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REGISTERED NUMBER: 04458999 (England and Wales)















PHA ICON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






PHA ICON LIMITED (REGISTERED NUMBER: 04458999)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHA ICON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs L M Lang
O Lang





REGISTERED OFFICE: 1 The Downs
Altrincham
WA14 2QD





REGISTERED NUMBER: 04458999 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

PHA ICON LIMITED (REGISTERED NUMBER: 04458999)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 6,338 5,870
Tangible assets 5 8,988 12,845
15,326 18,715

CURRENT ASSETS
Stocks 2,000 2,500
Debtors 6 83,527 106,792
Cash at bank and in hand 36,956 48,731
122,483 158,023
CREDITORS
Amounts falling due within one year 7 101,842 138,577
NET CURRENT ASSETS 20,641 19,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,967

38,161

CREDITORS
Amounts falling due after more than one
year

8

(28,750

)

(33,750

)

PROVISIONS FOR LIABILITIES 9 (2,039 ) (2,958 )
NET ASSETS 5,178 1,453

CAPITAL AND RESERVES
Called up share capital 10 903 903
Capital redemption reserve 78 78
Retained earnings 4,197 472
SHAREHOLDERS' FUNDS 5,178 1,453

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

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 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.

PHA ICON LIMITED (REGISTERED NUMBER: 04458999)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





O Lang - Director


PHA ICON LIMITED (REGISTERED NUMBER: 04458999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

PHA Icon 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 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 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 balance sheet date.


PHA ICON LIMITED (REGISTERED NUMBER: 04458999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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 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.

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.

Government grants
Grant income receivable under the Coronavirus Job Retention Scheme ("CJRS") is recognised in the Income Statement on a straight line basis over the furlough period for each relevant employee.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 September 2023 110,683 29,653 140,336
Additions - 3,200 3,200
At 31 August 2024 110,683 32,853 143,536
AMORTISATION
At 1 September 2023 110,683 23,783 134,466
Amortisation for year - 2,732 2,732
At 31 August 2024 110,683 26,515 137,198
NET BOOK VALUE
At 31 August 2024 - 6,338 6,338
At 31 August 2023 - 5,870 5,870

PHA ICON LIMITED (REGISTERED NUMBER: 04458999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 6,178 109,704 7,184 123,066
Additions - - 655 655
At 31 August 2024 6,178 109,704 7,839 123,721
DEPRECIATION
At 1 September 2023 6,178 100,208 3,835 110,221
Charge for year - 1,899 2,613 4,512
At 31 August 2024 6,178 102,107 6,448 114,733
NET BOOK VALUE
At 31 August 2024 - 7,597 1,391 8,988
At 31 August 2023 - 9,496 3,349 12,845

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,668 105,691
Prepayments and accrued income 1,859 1,101
83,527 106,792

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 77,912 84,375
Corporation tax 4,467 9,465
Social security and other taxes (3,014 ) (2,989 )
VAT 6,577 8,504
Other creditors 4,152 230
Directors' current accounts 1,948 30,492
Accruals and deferred income 4,800 3,500
101,842 138,577

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 8,750 13,750
28,750 33,750

PHA ICON LIMITED (REGISTERED NUMBER: 04458999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,750 13,750

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,039 2,958

Deferred
tax
£   
Balance at 1 September 2023 2,958
Provided during year (919 )
Balance at 31 August 2024 2,039

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
900 Ordinary 'A' £1 900 900
3 Ordinary 'C' £1 3 3
903 903

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.