2023-09-01 09189790 2024-08-31 09189790 2023-09-01 2024-08-31 09189790 2023-08-31 09189790 2022-09-01 2023-08-31 09189790 uk-core:WithinOneYear 2023-08-31 09189790 uk-core:WithinOneYear 2024-08-31 09189790 uk-core:AfterOneYear 2023-08-31 09189790 uk-core:AfterOneYear 2024-08-31 09189790 uk-core:ShareCapital 2024-08-31 09189790 uk-core:ShareCapital 2023-08-31 09189790 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 09189790 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 09189790 uk-bus:Director1 2023-09-01 2024-08-31 09189790 uk-core:NetGoodwill 2023-09-01 2024-08-31 09189790 uk-core:WithinOneYear 2024-08-31 09189790 uk-core:WithinOneYear 2023-08-31 09189790 uk-core:AfterOneYear uk-core:Secured 2024-08-31 09189790 uk-core:AfterOneYear uk-core:Secured 2023-08-31 iso4217:GBP xbrli:pure 09189790 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09189790 uk-bus:FRS102 2023-09-01 2024-08-31 09189790 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 09189790 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
PHI Home & Garden Ltd
Registered Number:09189790
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
PHI Home & Garden Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
09189790
As at 31 August 2024
PHI Home & Garden Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
8,000
12,000
Property, plant and equipment
17,439
22,164
25,439
34,164
Current assets
Inventories
82,337
85,358
2
Trade and other receivables
49,140
44,031
3
40,532
Cash and cash equivalents
34,162
163,551
172,009
Trade and other payables: amounts falling due within one
year
(82,500)
(80,165)
4
89,509
83,386
Net current assets
Total assets less current liabilities
108,825
123,673
Trade and other payables: amounts falling due after more
than one year
(9,228)
(2,086)
5
(2,492)
(3,215)
Provisions for liabilities
104,247
Net assets
111,230
Capital and reserves
Called up share capital
10
10
Retained earnings
104,237
111,220
104,247
111,230
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
09189790
For the year ended 31 August 2024
PHI Home & Garden Ltd
Statement of Financial Position Continued
Mrs Joanne Willett Director
These financial statements were approved and authorised for issue by the Board on 12 March 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 August 2024
PHI Home & Garden Ltd
Notes to the Financial Statements
Statutory Information
PHI Home & Garden Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09189790.
Registered address:
55 Windmill Avenue
Wokingham
RG41 3XA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of 10 years.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Inventories
2023
2024
£
£
Stocks
85,358
82,337
3. Trade and other receivables
2023
2024
£
£
Trade debtors
41,124
49,140
Other debtors
2,907
-
49,140
44,031
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6
For the year ended 31 August 2024
PHI Home & Garden Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
8,338
12,981
Trade creditors
58,966
60,116
Taxation and social security
8,265
9,403
Other creditors
4,596
-
80,165
82,500
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
2,086
9,228
6. Guarantees and other financial commitments
7. Average number of persons employed
During the year the average number of employees was 0 (2023 : 5)
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