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REGISTERED NUMBER: 07256682 (England and Wales)









P HOLDEN CONCEPT DESIGN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018






P HOLDEN CONCEPT DESIGN LIMITED (REGISTERED NUMBER: 07256682)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P HOLDEN CONCEPT DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2018







DIRECTOR: P H Holden





REGISTERED OFFICE: 91 Red Lion Close
Tividale
Oldbury
West Midlands
B69 1UG





REGISTERED NUMBER: 07256682 (England and Wales)





ACCOUNTANTS: UHY Hacker Young (Bham) LLP
9 - 11 Vittoria Street
Birmingham
B1 3ND

P HOLDEN CONCEPT DESIGN LIMITED (REGISTERED NUMBER: 07256682)

BALANCE SHEET
31 MAY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 871 1,024

CURRENT ASSETS
Cash at bank 86,970 89,682

CREDITORS
Amounts falling due within one year 5 56,878 53,366
NET CURRENT ASSETS 30,092 36,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,963

37,340

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,863 37,240
30,963 37,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

P HOLDEN CONCEPT DESIGN LIMITED (REGISTERED NUMBER: 07256682)

BALANCE SHEET - continued
31 MAY 2018


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 Income Statement has not been delivered.

The financial statements were approved by the director on 2 November 2018 and were signed by:





P H Holden - Director


P HOLDEN CONCEPT DESIGN LIMITED (REGISTERED NUMBER: 07256682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

1. STATUTORY INFORMATION

P Holden Concept Design 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 presentational and functional currency of these financial statements is sterling. All amounts in
the financial statements have been rounded to the nearest £1.

Changes in accounting policies
The financial statements are prepared on the historical cost basis except in the instance where
assets and liabilities are stated at their fair value.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue
in operational existence for the foreseeable future. Thus they have adopted the going concern basis
of accounting in preparing these financial statements.

Basic financial instruments

Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction
costs. Trade and other creditors are recognised initially at transaction price plus attributable
transaction costs. Subsequent to initial recognition they are measured at amortised cost using the
effective interest method, less any impairment losses in the case of trade debtors. If the
arrangement constitutes a financing transaction, for example if payment is deferred beyond normal
business terms, then it is measured at the present value of future payments discounted at a market
rate of instrument for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

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


P HOLDEN CONCEPT DESIGN LIMITED (REGISTERED NUMBER: 07256682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, 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.

Taxation
Tax on the profit or loss 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 directly in equity or
other income, in which case it is recognised directly in equity or other income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year,
using tax rates enacted or substantively enacted at the balance sheet date.

Deferred tax is provided on timing differences which arise from the inclusion of income and
expenses in tax assessments in periods different from those in which they are recognised in the
financial statements. Deferred tax is not recognised on permanent differences arising because
certain types of income or expense are non-taxable or are disallowable for tax or because certain tax
charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related
difference, using tax rates enacted or substantively enacted at the balance sheet date.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

P HOLDEN CONCEPT DESIGN LIMITED (REGISTERED NUMBER: 07256682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2017
and 31 May 2018 1,889
DEPRECIATION
At 1 June 2017 865
Charge for year 153
At 31 May 2018 1,018
NET BOOK VALUE
At 31 May 2018 871
At 31 May 2017 1,024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security - 1,363
Other creditors 56,878 52,003
56,878 53,366