Wonderful Life PHBS Ltd

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

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Page 2

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 08625172

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		9,000		13,500
Tangible Assets	5		157,238		163,738

			166,238		177,238
CURRENT ASSETS
Stocks	6	376,290		397,678
Debtors	7	430,078		363,021
Cash at bank and in hand		22,374		29,363

		828,742		790,062
Creditors: Amounts Falling Due Within One Year	8	(676,090 )		(620,516 )

NET CURRENT ASSETS (LIABILITIES)			152,652		169,546

TOTAL ASSETS LESS CURRENT LIABILITIES			318,890		346,784

Creditors: Amounts Falling Due After More Than One Year	9		(175,711 )		(180,276 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(30,621 )		(23,805 )

NET ASSETS			112,558		142,703

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			112,458		142,603

SHAREHOLDERS' FUNDS			112,558		142,703

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Wonderful Life PHBS Ltd

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A Nail

Director

29/09/2025

The notes on pages 4 to 7 form part of these financial statements.

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Page 4

Wonderful Life PHBS Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Wonderful Life PHBS Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08625172 . The registered office is 4 Green Lane Business Park, 238 Green Lanes New Eltham, London, SE9 3TL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Over the life of the lease.
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance

2.5. Leasing and Hire Purchase Contracts

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

2.6. Stocks and Work in Progress

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

2.7. 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.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance

sheet date.

...CONTINUED

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Wonderful Life PHBS Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2023: 18)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	45,000

As at 31 December 2024	45,000

Amortisation
As at 1 January 2024	31,500
Provided during the period	4,500

As at 31 December 2024	36,000

Net Book Value
As at 31 December 2024	9,000

As at 1 January 2024	13,500

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 January 2024	72,302	163,562	176,148	412,012
Additions	-	1,670	99,269	100,939
Disposals	-	-	(132,356 )	(132,356 )

As at 31 December 2024	72,302	165,232	143,061	380,595

Depreciation
As at 1 January 2024	37,659	127,368	83,247	248,274
Provided during the period	3,464	9,466	32,554	45,484
Disposals	-	-	(70,401 )	(70,401 )

As at 31 December 2024	41,123	136,834	45,400	223,357

...CONTINUED

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Wonderful Life PHBS Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	31,179	28,398	97,661	157,238

As at 1 January 2024	34,643	36,194	92,901	163,738

6. Stocks

	2024	2023
	£	£
Stock	376,290	397,678

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	109,748	104,475
Amounts owed by participating interests	147,389	143,739
Other debtors	172,941	114,807

	430,078	363,021

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	25,065	26,349
Trade creditors	202,665	221,182
Bank loans and overdrafts	95,393	64,501
Amounts owed to participating interests	15,239	15,239
Other creditors	75,366	89,845
Taxation and social security	262,362	203,400

	676,090	620,516

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	124,024	94,980
Bank loans	51,687	85,296

	175,711	180,276

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Wonderful Life PHBS Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	25,065	26,349
Later than one year and not later than five years	124,024	94,980

	149,089	121,329

	149,089	121,329

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

Page 7

Directors	Mr A Nail
	Mr Z Brookes

Company Number	08625172

Registered Office	4 Green Lane Business Park
	238 Green Lanes New Eltham
	London
	SE9 3TL

Accountants	BAYAR HUGHES & CO LIMITED
	Chartered Certified Accountants & Registered Auditors
	4 Green Lane Business Park
	New Eltham
	238 Green Lane
	London
	SE9 3TL