REGISTERED NUMBER: 08497406 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

PHS Electronic Solutions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

P Starkey

Registered office:

1 Puddler Avenue

Little Sutton

Ellesmere Port

CH66 4AZ

Registered number:

08497406 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

2,589

8,378

Current assets

Stocks

43,000

27,000

Debtors

5

34,580

77,436

Cash at bank

73

72

77,653

104,508

Creditors

Amounts falling due within one year

6

62,283

98,901

Net current assets

15,370

5,607

Total assets less current liabilities

17,959

13,985

Creditors

Amounts falling due after more than one year

7

(17,244

)

(11,036

)

Provisions for liabilities

(647

)

(2,095

)

Net assets

68

854

Capital and reserves

Called up share capital

1

1

Retained earnings

67

853

Shareholders' funds

68

854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 January 2026 and were signed by:

P Starkey - Director

1.	Statutory information

PHS Electronic Solutions Ltd 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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

-

20% on cost

Fixtures, fittings & equipment

-

20% on cost

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases

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 4 (2024 - 5 ) .

4.	Tangible fixed assets

Fixtures,

Plant and

fittings

machinery

& equipment

Totals

£

£

£

Cost

At 1 May 2024

and 30 April 2025

73,646

17,738

91,384

Depreciation

At 1 May 2024

65,554

17,452

83,006

Charge for year

5,503

286

5,789

At 30 April 2025

71,057

17,738

88,795

Net book value

At 30 April 2025

2,589

-

2,589

At 30 April 2024

8,092

286

8,378

5.

Debtors: amounts falling due within one year

30/4/25

30/4/24

£

£

Trade debtors

21,856

66,380

Other debtors

12,724

11,056

34,580

77,436

6.

Creditors: amounts falling due within one year

30/4/25

30/4/24

£

£

Bank loans and overdrafts

36,760

60,239

Taxation and social security

16,125

33,875

Other creditors

9,398

4,787

62,283

98,901

7.

Creditors: amounts falling due after more than one year

30/4/25

30/4/24

£

£

Bank loans

17,244

11,036

8.	Other financial commitments

At 30 April 2025 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £11,647 (2024 - £19,003) of which £7,356 (2024 - £7,356) was due within one year.

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

30/4/25

30/4/24

£

£

P Starkey

Balance outstanding at start of year

11,056

-

Amounts advanced

27,991

32,356

Amounts repaid

(26,323

)

(21,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,724

11,056

Advances to the director are interest free, unsecured and repayable on demand. The maximum balance outstanding during the year was £25,950. Advances include £12,559 on 31 July 2024. Repayments include £8,000 on 2 April 2025.