P H PRODUCTION SERVICES LTD - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04656554 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

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

7

DIRECTORS:

P O Herbert

J C Herbert

R J Coppock

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

48,709

35,409

48,709

35,409

CURRENT ASSETS

Debtors

6

39,674

26,521

Cash at bank

76,318

48,193

115,992

74,714

CREDITORS

Amounts falling due within one year

7

48,656

30,083

NET CURRENT ASSETS

67,336

44,631

TOTAL ASSETS LESS CURRENT LIABILITIES

116,045

80,040

CREDITORS

Amounts falling due after more than one year

8

-

(4,033

)

PROVISIONS FOR LIABILITIES

9

(9,255

)

(6,728

)

NET ASSETS

106,790

69,279

CAPITAL AND RESERVES

Called up share capital

12

10

Retained earnings

106,778

69,269

SHAREHOLDERS' FUNDS

106,790

69,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 16 January 2023 and were signed on its behalf by:

P O Herbert - Director

R J Coppock - 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

Computer equipment

-

33% on cost

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 3 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2021

and 28 February 2022

7,500

AMORTISATION

At 1 March 2021

and 28 February 2022

7,500

NET BOOK VALUE

At 28 February 2022

-

At 28 February 2021

-

5.	PROPERTY, PLANT AND EQUIPMENT

Motor

Computer

Equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2021

85,281

18,100

-

103,381

Additions

-

22,068

8,417

30,485

At 28 February 2022

85,281

40,168

8,417

133,866

DEPRECIATION

At 1 March 2021

57,508

10,464

-

67,972

Charge for year

6,952

7,427

2,806

17,185

At 28 February 2022

64,460

17,891

2,806

85,157

NET BOOK VALUE

At 28 February 2022

20,821

22,277

5,611

48,709

At 28 February 2021

27,773

7,636

-

35,409

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

Motor

vehicles

£

COST

At 1 March 2021

and 28 February 2022

18,100

DEPRECIATION

At 1 March 2021

10,464

Charge for year

1,909

At 28 February 2022

12,373

NET BOOK VALUE

At 28 February 2022

5,727

At 28 February 2021

7,636

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

31,236

15,683

Other debtors

2

2

Prepayments

4,406

6,821

Inter-company loan

4,030

4,015

39,674

26,521

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Hire purchase contracts

4,033

4,033

Trade creditors

12,647

1,677

Tax

12,498

6,841

Social security and other taxes

-

340

VAT

12,571

9,106

Directors' current accounts

2,834

2,369

Creditors and accruals

4,073

5,717

48,656

30,083

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Hire purchase contracts

-

4,033

9.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

9,255

6,728

Deferred

tax

£

Balance at 1 March 2021

6,728

Provided during year

2,527

Balance at 28 February 2022

9,255

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 28 February 2022 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

16 January 2023