The preservation of 'developed' samples is not worth the trouble. From a chemist point of view, i c so many problems that it's not worth doing.
Here's my recommendation. Make up standard solutions of Phosphate & Nitrate. According to standard methods, there is no recommended preservative for phosphate solutions so i'd use ~0.1% H2SO4 to reduce the pH < 2.0. For nitrates, the recommended preservative is either acid (if you aren't trying to determine nitrites, which i don't recommend getting into) or Chloroform (CHCl3) @ 2 mL per L. These standards should be stored in the refrigerator. Now, whenever you do an analysis, you should analyze one of the standard solutions and a blank in order to verify that your test kit is working properly. If it is not, then you have a positive and negative check and can determine what the problem is (usually it's contamination in the blank or a bad reagent, which would affect the color development of the standard).
Now here is why i do not think it is a good idea to try to make up developed samples and 'preserve' them. For phosphate analysis, the samples are probably analyzed by the ascorbic acid method. These samples will continue to develop in color over time and so your color references will change as well. The method states that samples should be analyzed between 5 and 30 minutes after adding the reagents.
I admit that i'm much less familiar with nitrate analysis, but looking at the recommended guidelines for sample collection for nitrate analysis (and nitrite analysis as well), these samples are simply prone to bacterial degredation (which is why the recommended preservative is chloroform). I just don't see samples of these being stable.
As for nitrate analysis over 20 ppm, that's a problem with the sample, not the test kit. You are simply trying to analyze a sample outside of the accepted analytical range of the test kit and would need to dilute your sample to get it within range. Try taking 1 drop of the over range sample and adding 4 drops of DI water for a 20% dilution and checking the color then.