REGISTERED NUMBER: 07775597 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2025

for

PHD DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N A Sargeant

REGISTERED OFFICE:

The Barn

Common Farm

Riley Hill

Lichfield

Staffordshire

WS13 8JE

REGISTERED NUMBER:

07775597 (England and Wales)

FIXED ASSETS

Tangible assets

4

10,061

12,603

CURRENT ASSETS

Debtors

5

70,579

62,515

Cash at bank and in hand

43,922

58,658

114,501

121,173

CREDITORS

Amounts falling due within one year

6

81,669

85,656

NET CURRENT ASSETS

32,832

35,517

TOTAL ASSETS LESS CURRENT LIABILITIES

42,893

48,120

CAPITAL AND RESERVES

Called up share capital

120

120

Share premium

19,980

19,980

Retained earnings

22,793

28,020

42,893

48,120

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 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 2nd December 2025 and were signed by:

N A Sargeant - Director

1.	STATUTORY INFORMATION

PHD Design 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.

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.

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 4 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st June 2024

38,477

Additions

678

At 31st May 2025

39,155

DEPRECIATION

At 1st June 2024

25,874

Charge for year

3,220

At 31st May 2025

29,094

NET BOOK VALUE

At 31st May 2025

10,061

At 31st May 2024

12,603

5.

DEBTORS

31.5.25

31.5.24

£

£

Amounts falling due within one year:

Trade debtors

62,281

61,383

Other debtors

98

1,132

62,379

62,515

31.5.25

31.5.24

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

8,200

-

Aggregate amounts

70,579

62,515

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

10,107

20,068

Trade creditors

22,490

2,635

Taxation and social security

28,468

36,760

Other creditors

20,604

26,193

81,669

85,656

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2025 and 31st May 2024:

31.5.25

31.5.24

£

£

P J Howard

Balance outstanding at start of year

(9,249

)

(9,310

)

Amounts advanced

295

61

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(8,954

)

(9,249

)

N A Sargeant

Balance outstanding at start of year

(11,443

)

(10,869

)

Amounts advanced

2,321

-

Amounts repaid

-

(574

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,122

)

(11,443

)