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REGISTERED NUMBER: 11141713 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

PHO Enterprises Limited

PHO Enterprises Limited (Registered number: 11141713)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHO Enterprises Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Dr P P S Moondi
Dr P J Ayling





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 11141713 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

PHO Enterprises Limited (Registered number: 11141713)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 825 1,100

CURRENT ASSETS
Debtors 5 245,815 195,538
Cash at bank 18,330 19,975
264,145 215,513
CREDITORS
Amounts falling due within one year 6 37,929 31,146
NET CURRENT ASSETS 226,216 184,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,041

185,467

CREDITORS
Amounts falling due after more than one
year

7

5,370

9,268
NET ASSETS 221,671 176,199

CAPITAL AND RESERVES
Called up share capital 1,600 1,600
Retained earnings 220,071 174,599
221,671 176,199

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

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

PHO Enterprises Limited (Registered number: 11141713)

Balance Sheet - continued
31 January 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 28 October 2024 and were signed on its behalf by:





Dr P P S Moondi - Director


PHO Enterprises Limited (Registered number: 11141713)

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

1. STATUTORY INFORMATION

PHO Enterprises 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.
Equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

PHO Enterprises Limited (Registered number: 11141713)

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

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 February 2023
and 31 January 2024 2,440
DEPRECIATION
At 1 February 2023 1,340
Charge for year 275
At 31 January 2024 1,615
NET BOOK VALUE
At 31 January 2024 825
At 31 January 2023 1,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 184,383 179,683
Directors' current accounts 58,695 14,315
Prepayments and accrued income 2,737 1,540
245,815 195,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 4,223 4,223
Tax 24,146 17,363
Other creditors 8,000 8,000
Accrued expenses 1,560 1,560
37,929 31,146

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 4,223 4,223
Bank loans - 2-5 years 1,147 5,045
5,370 9,268