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REGISTERED NUMBER: 08625172 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WONDERFUL LIFE PHBS LTD

WONDERFUL LIFE PHBS LTD (REGISTERED NUMBER: 08625172)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WONDERFUL LIFE PHBS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A Nail
Mr Z Brookes





REGISTERED OFFICE: 4 Green Lane Business Park
238 Green Lane
London
SE9 3TL





REGISTERED NUMBER: 08625172 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

WONDERFUL LIFE PHBS LTD (REGISTERED NUMBER: 08625172)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,500 18,000
Tangible assets 5 163,738 167,201
177,238 185,201

CURRENT ASSETS
Stocks 397,678 288,664
Debtors 6 376,607 351,016
Cash at bank and in hand 29,363 13,919
803,648 653,599
CREDITORS
Amounts falling due within one year 7 615,532 458,372
NET CURRENT ASSETS 188,116 195,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,354

380,428

CREDITORS
Amounts falling due after more than one year 8 (198,846 ) (217,211 )

PROVISIONS FOR LIABILITIES (23,805 ) (23,686 )
NET ASSETS 142,703 139,531

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 142,603 139,431
SHAREHOLDERS' FUNDS 142,703 139,531

WONDERFUL LIFE PHBS LTD (REGISTERED NUMBER: 08625172)

BALANCE SHEET - continued
31 DECEMBER 2023


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

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

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 22 August 2024 and were signed on its behalf by:





Mr A Nail - Director


WONDERFUL LIFE PHBS LTD (REGISTERED NUMBER: 08625172)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Wonderful Life PHBS Ltd 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the life of the lease.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 18 (2022 - 18 ) .

WONDERFUL LIFE PHBS LTD (REGISTERED NUMBER: 08625172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 45,000
AMORTISATION
At 1 January 2023 27,000
Charge for year 4,500
At 31 December 2023 31,500
NET BOOK VALUE
At 31 December 2023 13,500
At 31 December 2022 18,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 72,302 313,957 386,259
Additions - 59,753 59,753
Disposals - (34,000 ) (34,000 )
At 31 December 2023 72,302 339,710 412,012
DEPRECIATION
At 1 January 2023 33,810 185,248 219,058
Charge for year 3,849 43,031 46,880
Eliminated on disposal - (17,664 ) (17,664 )
At 31 December 2023 37,659 210,615 248,274
NET BOOK VALUE
At 31 December 2023 34,643 129,095 163,738
At 31 December 2022 38,492 128,709 167,201

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 104,475 79,411
Amounts owed by associates 143,739 146,162
Other debtors 128,393 125,443
376,607 351,016

WONDERFUL LIFE PHBS LTD (REGISTERED NUMBER: 08625172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 64,501 74,513
Hire purchase contracts 26,349 25,637
Trade creditors 221,182 190,068
Amounts owed to associates 15,239 18,739
Taxation and social security 203,400 101,621
Other creditors 84,861 47,794
615,532 458,372

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 85,296 117,820
Hire purchase contracts 94,980 82,021
Other creditors 18,570 17,370
198,846 217,211

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £56,200 (2022:£76,921) relating to amounts owed to the company by its directors. All amounts have been fully repaid since the year end.