REGISTERED NUMBER: 01216688 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PHN ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D P Rollings

Mrs J L Rollings

SECRETARY:

Mrs J L Rollings

REGISTERED OFFICE:

Kingscott Dix

7 Rockfield Business Park

Old Station Drive, Leckhampton

Cheltenham

Gloucestershire

GL530AN

REGISTERED NUMBER:

01216688 (England and Wales)

ACCOUNTANTS:

Kingscott Dix (Cheltenham) Limited

7 Rockfield Business Park

Old Station Drive

Leckhampton

Cheltenham

GL53 0AN

FIXED ASSETS

Intangible assets

4

4,063

7,563

Tangible assets

5

886,607

897,681

890,670

905,244

CURRENT ASSETS

Stocks

420,243

478,307

Debtors

6

1,174,635

884,904

Cash at bank and in hand

15,310

13,896

1,610,188

1,377,107

CREDITORS

Amounts falling due within one year

7

(1,277,694

)

(1,206,313

)

NET CURRENT ASSETS

332,494

170,794

TOTAL ASSETS LESS CURRENT LIABILITIES

1,223,164

1,076,038

CREDITORS

Amounts falling due after more than one year

8

(257,487

)

(368,381

)

PROVISIONS FOR LIABILITIES

11

(116,806

)

(93,185

)

NET ASSETS

848,871

614,472

CAPITAL AND RESERVES

Called up share capital

33,000

33,000

Retained earnings

815,871

581,472

SHAREHOLDERS' FUNDS

848,871

614,472

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

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr D P Rollings - Director

1.	STATUTORY INFORMATION

PHN Enterprises 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 as modified by the revaluation of certain assets.

Significant judgements and estimates

The directors are of the opinion that there are no significant judgements or estimations used in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the period of the lease.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

at variable rates on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 42 (2023 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

35,000

AMORTISATION

At 1 January 2024

27,437

Charge for year

3,500

At 31 December 2024

30,937

NET BOOK VALUE

At 31 December 2024

4,063

At 31 December 2023

7,563

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST OR VALUATION

At 1 January 2024

29,635

67,331

830,250

Additions

-

16,372

120,175

Disposals

-

-

(134,366

)

At 31 December 2024

29,635

83,703

816,059

DEPRECIATION

At 1 January 2024

29,451

49,515

353,257

Charge for year

184

6,876

47,600

Eliminated on disposal

-

-

(93,396

)

At 31 December 2024

29,635

56,391

307,461

NET BOOK VALUE

At 31 December 2024

-

27,312

508,598

At 31 December 2023

184

17,816

476,993

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

87,294

468,491

1,483,001

Additions

1,699

52,102

190,348

Disposals

-

(67,540

)

(201,906

)

At 31 December 2024

88,993

453,053

1,471,443

DEPRECIATION

At 1 January 2024

36,289

116,808

585,320

Charge for year

5,202

52,370

112,232

Eliminated on disposal

-

(19,320

)

(112,716

)

At 31 December 2024

41,491

149,858

584,836

NET BOOK VALUE

At 31 December 2024

47,502

303,195

886,607

At 31 December 2023

51,005

351,683

897,681

Cost or valuation at 31 December 2024 is represented by:

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

Cost

29,635

83,703

816,059

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

88,993

453,053

1,471,443

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

255,958

186,918

Other debtors

918,677

697,986

1,174,635

884,904

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

284,694

198,043

Hire purchase contracts (see note 9)

140,479

138,656

Trade creditors

503,230

630,933

Taxation and social security

269,236

160,406

Other creditors

80,055

78,275

1,277,694

1,206,313

The company is subject to a confidential invoice discounting agreement. Amounts received from the invoice discounters represent monies received in advance of settlement of debts. The company is liable to repay these amounts if the debts are not received by the invoice discounter. The invoice discounter has a fixed charge on the receipt of other debts due to the company.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

25,528

50,383

Hire purchase contracts (see note 9)

231,959

317,998

257,487

368,381

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,138

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

140,479

138,656

Between one and five years

231,959

317,998

372,438

456,654

Non-cancellable

operating leases

2024

2023

£

£

Within one year

138,500

145,264

Between one and five years

50,000

57,775

In more than five years

-

97,550

188,500

300,589

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

185,424

127,056

Bank loans

124,798

121,370

Other loans

-

41,778

310,222

290,204

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

116,806

93,185

Deferred

tax

£

Balance at 1 January 2024

93,185

Provided during year

23,621

movements in the year

Balance at 31 December 2024

116,806

12.	RELATED PARTY DISCLOSURES

Mr D P Rollings director and shareholder of the company was paid £38,000 in rent.

Idea Homes Limited a company is which Mr D P Rollings is a shareholder and director owes PHN Enterprises Limited £26,230.

D P Rollings Limited a company in which Mr D P Rollings is a shareholder and director owes PHN Enterprises Limited £818,991.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D P Rollings.