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REGISTERED NUMBER: 03181526 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

PH Europe Limited

PH Europe Limited (Registered number: 03181526)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


PH Europe Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J J D Astley
Ms I Ivanova
J Cleghorn
Mrs L Cleghorn





REGISTERED OFFICE: Ellerslie House
Queens Road
Edgerton
Huddersfield
West Yorkshire
HD2 2AG





REGISTERED NUMBER: 03181526 (England and Wales)





ACCOUNTANTS: DWilkinson&Company
Moors House
11 South Hawksworth Street
Ilkley
West Yorkshire
LS29 9DX

PH Europe Limited (Registered number: 03181526)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 732,007 875,818

CURRENT ASSETS
Debtors 5 932,328 745,091
Cash at bank 369,870 341,371
1,302,198 1,086,462
CREDITORS
Amounts falling due within one year 6 840,243 860,955
NET CURRENT ASSETS 461,955 225,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,193,962

1,101,325

PROVISIONS FOR LIABILITIES 7 121,959 145,524
NET ASSETS 1,072,003 955,801

CAPITAL AND RESERVES
Called up share capital 8 250 250
Revaluation reserve 9 227,683 227,683
Capital redemption reserve 750 750
Retained earnings 843,320 727,118
SHAREHOLDERS' FUNDS 1,072,003 955,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

PH Europe Limited (Registered number: 03181526)

Balance Sheet - continued
31 March 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:




J Cleghorn - Director



Ms I Ivanova - Director


PH Europe Limited (Registered number: 03181526)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

PH Europe 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - at varying rates on cost
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PH Europe Limited (Registered number: 03181526)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 7 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 1,507,734 10,715 1,518,449
Additions 47,657 - 47,657
At 31 March 2023 1,555,391 10,715 1,566,106
DEPRECIATION
At 1 April 2022 633,298 9,333 642,631
Charge for year 191,122 346 191,468
At 31 March 2023 824,420 9,679 834,099
NET BOOK VALUE
At 31 March 2023 730,971 1,036 732,007
At 31 March 2022 874,436 1,382 875,818

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Valuation in 2020 227,683 - 227,683
Cost 1,327,708 10,715 1,338,423
1,555,391 10,715 1,566,106

PH Europe Limited (Registered number: 03181526)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 496,651 432,632
Other debtors 99,047 -
Directors' current accounts 331,360 304,759
Prepayments 5,270 7,700
932,328 745,091

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other loans 190,479 245,615
Trade creditors 612,269 526,059
Social security and other taxes 30,644 85,660
Directors' current accounts 2,500 -
Accrued expenses 4,351 3,621
840,243 860,955

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 121,959 145,524

Deferred
tax
£   
Balance at 1 April 2022 145,524
Accelerated capital allowances (23,565 )
Balance at 31 March 2023 121,959

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 Ordinary shares £1 250 250

9. RESERVES
Revaluatio
reserve
£   
At 1 April 2022
and 31 March 2023 227,683

PH Europe Limited (Registered number: 03181526)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
J Cleghorn
Balance outstanding at start of year 284,494 176,060
Amounts advanced 140,770 108,434
Amounts repaid (110,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 315,264 284,494

Ms I Ivanova
Balance outstanding at start of year 20,265 6,626
Amounts advanced 8,330 13,639
Amounts repaid (12,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,095 20,265