PH Europe Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03181526 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

PH Europe Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

J J D Astley

Ms I Ivanova

J Cleghorn

Mrs L Cleghorn

REGISTERED OFFICE:

Ellerslie House

Queens Road

Edgerton

Huddersfield

West Yorkshire

HD2 2AG

REGISTERED NUMBER:

03181526 (England and Wales)

ACCOUNTANTS:

DWilkinson&Company

Bank House

27 King Street

Leeds

West Yorkshire

LS1 2HL

FIXED ASSETS

Tangible assets

4

732,851

729,150

CURRENT ASSETS

Debtors

5

1,066,762

929,848

Cash at bank

123,168

299,859

1,189,930

1,229,707

CREDITORS

Amounts falling due within one year

6

667,622

708,591

NET CURRENT ASSETS

522,308

521,116

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,255,159

1,250,266

PROVISIONS FOR LIABILITIES

7

127,728

124,498

NET ASSETS

1,127,431

1,125,768

CAPITAL AND RESERVES

Called up share capital

8

250

Revaluation reserve

9

227,683

Capital redemption reserve

750

Retained earnings

898,748

897,085

SHAREHOLDERS' FUNDS

1,127,431

1,125,768

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

J Cleghorn - Director

Ms I Ivanova - Director

1.	STATUTORY INFORMATION

PH Europe 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.

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

25% on reducing balance

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 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.

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 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 April 2024

1,755,338

10,715

1,766,053

Additions

200,962

-

200,962

At 31 March 2025

1,956,300

10,715

1,967,015

DEPRECIATION

At 1 April 2024

1,026,965

9,938

1,036,903

Charge for year

197,067

194

197,261

At 31 March 2025

1,224,032

10,132

1,234,164

NET BOOK VALUE

At 31 March 2025

732,268

583

732,851

At 31 March 2024

728,373

777

729,150

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

617,306

489,481

Other debtors

99,047

Directors' current accounts

346,339

337,250

Prepayments

4,070

1,066,762

929,848

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

597,977

638,661

Taxation and social security

15,338

27,347

Other creditors

54,307

42,583

667,622

708,591

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

127,728

124,498

Deferred

tax

£

Balance at 1 April 2024

124,498

Accelerated capital allowances

3,230

Balance at 31 March 2025

127,728

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1,000

Ordinary shares

£1

250

9.

RESERVES

Revaluatio

reserve

£

At 1 April 2024

and 31 March 2025

227,683

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

J Cleghorn

Balance outstanding at start of year

320,801

315,264

Amounts advanced

12,286

5,537

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

333,087

320,801

Ms I Ivanova

Balance outstanding at start of year

16,449

16,095

Amounts advanced

-

354

Amounts repaid

(3,197

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

13,252

16,449