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REGISTERED NUMBER: 08959362 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

PPH Commercial Limited

PPH Commercial Limited (Registered number: 08959362)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PPH Commercial Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr B N Medhurst





REGISTERED OFFICE: First Floor Pavilion House
Unit 5 Hesslewood Office Park
Ferriby Road
Hessle
East Yorkshire
HU13 0LG





REGISTERED NUMBER: 08959362 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

PPH Commercial Limited (Registered number: 08959362)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 35,840 36,807
35,840 36,807

CURRENT ASSETS
Debtors 6 343,419 315,187
Cash at bank and in hand 600,911 588,967
944,330 904,154
CREDITORS
Amounts falling due within one year 7 596,279 438,140
NET CURRENT ASSETS 348,051 466,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,891

502,821

PROVISIONS FOR LIABILITIES 8 8,960 9,202
NET ASSETS 374,931 493,619

CAPITAL AND RESERVES
Called up share capital 308 308
Retained earnings 374,623 493,311
SHAREHOLDERS' FUNDS 374,931 493,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

PPH Commercial Limited (Registered number: 08959362)

Balance Sheet - continued
31 March 2024


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 27 August 2024 and were signed on its behalf by:





Mr B N Medhurst - Director


PPH Commercial Limited (Registered number: 08959362)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

PPH Commercial 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

The company provides services to other organisations, these services are provided on a time and material basis or as a fixed price contract.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value.


PPH Commercial Limited (Registered number: 08959362)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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 27 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,369,000
AMORTISATION
At 1 April 2023
and 31 March 2024 1,369,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

PPH Commercial Limited (Registered number: 08959362)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 5,802 32,850 29,631 68,283
Additions - 2,125 19,606 21,731
At 31 March 2024 5,802 34,975 49,237 90,014
DEPRECIATION
At 1 April 2023 1,934 11,827 17,715 31,476
Charge for year 1,934 4,630 16,134 22,698
At 31 March 2024 3,868 16,457 33,849 54,174
NET BOOK VALUE
At 31 March 2024 1,934 18,518 15,388 35,840
At 31 March 2023 3,868 21,023 11,916 36,807

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 290,746 266,671
Other debtors 52,673 48,516
343,419 315,187

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,117 38,017
Taxation and social security 301,939 226,911
Other creditors 258,223 173,212
596,279 438,140

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,960 9,202

Deferred
tax
£   
Balance at 1 April 2023 9,202
Provided during year (242 )
Balance at 31 March 2024 8,960

PPH Commercial Limited (Registered number: 08959362)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. RELATED PARTY DISCLOSURES

Included in other creditors are directors' current account balances of £1,000 (2023: £2,000).