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REGISTERED NUMBER: 05210384 (England and Wales)












PHL (UK) Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






PHL (UK) Limited (Registered number: 05210384)






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


PHL (UK) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D J Alexiev
R Hawkins





SECRETARY: Mrs E Metodieva-Alexieva





REGISTERED OFFICE: 13 Vansittart Estate
Windsor
Berkshire
SL4 1SE





REGISTERED NUMBER: 05210384 (England and Wales)





ACCOUNTANTS: Cottrill Mason Ltd
13 Vansittart Estate
Windsor
Berkshire
SL4 1SE

PHL (UK) Limited (Registered number: 05210384)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 350,938 280,594
Investments 5 5,093 5,093
356,031 285,687

CURRENT ASSETS
Stocks 3,430,404 3,835,631
Debtors 6 1,629,745 1,607,113
Cash at bank and in hand 677,531 1,132,995
5,737,680 6,575,739
CREDITORS
Amounts falling due within one year 7 (770,202 ) (1,563,016 )
NET CURRENT ASSETS 4,967,478 5,012,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,323,509

5,298,410

CREDITORS
Amounts falling due after more than one year 8 (115,258 ) (254,137 )
NET ASSETS 5,208,251 5,044,273

CAPITAL AND RESERVES
Called up share capital 2,804,441 2,804,441
Retained earnings 2,403,810 2,239,832
SHAREHOLDERS' FUNDS 5,208,251 5,044,273

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.

PHL (UK) Limited (Registered number: 05210384)

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 11 September 2024 and were signed on its behalf by:





D J Alexiev - Director


PHL (UK) Limited (Registered number: 05210384)

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

1. STATUTORY INFORMATION

PHL (UK) 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 machinery etc - 33% on cost, 25% on reducing balance and 20% 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 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 26 (2023 - 24 ) .

PHL (UK) Limited (Registered number: 05210384)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 863,071
Additions 192,926
At 31 March 2024 1,055,997
DEPRECIATION
At 1 April 2023 582,477
Charge for year 122,582
At 31 March 2024 705,059
NET BOOK VALUE
At 31 March 2024 350,938
At 31 March 2023 280,594

5. FIXED ASSET INVESTMENTS

31.3.24 31.3.23
£    £   
Loans to undertakings in which the company has
a participating interest

42

42
Other investments not loans 5,051 5,051
5,093 5,093

Additional information is as follows:
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 5,051
NET BOOK VALUE
At 31 March 2024 5,051
At 31 March 2023 5,051
Loans to
associates
£   
At 1 April 2023
and 31 March 2024 42

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 1,601,557 1,557,646
Other debtors 28,188 32,400
1,629,745 1,590,046

PHL (UK) Limited (Registered number: 05210384)

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

6. DEBTORS - continued
31.3.24 31.3.23
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings - 17,067

Aggregate amounts 1,629,745 1,607,113

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,518
Trade creditors 515,887 365,115
Taxation and social security 224,727 422,188
Other creditors 19,588 765,195
770,202 1,563,016

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,042 254,137
Amounts owed to group undertakings 104,216 -
115,258 254,137

9. ULTIMATE CONTROLLING PARTY

The company was under the joint control of both directors throughout the year under review.