REGISTERED NUMBER: 06724004 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PHE Polymer (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J P Arbourne

REGISTERED OFFICE:

21 Highnam Business Centre

Highnam

Gloucester

GL2 8DN

REGISTERED NUMBER:

06724004 (England and Wales)

ACCOUNTANTS:

Knights Accountants and Tax Advisors

21 Highnam Business Centre

Highnam

Gloucester

GL2 8DN

FIXED ASSETS

Tangible assets

3

153,482

116,904

CURRENT ASSETS

Stocks

300,458

225,482

Debtors

4

498,686

841,082

Cash at bank

1,224,648

987,371

2,023,792

2,053,935

CREDITORS

Amounts falling due within one year

5

261,576

423,062

NET CURRENT ASSETS

1,762,216

1,630,873

TOTAL ASSETS LESS CURRENT LIABILITIES

1,915,698

1,747,777

CREDITORS

Amounts falling due after more than one year

6

51,544

31,263

NET ASSETS

1,864,154

1,716,514

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,864,152

1,716,512

SHAREHOLDERS' FUNDS

1,864,154

1,716,514

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2025 and were signed by:

J P Arbourne - Director

1.	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 cost, 25% on reducing balance and 15% on reducing balance

Stocks

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

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the . . balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

7,430

196,417

203,847

Additions

-

100,437

100,437

Disposals

-

(73,956

)

(73,956

)

At 31 December 2024

7,430

222,898

230,328

DEPRECIATION

At 1 January 2024

-

86,943

86,943

Charge for year

-

30,440

30,440

Eliminated on disposal

-

(40,537

)

(40,537

)

At 31 December 2024

-

76,846

76,846

NET BOOK VALUE

At 31 December 2024

7,430

146,052

153,482

At 31 December 2023

7,430

109,474

116,904

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

315,732

662,789

Other debtors

182,954

178,293

498,686

841,082

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

14,167

24,167

Hire purchase contracts

7,315

7,150

Trade creditors

115,509

130,632

Taxation and social security

122,714

257,272

Other creditors

1,871

3,841

261,576

423,062

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

51,544

31,263