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REGISTERED NUMBER: 06501253 (England and Wales)















PHI STRUCTURAL DESIGN LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

26 FEBRUARY 2022 TO 24 FEBRUARY 2023






PHI STRUCTURAL DESIGN LIMITED (Registered number: 06501253)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 26 FEBRUARY 2022 TO 24 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHI STRUCTURAL DESIGN LIMITED

COMPANY INFORMATION
for the Period 26 FEBRUARY 2022 TO 24 FEBRUARY 2023







DIRECTORS: D Wilkinson
Mrs A Wilkinson





SECRETARY: Mrs M Wilkinson





REGISTERED OFFICE: Enterprise House
2 The Crest
London
NW4 2HW





REGISTERED NUMBER: 06501253 (England and Wales)





ACCOUNTANT: DICKER ECONOMOU & CO
Chartered Certified Accountants
Enterprise House
2 The Crest
Hendon
London
NW4 2HN

PHI STRUCTURAL DESIGN LIMITED (Registered number: 06501253)

BALANCE SHEET
24 FEBRUARY 2023

24.2.23 25.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,061 47,891

CURRENT ASSETS
Debtors 5 99,905 93,760
Cash at bank 6,033 14,497
105,938 108,257
CREDITORS
Amounts falling due within one year 6 40,246 20,641
NET CURRENT ASSETS 65,692 87,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,753

135,507

CREDITORS
Amounts falling due after more than one
year

7

21,740

41,274
NET ASSETS 80,013 94,233

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 79,913 94,133
SHAREHOLDERS' FUNDS 80,013 94,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 24 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 24 February 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.

PHI STRUCTURAL DESIGN LIMITED (Registered number: 06501253)

BALANCE SHEET - continued
24 FEBRUARY 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 Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





D Wilkinson - Director


PHI STRUCTURAL DESIGN LIMITED (Registered number: 06501253)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 26 FEBRUARY 2022 TO 24 FEBRUARY 2023

1. STATUTORY INFORMATION

PHI STRUCTURAL 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 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.
Plant and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the period 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 period 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 period was 2 (2022 - 2 ) .

PHI STRUCTURAL DESIGN LIMITED (Registered number: 06501253)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 26 FEBRUARY 2022 TO 24 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
equipment vehicles Totals
£    £    £   
COST
At 26 February 2022
and 24 February 2023 19,717 72,201 91,918
DEPRECIATION
At 26 February 2022 15,372 28,655 44,027
Charge for period 1,086 10,744 11,830
At 24 February 2023 16,458 39,399 55,857
NET BOOK VALUE
At 24 February 2023 3,259 32,802 36,061
At 25 February 2022 4,345 43,546 47,891

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.2.23 25.2.22
£    £   
Trade debtors 3,660 -
Other debtors 92,912 87,225
Tax - 3,629
Prepayments 3,333 2,906
99,905 93,760

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.2.23 25.2.22
£    £   
Bank loans and overdrafts 8,906 8,685
Trade creditors 1,050 -
Corporation tax 5,406 -
Other creditors including
taxation and social security 1,866 2,746
Directors' current accounts 21,932 8,160
Accrued expenses 1,086 1,050
40,246 20,641

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
24.2.23 25.2.22
£    £   
Bank loans - 1-2 years 9,133 8,906
Bank loans - 2-5 years 12,607 32,368
21,740 41,274

PHI STRUCTURAL DESIGN LIMITED (Registered number: 06501253)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 26 FEBRUARY 2022 TO 24 FEBRUARY 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 24.2.23 25.2.22
value: £    £   
100 Ordinary £1 100 100