Phoenix Wharf Design Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09364358 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

PHOENIX WHARF DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Gwyther

P G Atherton

Mrs C E Menzies

Mrs S L Rowe

REGISTERED OFFICE:

Unit 1.1

Paintworks

Bath Road

Bristol

BS4 3EH

REGISTERED NUMBER:

09364358 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

8,739

4,910

CURRENT ASSETS

Debtors

5

57,037

33,301

Cash at bank

4,000

24,880

61,037

58,181

CREDITORS

Amounts falling due within one year

6

50,546

46,086

NET CURRENT ASSETS

10,491

12,095

TOTAL ASSETS LESS CURRENT LIABILITIES

19,230

17,005

PROVISIONS FOR LIABILITIES

1,661

933

NET ASSETS

17,569

16,072

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

17,469

15,972

SHAREHOLDERS' FUNDS

17,569

16,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 May 2019 and were signed on its behalf by:

Mrs S L Rowe - Director

C J Gwyther - Director

1.	STATUTORY INFORMATION

Phoenix Wharf Design Limited 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.

Turnover

Turnover 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2018

821

5,721

6,542

Additions

-

7,233

7,233

At 31 December 2018

821

12,954

13,775

DEPRECIATION

At 1 January 2018

340

1,292

1,632

Charge for year

204

3,200

3,404

At 31 December 2018

544

4,492

5,036

NET BOOK VALUE

At 31 December 2018

277

8,462

8,739

At 31 December 2017

481

4,429

4,910

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

22,260

33,004

Other debtors

34,777

297

57,037

33,301

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

13,845

7,216

Taxation and social security

19,555

26,380

Other creditors

17,146

12,490

50,546

46,086

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

75

Ordinary A

£1.00

75

75

Allotted and issued:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

25

Ordinary B

£1.00

25

25

8.

RESERVES

Retained

earnings

£

At 1 January 2018

15,972

Profit for the year

51,015

Dividends

(49,518

)

At 31 December 2018

17,469

9.	RELATED PARTY DISCLOSURES

During the year, directors received dividends totalling £49,518 (2017: £59,518). At the year

end the company did not owe money to its directors.

During the year the company invoiced Ignition DG Limited, an associated company,

£138,120 (2017: £161,335) and was invoiced by Ignition DG Limited £64,402 (2017:

£68,638). At the year end, the company owed £11,206 (2017: £1,102) to Ignition DG Limited

and this amount is included within trade creditors.

During the year, the company invoiced Caroline Partners Limited, an associated company,

£nil (2017: £8,542).

During the year, The Istoria Group Limited, an associated company (previously Blue Flint

Group Limited), paid expenses of £824 (2017: £824) on behalf of the company and the

company repaid amounts of £824 (2017: £893).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs C E Menzies.

11.	ULTIMATE PARENT COMPANY

The ultimate parent company is The Istoria Group Limited (previously Blue Flint Group

Limited) by virtue of its majority shareholding.