IRIS Accounts Production v25.1.4.42 00952016 Board of Directors 1.6.24 31.5.25 31.5.25 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 Ordinary E 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh009520162024-05-31009520162025-05-31009520162024-06-012025-05-31009520162023-05-31009520162023-06-012024-05-31009520162024-05-3100952016ns15:EnglandWales2024-06-012025-05-3100952016ns14:PoundSterling2024-06-012025-05-3100952016ns10:Director12024-06-012025-05-3100952016ns10:PrivateLimitedCompanyLtd2024-06-012025-05-3100952016ns10:SmallEntities2024-06-012025-05-3100952016ns10:AuditExempt-NoAccountantsReport2024-06-012025-05-3100952016ns10:SmallCompaniesRegimeForDirectorsReport2024-06-012025-05-3100952016ns10:SmallCompaniesRegimeForAccounts2024-06-012025-05-3100952016ns10:FullAccounts2024-06-012025-05-3100952016ns10:OrdinaryShareClass12024-06-012025-05-3100952016ns10:OrdinaryShareClass22024-06-012025-05-3100952016ns10:OrdinaryShareClass32024-06-012025-05-3100952016ns10:OrdinaryShareClass42024-06-012025-05-3100952016ns10:OrdinaryShareClass52024-06-012025-05-3100952016ns10:Director22024-06-012025-05-3100952016ns10:Director42024-06-012025-05-3100952016ns10:Director52024-06-012025-05-3100952016ns10:CompanySecretary12024-06-012025-05-3100952016ns10:RegisteredOffice2024-06-012025-05-3100952016ns5:CurrentFinancialInstruments2025-05-3100952016ns5:CurrentFinancialInstruments2024-05-3100952016ns5:ShareCapital2025-05-3100952016ns5:ShareCapital2024-05-3100952016ns5:RetainedEarningsAccumulatedLosses2025-05-3100952016ns5:RetainedEarningsAccumulatedLosses2024-05-3100952016ns5:PlantMachinery2024-06-012025-05-3100952016ns5:MotorVehicles2024-06-012025-05-3100952016ns5:ComputerEquipment2024-06-012025-05-3100952016ns5:PlantMachinery2024-05-3100952016ns5:MotorVehicles2024-05-3100952016ns5:ComputerEquipment2024-05-3100952016ns5:PlantMachinery2025-05-3100952016ns5:MotorVehicles2025-05-3100952016ns5:ComputerEquipment2025-05-3100952016ns5:PlantMachinery2024-05-3100952016ns5:MotorVehicles2024-05-3100952016ns5:ComputerEquipment2024-05-3100952016ns5:WithinOneYearns5:CurrentFinancialInstruments2025-05-3100952016ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3100952016ns5:DeferredTaxation2024-05-3100952016ns5:DeferredTaxation2024-06-012025-05-3100952016ns5:DeferredTaxation2025-05-3100952016ns10:OrdinaryShareClass12025-05-3100952016ns10:OrdinaryShareClass22025-05-3100952016ns10:OrdinaryShareClass32025-05-3100952016ns10:OrdinaryShareClass42025-05-3100952016ns10:OrdinaryShareClass52025-05-31
REGISTERED NUMBER: 00952016 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2025

for

Phillips Services (Wales) Limited

Phillips Services (Wales) Limited (Registered number: 00952016)






Contents of the Financial Statements
for the Year Ended 31 May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phillips Services (Wales) Limited

Company Information
for the Year Ended 31 May 2025







DIRECTORS: Mr S P Jones
Mrs A M Jones
Mr P Workman
Mr S Williams





SECRETARY: Mrs A M Jones





REGISTERED OFFICE: Stadium House
182 Neath Road
Landore
SWANSEA
SA1 2JT





REGISTERED NUMBER: 00952016 (England and Wales)





ACCOUNTANTS: Ashmole & Co
First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ

Phillips Services (Wales) Limited (Registered number: 00952016)

Balance Sheet
31 May 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 275,036 163,253

CURRENT ASSETS
Debtors 5 780,270 953,439
Cash at bank and in hand 1,888,501 1,002,958
2,668,771 1,956,397
CREDITORS
Amounts falling due within one year 6 796,252 422,839
NET CURRENT ASSETS 1,872,519 1,533,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,147,555

1,696,811

PROVISIONS FOR LIABILITIES 7 63,444 35,158
NET ASSETS 2,084,111 1,661,653

CAPITAL AND RESERVES
Called up share capital 8 93 93
Retained earnings 2,084,018 1,661,560
SHAREHOLDERS' FUNDS 2,084,111 1,661,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

Phillips Services (Wales) Limited (Registered number: 00952016)

Balance Sheet - continued
31 May 2025


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 1 August 2025 and were signed on its behalf by:





Mr S P Jones - Director


Phillips Services (Wales) Limited (Registered number: 00952016)

Notes to the Financial Statements
for the Year Ended 31 May 2025

1. STATUTORY INFORMATION

Phillips Services (Wales) 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Phillips Services (Wales) Limited (Registered number: 00952016)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025

2. ACCOUNTING POLICIES - continued

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.

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 34 (2024 - 35 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2024 1,523 369,162 22,825 393,510
Additions - 165,549 458 166,007
Disposals - (78,514 ) - (78,514 )
At 31 May 2025 1,523 456,197 23,283 481,003
DEPRECIATION
At 1 June 2024 1,408 216,697 12,152 230,257
Charge for year 29 44,141 2,724 46,894
Eliminated on disposal - (71,184 ) - (71,184 )
At 31 May 2025 1,437 189,654 14,876 205,967
NET BOOK VALUE
At 31 May 2025 86 266,543 8,407 275,036
At 31 May 2024 115 152,465 10,673 163,253

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 515,924 725,135
Amounts recoverable on contracts 29,250 32,400
Other debtors 186,850 163,242
Prepayments 48,246 32,662
780,270 953,439

Phillips Services (Wales) Limited (Registered number: 00952016)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 352,097 153,314
Tax 212,670 117,966
Social security and other taxes 23,585 27,084
VAT 129,759 53,419
Other creditors 8,430 8,430
Directors' current accounts 61,372 54,232
Sundry creditors & accruals 8,339 8,394
796,252 422,839

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 63,444 35,158

Deferred
tax
£   
Balance at 1 June 2024 35,158
Provided during year 28,286
Balance at 31 May 2025 63,444

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
18 Ordinary A £1 18 18
54 Ordinary B £1 54 54
18 Ordinary C £1 18 18
2 Ordinary D £1 2 2
1 Ordinary E £1 1 1
93 93

9. RELATED PARTY DISCLOSURES

The controlling party is Mr S P Jones.