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REGISTERED NUMBER: 02580744 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

PHIL ROBERTS & CO LIMITED

PHIL ROBERTS & CO LIMITED (REGISTERED NUMBER: 02580744)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHIL ROBERTS & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: P S Roberts
Mrs B A Roberts



SECRETARY: Mrs B A Roberts



REGISTERED OFFICE: 38 Market Street
Tamworth
Staffordshire
B79 7LR



REGISTERED NUMBER: 02580744 (England and Wales)



ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB



BANKERS: Royal Bank of Scotland plc
Sutton Coldfield Branch
31 - 33 Birmingham Road
Sutton Coldfield
West Midlands
B72 1QE

PHIL ROBERTS & CO LIMITED (REGISTERED NUMBER: 02580744)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,854 4,711

CURRENT ASSETS
Debtors 5 71,981 101,899
Cash at bank and in hand 339,775 14,499
411,756 116,398
CREDITORS
Amounts falling due within one year 6 132,302 21,078
NET CURRENT ASSETS 279,454 95,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,308

100,031

PROVISIONS FOR LIABILITIES 950 950
NET ASSETS 283,358 99,081

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 282,358 98,081
SHAREHOLDERS' FUNDS 283,358 99,081

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

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

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 30 August 2017 and were signed on its behalf by:




P S Roberts - Director


PHIL ROBERTS & CO LIMITED (REGISTERED NUMBER: 02580744)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Phil Roberts & Co Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of the financial statements are set out below.
These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents commission and fees derived from the provision of services, 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.
Fixtures and fittings - 25% on cost and 15% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 2 (2015 - 2 ) .

PHIL ROBERTS & CO LIMITED (REGISTERED NUMBER: 02580744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2016 37,802
Additions 1,119
At 31 December 2016 38,921
DEPRECIATION
At 1 January 2016 33,091
Charge for year 976
At 31 December 2016 34,067
NET BOOK VALUE
At 31 December 2016 4,854
At 31 December 2015 4,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 25,742 23,583
Other debtors 46,239 78,316
71,981 101,899

Other debtors includes prepayments of £2,566 (2015 - £4,375).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts 39,080 -
Trade creditors 20,263 4,647
Taxation and social security 68,159 12,231
Other creditors 4,800 4,200
132,302 21,078

Other creditors includes accruals of £4,200 (2015 - £4,200).

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2016 2015
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. OTHER FINANCIAL COMMITMENTS

The company had commitments at the balance sheet date of £27,000 (2015 - £48,600).

PHIL ROBERTS & CO LIMITED (REGISTERED NUMBER: 02580744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is £40,487 (2015 - £70,755) due from the directors. Interest, calculated at the
applicable official beneficial loan interest rate, of £1,888 (2015 - £3,210) has been paid on the amounts
due.There are no fixed repayment terms.

10. FIRST YEAR ADOPTION

There have been no transitional adjustments required to the financial statements as a result of the adoption of
Section 1A "Small Entities" of the Financial Reporting Standard 102.