149,867) against the same balance. At 31 March 2020, the balance owed to the company by the director was £102,893 (2019: £85,162).
2
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2020
2019
Number
Number
Employees
1
1
3
Presentational currency
The financial statements are presented in Sterling which is the presentational currency of the company.
AJ PHILLIPS IFA LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2020
31 March 2020
- 2 -
AJ Phillips IFA Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 15 Brynymor, Five Roads, Llanelli, SA15 5DX.
For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 21 December 2020
Mr A J Phillips
Director
Company Registration Number 09959450