Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-01false11falsetrue 12417159 2023-02-01 2024-01-31 12417159 2022-02-01 2023-01-31 12417159 2024-01-31 12417159 2023-01-31 12417159 c:Director1 2023-02-01 2024-01-31 12417159 d:PlantMachinery 2023-02-01 2024-01-31 12417159 d:PlantMachinery 2024-01-31 12417159 d:PlantMachinery 2023-01-31 12417159 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12417159 d:FurnitureFittings 2023-02-01 2024-01-31 12417159 d:FurnitureFittings 2024-01-31 12417159 d:FurnitureFittings 2023-01-31 12417159 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12417159 d:OfficeEquipment 2023-02-01 2024-01-31 12417159 d:OfficeEquipment 2024-01-31 12417159 d:OfficeEquipment 2023-01-31 12417159 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12417159 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12417159 d:CurrentFinancialInstruments 2024-01-31 12417159 d:CurrentFinancialInstruments 2023-01-31 12417159 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12417159 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12417159 d:ShareCapital 2024-01-31 12417159 d:ShareCapital 2023-01-31 12417159 d:RetainedEarningsAccumulatedLosses 2024-01-31 12417159 d:RetainedEarningsAccumulatedLosses 2023-01-31 12417159 c:FRS102 2023-02-01 2024-01-31 12417159 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12417159 c:FullAccounts 2023-02-01 2024-01-31 12417159 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12417159 2 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 12417159









PH PROJECTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
PH PROJECTS LTD
REGISTERED NUMBER: 12417159

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,130
304

  
1,130
304

Current assets
  

Debtors: amounts falling due within one year
 5 
818
1,900

Cash at bank and in hand
 6 
10,919
704

  
11,737
2,604

Creditors: amounts falling due within one year
 7 
(17,558)
(7,131)

Net current liabilities
  
 
 
(5,821)
 
 
(4,527)

Total assets less current liabilities
  
(4,691)
(4,223)

  

Net liabilities
  
(4,691)
(4,223)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(4,695)
(4,227)

  
(4,691)
(4,223)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 July 2024.



Page 1

 
PH PROJECTS LTD
REGISTERED NUMBER: 12417159
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024


Peter Robert Holt
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PH PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

PH Projects Ltd is a private company limited by shares, registered in the United Kingdom number 12417159. Its registered office is Manor House, 35 St. Thomas's Road, Chorley, PR7 1HP.
During the year the principal activity of the business was that of development of building projects and management consultancy activities other than financial management.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
PH PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Fixtures and fittings
-
15%
Office equipment
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
PH PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
-
-
328
328


Additions
473
500
-
973



At 31 January 2024

473
500
328
1,301



Depreciation


At 1 February 2023
-
-
25
25


Charge for the year on owned assets
37
63
46
146



At 31 January 2024

37
63
71
171



Net book value



At 31 January 2024
436
437
257
1,130



At 31 January 2023
-
-
304
304


5.


Debtors

2024
2023
£
£


Trade debtors
-
1,746

Other debtors
814
150

Called up share capital not paid
4
4

818
1,900



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,918
704

10,918
704


Page 5

 
PH PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
115

Other taxation and social security
6,408
-

Other creditors
7,650
6,116

Accruals and deferred income
3,500
900

17,558
7,131


 
Page 6