Company Number: 12608072
PHIAH LTD
REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2025
31 May 2025
PAGES FOR FILING WITH REGISTRAR
1
PHIAH LTD
Company Information
Directors:
Mr Antony Brown
Mrs Nicola Brown
Company Number:
12608072
Registered Office:
Suite 64
Whittall Drive East
Kidderminster
DY11 7EQ
Accountants:
Steve Smith FCA
(Chartered Accountant)
38 Timbertree Road
Cradley Heath
West Midlands B64 7LE
2
PHIAH LTD
Contents
Page
Balance sheet
Notes to the financial statements
4
5
3
PHIAH LTD
BALANCE SHEET as at 31 May 2025
2025
2024
Notes
£
£
CALLED UP SHARE CAPITAL NOT PAID
2
2
FIXED ASSETS
Tangible assets
3
1,204
1,780
CURRENT ASSETS
Cash at bank
943
509
943
509
CREDITORS: Amounts falling due within one year
4
(622)
(540)
NET CURRENT ASSETS/ (LIABILITIES)
321
(31)
TOTAL ASSETS LESS CURRENT LIABILITIES
1,527
1,751
Provisions for liabilities and charges
5
(265)
(374)
NET ASSETS
1,262
1,377
CAPITAL AND RESERVES
Called-up equity share capital
6
2
2
Profit and loss account
1,260
1,375
SHAREHOLDERS FUNDS
1,262
1,377
For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities

- *

The members have not required the company to obtain an audit of its accounts for the year in accordance with section 476

- *

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

- *

These accounts have been prepared in accordance with the special provisions of the small companies' regime of the Companies Act 2006

- *

As permitted by s444(5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's Profit and Loss Account
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 December 2025.
4
Mr Antony Brown
PHIAH LTD
Notes to the financial statements
For the year ended 31 May 2025
1.
General Information
The company is a private company limited by shares and is incorporated and domiciled in England. The address of its registered office is Suite 64, Whittall Drive East, Kidderminster DY11 7EQ.
The financial statements of PHIAH Ltd have been prepared in compliance with United Kingdom Accounting Standards, including Section 1A Small Entities of Financial Reporting Standard 102. “The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland” (“FRS 102”) and the Companies Act 2006.
2.
Accounting Policies
Basis of preparation of financial statements
The financial statements have been prepared on the going concern basis, under the historical cost convention.
The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed below.
Turnover
Turnover comprises the invoiced value of services supplied by the company.
Cash Flow
The financial statements do not include a cash flow statement because the company, as a small reporting entity is exempt from the requirement to prepare such a statement.
Deferred taxation
Deferred taxation is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax at a future date, at rates expected to apply when they crystallise based on current tax rates and legislation. Timing differences arise from the inclusion of items of income and expenditure in the taxation computation in periods different from those in which they are included in the accounts.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. On the grounds of immateriality deferred tax assets and liabilities are not discounted.
Depreciation
Tangible fixed assets are valued at historic purchase cost less accumulated depreciation. Depreciation is provided to write off the cost less estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:
Computer equipment
3 years
Fixtures & fittings
3 years
Buildings – recording studio
5 years
5
PHIAH LTD
Notes to the financial statements
For the year ended 31 May 2025 (continued)
3.
Tangible fixed assets
Audio & Computer
Fixtures &
Buildings
Equipment
Fittings
Studio
Total
£
£
£
£
At 1 June 2024
Cost
4,356
4,066
3,972
12,394
Depreciation
(3,892)
(4,065)
(2,657)
(10,614)
Net book value
464
1
1,315
1,780
Year ended 31 May 2025
Opening net book value
464
1
1,315
1,780
Additions
754
-
-
754
Depreciation
(535)
(1)
(794)
(1,330)
Closing net book value
683
-
521
1,204
At 31 May 2025
Cost
5,110
4,066
3,972
13,148
Accumulated depreciation
(4,427)
(4,066)
(3,451)
(11,944)
Net book value
683
-
0
521
1,204
4.
Creditors: amounts falling due within one year.
2025
2024
£
£
Directors current account
140
45
Corporation tax
82
95
Accruals and deferred income
400
400
622
540
5.
Provisions for liabilities and charges – Deferred tax
6
2025
2024
£
£
Accelerated capital allowances
265
374
PHIAH LTD
Notes to the financial statements
For the year ended 31 May 2025 (continued)
6.
Share Capital
2025 & 2024
£
Authorised
2 Ordinary Equity shares of £1 each
Allotted, called up and unpaid
2 Ordinary Equity Shares of £1 each
2
2
7.
Related Party Transactions
The Company is under the control of Mr Antony Brown and Mrs Nicola Brown.
7
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