PHIL STREET BUILDERS LTD Accounts






	PHIL STREET BUILDERS LTD
	Company No. 08503991

	Information for Filing with The Registrar
	30 April 2026

The Directors present their report and the accounts for the year ended 30 April 2026.

Principal activities

The principal activity of the company during the year under review was Builders.
-

Directors

The Directors who served at any time during the year were as follows:

P.Street




The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

P.Street
Director
05 November 2026

at	30 April 2026
Company No.		08503991	Notes	2026	2025
				£	£
Fixed assets
	Tangible assets		4	2,125	18,410
	Investments		5	-	-
				2,125	18,410
Current assets
	Stocks		5	6,000	-
	Debtors		6	4,754	1,104
	Cash at bank and in hand			29,401	29,341
				40,155	30,445
Creditors: Amount falling due within one year			7	(30,716)	(38,595)
Net current assets/(liabilities)				9,439	(8,150)
Total assets less current liabilities				11,564	10,260
Provisions for liabilities
	Deferred taxation		8	(404)	(539)
	Other provisions		8	-	-
Net assets				11,160	9,721

Capital and reserves
	Called up share capital			2	2
	Profit and loss account			11,158	9,719

Total equity				11,160	9,721


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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.


As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 05 November 2026 and signed on its behalf by:
P.Street
Director
05 November 2026

for the year ended 30 April 2026

1

General information

PHIL STREET BUILDERS LTD is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 08503991

Its registered office is:

10 Princess Ann Square

Asfordby

Melton Mowbray

Leicestershire

LE13 1TT

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2

Accounting policies

Revenue Recognition

Revenue 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 and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% on reducing balance

Motor vehicles

25% on reducing balance

Furniture, fittings and equipment

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the assets capable of operated as intended.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

3	Employees
		2026	2025
		Number	Number
	The average monthly number of employees (including directors) during the year was:	1	1

4	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£	£
		Cost or revaluation
		At 1 May 2025	15,577	4,977	19,074	542	40,170
		Disposals	(15,577)	-	-	-	(15,577)
		At 30 April 2026	-	4,977	19,074	542	24,593
		Depreciation
		At 1 May 2025	-	4,068	17,166	526	21,760
		Charge for the year	-	227	477	4	708
		At 30 April 2026	-	4,295	17,643	530	22,468
		Net book values
		At 30 April 2026	-	682	1,431	12	2,125
		At 30 April 2025	15,577	909	1,908	16	18,410

5	Stocks
			2026	2025
			£	£
		Work in progress	6,000	-
			6,000	-

6	Debtors
			2026	2025
			£	£
		Other debtors	4,754	1,104
			4,754	1,104

7	Creditors:
		amounts falling due within one year
			2026	2025
			£	£
		Trade creditors	6,324	2,717
		Taxes and social security	7,744	7,279
		Loans from directors	15,923	27,899
		Accruals and deferred income	725	700
			30,716	38,595

8

Share Capital

Share capital is made up of 2 Ordinary £1 shares that have been Allotted, issued and fully paid.