REGISTERED NUMBER: 01624533 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

H. J. PHILLIPS & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs N L Phillips-Taylor

REGISTERED OFFICE:

Yspitty Road

Bynea

Llanelli

Carmarthenshire

SA14 9TD

REGISTERED NUMBER:

01624533 (England and Wales)

ACCOUNTANTS:

Cambrian & Co Ltd

13A Victoria Gardens

Neath

West Glamorgan

SA11 3AY

FIXED ASSETS

Tangible assets

4

367,845

344,987

CURRENT ASSETS

Stocks

184,179

192,319

Debtors

5

310,355

295,394

Cash at bank

180,610

155,068

675,144

642,781

CREDITORS

Amounts falling due within one year

6

438,404

378,694

NET CURRENT ASSETS

236,740

264,087

TOTAL ASSETS LESS CURRENT LIABILITIES

604,585

609,074

CREDITORS

Amounts falling due after more than one year

7

(7,039

)

(17,371

)

PROVISIONS FOR LIABILITIES

(9,452

)

(7,268

)

NET ASSETS

588,094

584,435

CAPITAL AND RESERVES

Called up share capital

16,968

16,965

Retained earnings

571,126

567,470

SHAREHOLDERS' FUNDS

588,094

584,435

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 August 2026 and were signed by:

Mrs N L Phillips-Taylor - Director

1.	STATUTORY INFORMATION

H. J. PHILLIPS & SON LIMITED 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.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost and 15% 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 Income Statement, 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 31 (2024 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2024

664,869

856,084

86,949

1,607,902

Additions

10,465

35,518

25,333

71,316

At 30 November 2025

675,334

891,602

112,282

1,679,218

DEPRECIATION

At 1 December 2024

362,713

816,693

83,509

1,262,915

Charge for year

17,053

29,239

2,166

48,458

At 30 November 2025

379,766

845,932

85,675

1,311,373

NET BOOK VALUE

At 30 November 2025

295,568

45,670

26,607

367,845

At 30 November 2024

302,156

39,391

3,440

344,987

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

171,740

155,959

Other debtors

129,992

129,153

Prepayments and accrued income

8,623

10,282

310,355

295,394

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

360,592

307,486

Tax

3,064

16,752

Social security and other taxes

17,456

14,850

VAT

53,542

36,106

Accrued expenses

3,750

3,500

438,404

378,694

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Other loans - 2-5 years

7,039

17,371

8.	RELATED PARTY DISCLOSURES

Other Debtors includes an amount of £21,810 (2024 £20,971) relating to a loan to S Phillips a close member of the directors' family. This loan is subject to interest at the official rate and due for repayment within the next 12 months.

Included in trade debtors is an amount of £3,581 (2024 £3,786) owed by close members of the directors family.

Other Debtors includes an amount of £80,000 (2024 £80,000) relating to an investment made by the company on 8th November 2007 with Canada Life. The investment, a single life flexible investment bond where the life assured is director Nicola Phillips-Taylor, has incorrectly shown her as the policyholder instead of the company. As confirmed by the solicitors acting, steps are now being taken to correct this but at the balance sheet date the policyholder was director Nicola Phillips-Taylor. The correct accounting treatment is therefore a debtor.

The Directors operate a current account with the company, the balance at the end of the year was £Nil.