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REGISTERED NUMBER: 03571245 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

PHIL HAUGHTON INSTRUMENTATION LIMITED

PHIL HAUGHTON INSTRUMENTATION LIMITED (REGISTERED NUMBER: 03571245)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHIL HAUGHTON INSTRUMENTATION LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: Mr P A Haughton





SECRETARY: Mrs D M Haughton





REGISTERED OFFICE: Firbank
Clough Lane
Grasscroft
Oldham
Lancashire
OL4 4ER





REGISTERED NUMBER: 03571245 (England and Wales)





ACCOUNTANTS: Moss and Williamson Limited
Chartered Accountants
11 Stamford Street
Stalybridge
Cheshire
SK15 1JP

PHIL HAUGHTON INSTRUMENTATION LIMITED (REGISTERED NUMBER: 03571245)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,749 4,018

CURRENT ASSETS
Debtors 5 1,166 666
Cash at bank 24,916 28,466
26,082 29,132
CREDITORS
Amounts falling due within one year 6 17,410 21,620
NET CURRENT ASSETS 8,672 7,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,421

11,530

PROVISIONS FOR LIABILITIES 699 747
NET ASSETS 11,722 10,783

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,720 10,781
SHAREHOLDERS' FUNDS 11,722 10,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

PHIL HAUGHTON INSTRUMENTATION LIMITED (REGISTERED NUMBER: 03571245)

BALANCE SHEET - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 13 October 2023 and were signed by:





Mr P A Haughton - Director


PHIL HAUGHTON INSTRUMENTATION LIMITED (REGISTERED NUMBER: 03571245)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Phil Haughton Instrumentation 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Fixtures, Fittings and Equipment - 25% on reducing balance
E-Bike - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PHIL HAUGHTON INSTRUMENTATION LIMITED (REGISTERED NUMBER: 03571245)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
Fittings
and Computer
Equipment E-Bike equipment Totals
£    £    £    £   
COST
At 1 July 2022 11,500 4,110 10,169 25,779
Additions - - 982 982
At 30 June 2023 11,500 4,110 11,151 26,761
DEPRECIATION
At 1 July 2022 11,403 2,376 7,982 21,761
Charge for year 24 434 793 1,251
At 30 June 2023 11,427 2,810 8,775 23,012
NET BOOK VALUE
At 30 June 2023 73 1,300 2,376 3,749
At 30 June 2022 97 1,734 2,187 4,018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 500 -
Other debtors 666 666
1,166 666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 3,429 5,943
Taxation and social security 6,470 10,778
Other creditors 7,511 4,899
17,410 21,620

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £18,500 (2022 - £15,000) were paid to the director .

Other than director loan account transactions there were no other material related party transactions requiring disclosure.

8. CONTROL

By virtue of holding the whole of the issued ordinary share capital Mr P Haughton controls the company.