Phase 4 Computers Ltd

Phase 4 Computers Ltd
Balance Sheet
As at 31 October 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	16,400	20,500
		16,400	20,500
Current assets
Stocks	5	3,500	2,632
Debtors	6	2,095	(224)
Cash at bank and in hand		1,788	7,213
		7,383	9,621
Creditors: amount falling due within one year	7	(146,982)	(145,816)
Net current assets		(139,599)	(136,195)

Total assets less current liabilities		(123,199)	(115,695)
Creditors: amount falling due after more than one year	8	(16,739)	(17,139)
Net assets		(139,938)	(132,834)

Capital and reserves
Called up share capital		1	1
Profit and loss account		(139,939)	(132,835)
Shareholders' funds		(139,938)	(132,834)

For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 20 October 2026 and were signed on its behalf by:

-------------------------------
Richard Towers-Forth
Director

Phase 4 Computers Ltd
Notes to the Financial Statements
For the year ended 31 October 2025

General Information

Phase 4 Computers Ltd is a private company, limited by shares, registered in England and Wales, registration number 11602779, registration address 28 Regent Parade, Harrogate, North Yorkshire, HG1 5AZ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 3 (2024 : 3).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 November 2024	41,000	41,000
Additions	-	-
Disposals	-	-
At 31 October 2025	41,000	41,000
Amortisation
At 01 November 2024	20,500	20,500
Charge for year	4,100	4,100
On disposals	-	-
At 31 October 2025	24,600	24,600
Net book values
At 31 October 2025	16,400	16,400
At 31 October 2024	20,500	20,500

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 November 2024	2,775	2,775
Additions	-	-
Disposals	-	-
At 31 October 2025	2,775	2,775
Depreciation
At 01 November 2024	2,775	2,775
Charge for year	-	-
On disposals	-	-
At 31 October 2025	2,775	2,775
Net book values
Closing balance as at 31 October 2025	-	-
Opening balance as at 01 November 2024	-	-

Stocks

	2025 £		2024 £
Stocks	3,500		2,632
	3,500		2,632

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	762	776
Other Debtors	1,333	0
	2,095	776

Debtors: amounts falling due after one year

	2025 £		2024 £
Other Debtors	0		(1,000)
	0		(1,000)

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	10,931	8,689
Bank Loans & Overdrafts	0	8,983
Taxation and Social Security	61,767	52,645
Other Creditors	74,284	75,499
	146,982	145,816

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	16,739		17,139
	16,739		17,139

Advances and Credits

Richard and Hayley Towers-Forth
During the year ended 31st October 2025, an additional loan of £40,704 was made from the Directors to the Company, and the Company repaid £52,372 to the Directors.

Current year (2025)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Richard and Hayley Towers-Forth	26,321		40,704		0		52,372		0		0		14,653
	26,321		40,704		0		52,372		0		0		14,653

Previous year (2024)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Richard and Hayley Towers-Forth	8,081		18,240		0		0		0		0		26,321
	8,081		18,240		0		0		0		0		26,321