P H PRODUCTION SERVICES LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04656554 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2020

FOR

P H PRODUCTION SERVICES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

P O Herbert

J C Herbert

REGISTERED OFFICE:

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

REGISTERED NUMBER:

04656554 (England and Wales)

ACCOUNTANTS:

Curtis Accountants Ltd

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

46,375

58,634

46,375

58,634

CURRENT ASSETS

Debtors

6

24,873

20,838

Cash at bank

29,753

20,367

54,626

41,205

CREDITORS

Amounts falling due within one year

7

21,135

31,217

NET CURRENT ASSETS

33,491

9,988

TOTAL ASSETS LESS CURRENT LIABILITIES

79,866

68,622

CREDITORS

Amounts falling due after more than one year

8

(8,066

)

-

PROVISIONS FOR LIABILITIES

9

(8,811

)

(11,140

)

NET ASSETS

62,989

57,482

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

62,988

57,481

SHAREHOLDERS' FUNDS

62,989

57,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2020 and were signed on its behalf by:

J C Herbert - Director

1.	STATUTORY INFORMATION

P H PRODUCTION SERVICES LTD 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.

There were no material departures from that standard.

The financial statements have been prepared on a going concern basis which assumes that the Company will continue

in operational existence for the foreseeable future.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of

the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 2 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2019

and 29 February 2020

7,500

AMORTISATION

At 1 March 2019

and 29 February 2020

7,500

NET BOOK VALUE

At 29 February 2020

-

At 28 February 2019

-

5.	PROPERTY, PLANT AND EQUIPMENT

Motor

Equipment

vehicles

Totals

£

£

£

COST

At 1 March 2019

81,217

18,100

99,317

Additions

3,213

-

3,213

At 29 February 2020

84,430

18,100

102,530

DEPRECIATION

At 1 March 2019

36,158

4,525

40,683

Charge for year

12,078

3,394

15,472

At 29 February 2020

48,236

7,919

56,155

NET BOOK VALUE

At 29 February 2020

36,194

10,181

46,375

At 28 February 2019

45,059

13,575

58,634

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2019

and 29 February 2020

18,100

DEPRECIATION

At 1 March 2019

4,525

Charge for year

3,394

At 29 February 2020

7,919

NET BOOK VALUE

At 29 February 2020

10,181

At 28 February 2019

13,575

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

14,073

11,331

Prepayments

6,785

5,507

Inter-company loan

4,015

4,000

24,873

20,838

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

4,033

-

Trade creditors

14

19,547

Tax

5,498

1,861

VAT

7,004

888

Directors' current accounts

1,019

4,087

Creditors and accruals

3,567

4,834

21,135

31,217

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

8,066

-

9.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

8,811

11,140

Deferred

tax

£

Balance at 1 March 2019

11,140

Provided during year

(2,329

)

Balance at 29 February 2020

8,811

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain

other primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of P H PRODUCTION SERVICES LTD for the year ended 29 February 2020 which comprise the Statement of

Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of P H PRODUCTION SERVICES LTD, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P H PRODUCTION SERVICES LTD and state those matters that we have agreed to state to the Board of Directors of P H PRODUCTION SERVICES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P H PRODUCTION SERVICES LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P H PRODUCTION SERVICES LTD. You consider that P H PRODUCTION SERVICES LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P H PRODUCTION SERVICES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Curtis Accountants Ltd

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

30 September 2020