Company registration number 05026641 (England and Wales)
PHX TRAINING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
PHX TRAINING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
PHX TRAINING LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
94,564
97,220
Current assets
Stocks
8,000
5,000
Debtors
4
571,173
565,919
Cash at bank and in hand
238,753
80,723
817,926
651,642
Creditors: amounts falling due within one year
5
(310,295)
(318,211)
Net current assets
507,631
333,431
Total assets less current liabilities
602,195
430,651
Creditors: amounts falling due after more than one year
6
(3,788)
(39,002)
Provisions for liabilities
(10,684)
(17,576)
Net assets
587,723
374,073
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
587,623
373,973
Total equity
587,723
374,073

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

PHX TRAINING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 10 October 2025 and are signed on its behalf by:
Mr D R Scott
Mrs J Scott
Director
Director
Company registration number 05026641 (England and Wales)
PHX TRAINING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

PHX Training Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kendal House, Murley Moss Business Village, Oxenholme Road, Kendal, LA9 7RL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services, to the extent that the company has a right to consideration arising from the performance of its contractual arrangements.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Land and buildings
- 25% Straight Line
Plant and machinery
- 33% Straight Line
Fixtures, fittings & equipment
- 15% Straight Line
Office equipment
- 15% & 33% Straight Line
Motor vehicles
- 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

PHX TRAINING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PHX TRAINING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the exception that deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
54
54
PHX TRAINING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
3
Tangible fixed assets
Leasehold Land and buildings
Plant and machinery
Fixtures, fittings & equipment
Office equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 August 2024
39,786
94,259
76,573
153,438
49,190
413,246
Additions
-
0
42,780
1,329
13,816
-
0
57,925
At 31 July 2025
39,786
137,039
77,902
167,254
49,190
471,171
Depreciation and impairment
At 1 August 2024
22,928
94,259
70,396
100,005
28,438
316,026
Depreciation charged in the year
5,619
14,117
1,826
33,831
5,188
60,581
At 31 July 2025
28,547
108,376
72,222
133,836
33,626
376,607
Carrying amount
At 31 July 2025
11,239
28,663
5,680
33,418
15,564
94,564
At 31 July 2024
16,858
-
0
6,177
53,433
20,752
97,220
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
318,733
531,742
Other debtors
221,456
1,500
Prepayments and accrued income
30,984
32,677
571,173
565,919
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,162
10,162
Obligations under finance leases
25,053
5,684
Trade creditors
42,806
26,599
Amounts owed to group undertakings
-
0
140,303
Taxation and social security
150,627
83,883
Other creditors
7,568
6,700
Accruals and deferred income
74,079
44,880
310,295
318,211
PHX TRAINING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
3,788
13,949
Obligations under finance leases
-
0
25,053
3,788
39,002

.

7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
4,000 Ordinary Shares of 2.5p Each
100
100
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
248,699
245,707
9
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Key management personnel
1,810
1,810
2025-07-31 2024-08-01 false false false 10 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr D R Scott Mrs J Scott Ms B P Fawcett Mrs J Scott 2025-10-10 05026641 2024-08-01 2025-07-31 05026641 2025-07-31 05026641 2024-07-31 05026641 core:LandBuildings 2025-07-31 05026641 core:PlantMachinery 2025-07-31 05026641 core:FurnitureFittings 2025-07-31 05026641 core:ComputerEquipment 2025-07-31 05026641 core:MotorVehicles 2025-07-31 05026641 core:LandBuildings 2024-07-31 05026641 core:PlantMachinery 2024-07-31 05026641 core:FurnitureFittings 2024-07-31 05026641 core:ComputerEquipment 2024-07-31 05026641 core:MotorVehicles 2024-07-31 05026641 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 05026641 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 05026641 core:Non-currentFinancialInstruments core:AfterOneYear 2025-07-31 05026641 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 05026641 core:CurrentFinancialInstruments 2025-07-31 05026641 core:CurrentFinancialInstruments 2024-07-31 05026641 core:Non-currentFinancialInstruments 2025-07-31 05026641 core:Non-currentFinancialInstruments 2024-07-31 05026641 core:ShareCapital 2025-07-31 05026641 core:ShareCapital 2024-07-31 05026641 core:RetainedEarningsAccumulatedLosses 2025-07-31 05026641 core:RetainedEarningsAccumulatedLosses 2024-07-31 05026641 core:ShareCapitalOrdinaryShareClass1 2025-07-31 05026641 core:ShareCapitalOrdinaryShareClass1 2024-07-31 05026641 bus:Director1 2024-08-01 2025-07-31 05026641 bus:Director2 2024-08-01 2025-07-31 05026641 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-08-01 2025-07-31 05026641 core:PlantMachinery 2024-08-01 2025-07-31 05026641 core:FurnitureFittings 2024-08-01 2025-07-31 05026641 core:ComputerEquipment 2024-08-01 2025-07-31 05026641 core:MotorVehicles 2024-08-01 2025-07-31 05026641 2023-08-01 2024-07-31 05026641 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-07-31 05026641 core:PlantMachinery 2024-07-31 05026641 core:FurnitureFittings 2024-07-31 05026641 core:ComputerEquipment 2024-07-31 05026641 core:MotorVehicles 2024-07-31 05026641 2024-07-31 05026641 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-07-31 05026641 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 05026641 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 05026641 bus:FRS102 2024-08-01 2025-07-31 05026641 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 05026641 bus:Director3 2024-08-01 2025-07-31 05026641 bus:CompanySecretary1 2024-08-01 2025-07-31 05026641 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP