Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mrs C A Harper 05/07/2000 Mr L P Harper 01/11/2002 Mr P D Harper 04/12/2024 05/07/2000 Mr T S Tremain 04/01/2011 25 June 2025 The principal activity of the Company during the financial year was the wholesale of hair and beauty products. 04027337 2024-12-31 04027337 bus:Director1 2024-12-31 04027337 bus:Director2 2024-12-31 04027337 bus:Director3 2024-12-31 04027337 bus:Director4 2024-12-31 04027337 2023-12-31 04027337 core:CurrentFinancialInstruments 2024-12-31 04027337 core:CurrentFinancialInstruments 2023-12-31 04027337 core:Non-currentFinancialInstruments 2024-12-31 04027337 core:Non-currentFinancialInstruments 2023-12-31 04027337 core:ShareCapital 2024-12-31 04027337 core:ShareCapital 2023-12-31 04027337 core:SharePremium 2024-12-31 04027337 core:SharePremium 2023-12-31 04027337 core:CapitalRedemptionReserve 2024-12-31 04027337 core:CapitalRedemptionReserve 2023-12-31 04027337 core:RetainedEarningsAccumulatedLosses 2024-12-31 04027337 core:RetainedEarningsAccumulatedLosses 2023-12-31 04027337 core:Goodwill 2023-12-31 04027337 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 04027337 core:Goodwill 2024-12-31 04027337 core:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 04027337 core:LeaseholdImprovements 2023-12-31 04027337 core:FurnitureFittings 2023-12-31 04027337 core:ComputerEquipment 2023-12-31 04027337 core:LeaseholdImprovements 2024-12-31 04027337 core:FurnitureFittings 2024-12-31 04027337 core:ComputerEquipment 2024-12-31 04027337 bus:OrdinaryShareClass1 2024-12-31 04027337 bus:OrdinaryShareClass2 2024-12-31 04027337 bus:OrdinaryShareClass3 2024-12-31 04027337 2024-01-01 2024-12-31 04027337 bus:FilletedAccounts 2024-01-01 2024-12-31 04027337 bus:SmallEntities 2024-01-01 2024-12-31 04027337 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04027337 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04027337 bus:Director1 2024-01-01 2024-12-31 04027337 bus:Director2 2024-01-01 2024-12-31 04027337 bus:Director3 2024-01-01 2024-12-31 04027337 bus:Director4 2024-01-01 2024-12-31 04027337 core:Goodwill core:TopRangeValue 2024-01-01 2024-12-31 04027337 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2024-01-01 2024-12-31 04027337 core:Goodwill 2024-01-01 2024-12-31 04027337 core:LeaseholdImprovements core:TopRangeValue 2024-01-01 2024-12-31 04027337 core:FurnitureFittings core:TopRangeValue 2024-01-01 2024-12-31 04027337 core:ComputerEquipment core:TopRangeValue 2024-01-01 2024-12-31 04027337 2023-01-01 2023-12-31 04027337 core:PatentsTrademarksLicencesConcessionsSimilar 2024-01-01 2024-12-31 04027337 core:LeaseholdImprovements 2024-01-01 2024-12-31 04027337 core:FurnitureFittings 2024-01-01 2024-12-31 04027337 core:ComputerEquipment 2024-01-01 2024-12-31 04027337 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 04027337 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 04027337 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 04027337 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 04027337 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 04027337 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 04027337 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 04027337 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04027337 (England and Wales)

PH GROUP UK LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

PH GROUP UK LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

PH GROUP UK LIMITED

BALANCE SHEET

As at 31 December 2024
PH GROUP UK LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 1,013 3,287
Tangible assets 4 131,375 157,150
132,388 160,437
Current assets
Stocks 256,632 285,431
Debtors 5 239,666 130,812
Cash at bank and in hand 60,036 154,940
556,334 571,183
Creditors: amounts falling due within one year 6 ( 323,307) ( 239,966)
Net current assets 233,027 331,217
Total assets less current liabilities 365,415 491,654
Creditors: amounts falling due after more than one year 7 ( 8,334) ( 18,333)
Provision for liabilities ( 24,766) ( 30,028)
Net assets 332,315 443,293
Capital and reserves
Called-up share capital 8 4,534 4,534
Share premium account 9,784 9,784
Capital redemption reserve 4,080 4,080
Profit and loss account 313,917 424,895
Total shareholders' funds 332,315 443,293

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of PH Group UK Limited (registered number: 04027337) were approved and authorised for issue by the Board of Directors on 25 June 2025. They were signed on its behalf by:

Mr L P Harper
Director
PH GROUP UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
PH GROUP UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

PH Group UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 28 Darklake View, Estover, Plymouth, PL6 7TL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Trademarks, patents and licences 5 years straight line
Goodwill

Goodwill, being the amount paid in connection with the incorporation of the business, has been amortised in full.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Fixtures and fittings 5 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 15 16

3. Intangible assets

Goodwill Trademarks, patents
and licences
Total
£ £ £
Cost
At 01 January 2024 75,750 18,867 94,617
At 31 December 2024 75,750 18,867 94,617
Accumulated amortisation
At 01 January 2024 75,750 15,580 91,330
Charge for the financial year 0 2,274 2,274
At 31 December 2024 75,750 17,854 93,604
Net book value
At 31 December 2024 0 1,013 1,013
At 31 December 2023 0 3,287 3,287

4. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 January 2024 217,775 222,431 69,459 509,665
Additions 0 1,850 0 1,850
At 31 December 2024 217,775 224,281 69,459 511,515
Accumulated depreciation
At 01 January 2024 77,231 207,529 67,755 352,515
Charge for the financial year 21,778 4,581 1,266 27,625
At 31 December 2024 99,009 212,110 69,021 380,140
Net book value
At 31 December 2024 118,766 12,171 438 131,375
At 31 December 2023 140,544 14,902 1,704 157,150

5. Debtors

2024 2023
£ £
Trade debtors 109,535 118,404
Amounts owed by Group undertakings 118,381 188
Prepayments 11,750 12,220
239,666 130,812

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 108,070 96,264
Amounts owed to associates 75,395 0
Amounts owed to directors 2,667 2,803
Taxation and social security 85,923 86,410
Other creditors 41,252 44,489
323,307 239,966

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 8,334 18,333

The loans are secured against the assets to which they relate.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
4,080 Ordinary shares of £ 1.00 each 4,080 4,080
227 Ordinary E shares of £ 1.00 each 227 227
227 Ordinary F shares of £ 1.00 each 227 227
4,534 4,534

9. Ultimate controlling party

Parent Company:

Darklake Limited
Incorporated in England and Wales

The ultimate controlling party is the director, Mr Lee Harper, by virtue of his majority shareholding in Darklake Limited