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Company Registration No. 04986730 (England and Wales)
Ph Foods Ltd Unaudited accounts for the year ended 30 April 2024
Ph Foods Ltd Unaudited accounts Contents
Page
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Ph Foods Ltd Company Information for the year ended 30 April 2024
Directors
David Braithwaite Mischa Lindsey Braithwaite
Company Number
04986730 (England and Wales)
Registered Office
Unit 12 & 13 The Sidings Cathedral Avenue Wells Somerset BA5 1LJ England
Accountants
Hayley Spencer MAAT 24 Robins Way Compton Dundon Somerton Somerset TA11 6AR
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Ph Foods Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
61,910 
77,043 
Current assets
Inventories
64,848 
83,617 
Debtors
75,142 
62,051 
Cash at bank and in hand
17,266 
13,016 
157,256 
158,684 
Creditors: amounts falling due within one year
(143,873)
(115,037)
Net current assets
13,383 
43,647 
Total assets less current liabilities
75,293 
120,690 
Creditors: amounts falling due after more than one year
(74,710)
(94,032)
Net assets
583 
26,658 
Capital and reserves
Called up share capital
100 
100 
Capital redemption reserve
49 
49 
Profit and loss account
434 
26,509 
Shareholders' funds
583 
26,658 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by
David Braithwaite Director Company Registration No. 04986730
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Ph Foods Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Ph Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 04986730. The registered office is Unit 12 & 13, The Sidings, Cathedral Avenue, Wells, Somerset, BA5 1LJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
5 years straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
10,840 
79,249 
6,835 
96,924 
Additions
- 
- 
1,646 
1,646 
At 30 April 2024
10,840 
79,249 
8,481 
98,570 
Depreciation
At 1 May 2023
4,987 
10,567 
4,327 
19,881 
Charge for the year
2,085 
13,736 
958 
16,779 
At 30 April 2024
7,072 
24,303 
5,285 
36,660 
Net book value
At 30 April 2024
3,768 
54,946 
3,196 
61,910 
At 30 April 2023
5,853 
68,682 
2,508 
77,043 
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Ph Foods Ltd Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,624 
- 
Trade debtors
57,980 
54,354 
Accrued income and prepayments
6,347 
- 
Other debtors
8,191 
7,697 
75,142 
62,051 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14,920 
14,221 
Obligations under finance leases and hire purchase contracts
8,870 
8,455 
Trade creditors
107,942 
85,514 
Taxes and social security
8,505 
2,622 
Other creditors
2,891 
4,225 
Accruals
745 
- 
143,873 
115,037 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,047 
42,500 
Obligations under finance leases and hire purchase contracts
42,663 
51,532 
74,710 
94,032 
8
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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