REGISTERED NUMBER: 08549370 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Phul Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P S Dev

Mrs K K Dev

SECRETARY:

Mrs K K Dev

REGISTERED OFFICE:

14 Hitchin Road

Letchworth Garden City

Hertfordshire

SG6 3LT

REGISTERED NUMBER:

08549370 (England and Wales)

ACCOUNTANTS:

Coombs Chartered Accountants

164 Bedford Road

Kempston

Bedford

Bedfordshire

MK42 8BH

FIXED ASSETS

Intangible assets

4

221,490

234,075

Tangible assets

5

1,026,260

1,025,598

Investments

6

50

50

1,247,800

1,259,723

CURRENT ASSETS

Stocks

450

500

Debtors

7

262,610

245,405

Cash at bank

494,935

1,096,303

757,995

1,342,208

CREDITORS

Amounts falling due within one year

8

998,751

1,678,653

NET CURRENT LIABILITIES

(240,756

)

(336,445

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,007,044

923,278

PROVISIONS FOR LIABILITIES

-

1,900

NET ASSETS

1,007,044

921,378

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9

1,007,042

921,376

SHAREHOLDER FUNDS

1,007,044

921,378

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 18 May 2026 and were signed on its behalf by:

P S Dev - Director

1.	STATUTORY INFORMATION

Phul 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Changes in accounting policies

These financial statements for the year ended 31 March 2017. are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 April 2016.

The transition to FRS102 Section 1A small entities has resulted in no changes in accounting policies to those used previously and therefore there is no impact on opening equity and profit for the comparative period.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

in accordance with the property

Fixtures and fittings

-

at varying rates 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 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.

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 42 (2024 - 44 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

377,540

AMORTISATION

At 1 September 2024

143,465

Amortisation for year

12,585

At 31 August 2025

156,050

NET BOOK VALUE

At 31 August 2025

221,490

At 31 August 2024

234,075

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 September 2024

1,056,105

155,223

1,211,328

Additions

-

12,420

12,420

At 31 August 2025

1,056,105

167,643

1,223,748

DEPRECIATION

At 1 September 2024

66,007

119,723

185,730

Charge for year

2,640

9,118

11,758

At 31 August 2025

68,647

128,841

197,488

NET BOOK VALUE

At 31 August 2025

987,458

38,802

1,026,260

At 31 August 2024

990,098

35,500

1,025,598

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

and 31 August 2025

50

NET BOOK VALUE

At 31 August 2025

50

At 31 August 2024

50

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

81,730

33,730

Amounts owed by group undertakings

75,424

109,394

Other debtors

105,456

102,281

262,610

245,405

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

-

1,155

Amounts owed to group undertakings

25,005

-

Taxation and social security

59,161

79,162

Other creditors

914,585

1,598,336

998,751

1,678,653

9.

RESERVES

Retained

earnings

£

At 1 September 2024

921,376

Profit for the year

98,466

Dividends

(12,800

)

At 31 August 2025

1,007,042