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REGISTERED NUMBER: 11048157 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

PH17 LTD

PH17 LTD (REGISTERED NUMBER: 11048157)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PH17 LTD

COMPANY INFORMATION
for the year ended 30 November 2024







DIRECTORS: Mr R Barrett
Mr R Wakeford





REGISTERED OFFICE: 305 Upper Town Street
Bramley
Leeds
West Yorkshire
LS13 3JT





REGISTERED NUMBER: 11048157 (England and Wales)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

PH17 LTD (REGISTERED NUMBER: 11048157)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,245 13,185

CURRENT ASSETS
Stocks 60,000 60,000
Debtors 5 66,142 126,162
Cash at bank 235,591 130,402
361,733 316,564
CREDITORS
Amounts falling due within one year 6 295,924 188,031
NET CURRENT ASSETS 65,809 128,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,054

141,718

CREDITORS
Amounts falling due after more than one
year

7

31,019

36,574
NET ASSETS 45,035 105,144

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 44,933 105,042
SHAREHOLDERS' FUNDS 45,035 105,144

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

PH17 LTD (REGISTERED NUMBER: 11048157)

BALANCE SHEET - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:




Mr R Barrett - Director



Mr R Wakeford - Director


PH17 LTD (REGISTERED NUMBER: 11048157)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Ph17 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.

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 etc - 33% on reducing balance, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

PH17 LTD (REGISTERED NUMBER: 11048157)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 16,906 2,182 9,415 9,540 38,043
Additions - - - 495 495
At 30 November 2024 16,906 2,182 9,415 10,035 38,538
DEPRECIATION
At 1 December 2023 10,926 1,359 7,488 5,085 24,858
Charge for year 1,196 123 482 1,634 3,435
At 30 November 2024 12,122 1,482 7,970 6,719 28,293
NET BOOK VALUE
At 30 November 2024 4,784 700 1,445 3,316 10,245
At 30 November 2023 5,980 823 1,927 4,455 13,185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 47,477
Other debtors 66,142 78,685
66,142 126,162

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,006 -
Trade creditors 109,356 121,694
Taxation and social security 25,207 51,370
Other creditors 156,355 14,967
295,924 188,031

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 31,019 36,574