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REGISTERED NUMBER: 08497406 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

PHS Electronic Solutions Ltd

PHS Electronic Solutions Ltd (Registered number: 08497406)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PHS Electronic Solutions Ltd

Company Information
for the Year Ended 30 April 2024







Director: P Starkey





Registered office: 1 Puddler Avenue
Little Sutton
Ellesmere Port
CH66 4AZ





Registered number: 08497406 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

PHS Electronic Solutions Ltd (Registered number: 08497406)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 8,378 12,197

Current assets
Stocks 27,000 30,000
Debtors 5 77,436 40,320
Cash at bank 72 24,883
104,508 95,203
Creditors
Amounts falling due within one year 6 98,901 63,562
Net current assets 5,607 31,641
Total assets less current liabilities 13,985 43,838

Creditors
Amounts falling due after more than
one year

7

(11,036

)

(20,833

)

Provisions for liabilities (2,095 ) (3,049 )
Net assets 854 19,956

Capital and reserves
Called up share capital 1 1
Retained earnings 853 19,955
Shareholders' funds 854 19,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PHS Electronic Solutions Ltd (Registered number: 08497406)

Statement of Financial Position - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





P Starkey - Director


PHS Electronic Solutions Ltd (Registered number: 08497406)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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 - 20% on cost
Fixtures, fittings & equipment - 20% on cost

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 statement of financial position date.


PHS Electronic Solutions Ltd (Registered number: 08497406)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases
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 5 (2023 - 5 ) .

4. Tangible fixed assets
Fixtures,
Plant and fittings
machinery & equipment Totals
£    £    £   
Cost
At 1 May 2023 73,146 17,738 90,884
Additions 500 - 500
At 30 April 2024 73,646 17,738 91,384
Depreciation
At 1 May 2023 61,622 17,065 78,687
Charge for year 3,932 387 4,319
At 30 April 2024 65,554 17,452 83,006
Net book value
At 30 April 2024 8,092 286 8,378
At 30 April 2023 11,524 673 12,197

PHS Electronic Solutions Ltd (Registered number: 08497406)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. Debtors: amounts falling due within one year
30/4/24 30/4/23
£    £   
Trade debtors 66,380 40,320
Other debtors 11,056 -
77,436 40,320

6. Creditors: amounts falling due within one year
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 60,239 10,000
Trade creditors - 4,354
Taxation and social security 33,875 43,622
Other creditors 4,787 5,586
98,901 63,562

7. Creditors: amounts falling due after more than one year
30/4/24 30/4/23
£    £   
Bank loans 11,036 20,833

8. Other financial commitments

At 30 April 2024 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £19,003 of which £7,356 was due within one year.

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
P Starkey
Balance outstanding at start of year - 7,499
Amounts advanced 32,356 41,066
Amounts repaid (21,300 ) (48,565 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,056 -

Advances to the director are interest free, unsecured and repayable on demand. The maximum balance outstanding during the year was £28,411. Advances include £8,217 on 31 January 2024. Repayments include £13,500 on 30 April 2024.