REGISTERED NUMBER: 08466691 (England and Wales)

PHOS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D Cadisch

J S T Cadisch

A F T Cadisch

REGISTERED OFFICE:

Unit 2 The I O Centre

Hatfield

Herts

Londn

AL10 9EW

REGISTERED NUMBER:

08466691 (England and Wales)

ACCOUNTANTS:

Beavis Morgan LLP

3rd Floor

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

96,570

149,456

96,570

149,456

CURRENT ASSETS

Stocks

4,140,431

3,815,410

Debtors

6

1,847,354

697,244

Cash at bank

60,075

66,199

6,047,860

4,578,853

CREDITORS

Amounts falling due within one year

7

3,487,783

2,251,765

NET CURRENT ASSETS

2,560,077

2,327,088

TOTAL ASSETS LESS CURRENT LIABILITIES

2,656,647

2,476,544

PROVISIONS FOR LIABILITIES

17,273

18,852

NET ASSETS

2,639,374

2,457,692

CAPITAL AND RESERVES

Called up share capital

8

125

125

Retained earnings

2,639,249

2,457,567

SHAREHOLDERS' FUNDS

2,639,374

2,457,692

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2026 and were signed on its behalf by:

S D Cadisch - Director

1.	STATUTORY INFORMATION

Phos 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as

follows:

Asset classAmortisation method and rate

Goodwill 5 years straight line

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% 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.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Development costs

Research and development expenditure is written off as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2024 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

9,000

AMORTISATION

At 1 January 2025

and 31 December 2025

9,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

5,852

255,059

34,449

110,356

405,716

Additions

42,800

15,427

-

-

58,227

Disposals

-

-

(7,650

)

-

(7,650

)

At 31 December 2025

48,652

270,486

26,799

110,356

456,293

DEPRECIATION

At 1 January 2025

3,754

175,388

10,674

66,444

256,260

Charge for year

8,501

78,785

10,208

10,219

107,713

Eliminated on disposal

-

-

(4,250

)

-

(4,250

)

At 31 December 2025

12,255

254,173

16,632

76,663

359,723

NET BOOK VALUE

At 31 December 2025

36,397

16,313

10,167

33,693

96,570

At 31 December 2024

2,098

79,671

23,775

43,912

149,456

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,592,130

498,719

Other debtors

123,458

123,645

Tax

62,179

-

VAT

-

22,470

Prepayments

69,587

52,410

1,847,354

697,244

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,134,754

373,515

Tax

-

28,828

Social security and other taxes

62,698

57,556

VAT

371,264

-

Other creditors

796,935

654,242

Directors' current accounts

713,909

713,909

Accrued expenses

408,223

423,715

3,487,783

2,251,765

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

125

Ordinary

£1

125

125

9.	ULTIMATE CONTROLLING PARTY

The immediate parent is Phos International Limited and the ultimate parent is Furr Investment Limited.