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Registered number: 01987319
P.H. Limited
Financial Statements
For The Year Ended 31 August 2025
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court, 10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 01987319
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 184,000 184,000
Tangible Assets 5 14,281 15,033
198,281 199,033
CURRENT ASSETS
Stocks 6 14,700 13,850
Debtors 7 388,624 321,154
Cash at bank and in hand 9,655 23,014
412,979 358,018
Creditors: Amounts Falling Due Within One Year 8 (162,722 ) (138,268 )
NET CURRENT ASSETS (LIABILITIES) 250,257 219,750
TOTAL ASSETS LESS CURRENT LIABILITIES 448,538 418,783
Creditors: Amounts Falling Due After More Than One Year 9 (288,460 ) (253,460 )
NET ASSETS 160,078 165,323
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Share premium account 150,000 150,000
Income Statement 9,078 14,323
SHAREHOLDERS' FUNDS 160,078 165,323
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Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr K Latif
Director
27/05/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P.H. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01987319 . The registered office is 252 High Road, Willesden, London, NW10 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 5
Plant & Machinery 5
Fixtures & Fittings 0
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2024 184,000
As at 31 August 2025 184,000
Net Book Value
As at 31 August 2025 184,000
As at 1 September 2024 184,000
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5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2024 4,652 51,551 56,203
As at 31 August 2025 4,652 51,551 56,203
Depreciation
As at 1 September 2024 4,099 37,071 41,170
Provided during the period 28 724 752
As at 31 August 2025 4,127 37,795 41,922
Net Book Value
As at 31 August 2025 525 13,756 14,281
As at 1 September 2024 553 14,480 15,033
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
6. Stocks
2025 2024
£ £
Finished goods 14,700 13,850
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 19,644 25,605
Other debtors 368,980 295,549
388,624 321,154
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 24,334 17,413
Other loans Norcil Ltd 38,716 38,716
Other creditors 98,786 80,718
Taxation and social security 886 1,421
162,722 138,268
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 288,460 253,460
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
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