Philip Hadley Limited - Filleted accounts

Registered number

04449218

Philip Hadley Limited

Filleted Accounts

31 August 2025

Philip Hadley Limited
Registered number:		04449218
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,879			130,033

Current assets
Stocks		101,500			151,932
Debtors	4	480			692
Investments held as current assets	5	2,588			2,588
Cash at bank and in hand		144,088			58,061
		248,656			213,273

Creditors: amounts falling due within one year	6	(147,368)			(249,245)

Net current assets/(liabilities)			101,288			(35,972)

Total assets less current liabilities			103,167			94,061

Creditors: amounts falling due after more than one year	7		(12,650)			(23,683)



Net assets			90,517			70,378

Capital and reserves
Called up share capital			1			1
Profit and loss account			90,516			70,377

Shareholder's funds			90,517			70,378

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Amy-Lea Hadley
Director
Approved by the board on 29 May 2026

Philip Hadley Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	133,409		3,670		9,250		146,329
	Disposals	(133,409)		-		-		(133,409)
	At 31 August 2025	-		3,670		9,250		12,920

	Depreciation
	At 1 September 2024	5,850		3,437		7,009		16,296
	Charge for the year	-		35		560		595
	On disposals	(5,850)		-		-		(5,850)
	At 31 August 2025	-		3,472		7,569		11,041

	Net book value
	At 31 August 2025	-		198		1,681		1,879
	At 31 August 2024	127,559		233		2,241		130,033


4	Debtors					2025		2024
£							£

	Deferred tax asset					480		692


5	Investments held as current assets					2025		2024
£							£
	Fair value
	Listed investments					2,588		2,588



6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					15,287		30,018
	Taxation and social security costs					1,041		2,255
	Other creditors					131,040		216,972
						147,368		249,245


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					12,500		23,383
	Other creditors					150		300
						12,650		23,683


8	Controlling party
	Mr D O'Brien who owns 100% of the issued share capital is the controlling party.



9	Other information

	Philip Hadley Limited is a private company limited by shares and incorporated in England. Its registered office is:
	PHL Timber Warehouse
	Charles Street
	Kilnhurst
	Mexborough
	S64 5TG