REGISTERED NUMBER: 02966417 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

PHASEDETAIL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C T Wilkins

I A Hinton

SECRETARY:

I A Hinton

REGISTERED OFFICE:

London Road

Bassetts Pole

Sutton Coldfield

West Midlands

B75 5SA

BUSINESS ADDRESS:

C/O Kingsbury Jig & Tool Group Limited

London Road

Bassetts Pole

Sutton Coldfield

West Midlands

B75 5SA

REGISTERED NUMBER:

02966417 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mark Fletcher BSc ACA

AUDITORS:

Crombies Accountants Limited

Chartered Accountants and Statutory Auditor

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

BANKERS:

Lloyds TSB Bank Plc

FIXED ASSETS

Investment property

4

100,000

100,000

CURRENT ASSETS

Debtors

5

91,978

116,983

Prepayments and accrued income

880

834

Cash at bank

20,001

20,001

112,859

137,818

CREDITORS

Amounts falling due within one year

6

84,769

86,000

NET CURRENT ASSETS

28,090

51,818

TOTAL ASSETS LESS CURRENT LIABILITIES

128,090

151,818

PROVISIONS FOR LIABILITIES

9,628

9,628

NET ASSETS

118,462

142,190

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Other reserves

39,000

39,000

Retained earnings

78,462

102,190

SHAREHOLDERS' FUNDS

118,462

142,190

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 Board of Directors and authorised for issue on 2 October 2026 and were signed on its behalf by:

C T Wilkins - Director

1.	STATUTORY INFORMATION

Phasedetail 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 as modified by the revaluation of certain assets.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 June 2025

and 31 May 2026

100,000

NET BOOK VALUE

At 31 May 2026

100,000

At 31 May 2025

100,000

Cost or valuation at 31 May 2026 is represented by:

£

Valuation in 2023

39,000

Cost

61,000

100,000

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

61,000

61,000

Investment property was valued on an open market basis on 30 January 2024 by KWB Property Management Limited .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

42,904

51,237

Other debtors

49,074

65,746

91,978

116,983

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

470

404

Other creditors

84,299

85,596

84,769

86,000

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Fletcher BSc ACA (Senior Statutory Auditor)

for and on behalf of Crombies Accountants Limited

8.	OTHER FINANCIAL COMMITMENTS

The company has given a guarantee on behalf of related parties in relation to bank liabilities.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is C T Wilkins, a director and majority shareholder of the ultimate parent company, Lichfield Machine Tools 1990 Limited.