PHOEBUS POWER LTD
PHOEBUS POWER LTD
Registered number: 11803551
Unaudited ABRIDGED Financial Statements
For the Period
1 March 2022
to
31 March 2023
PHOEBUS POWER LTD
Unaudited Financial Statements
For the Period
1 March 2022
to
31 March 2023
Unaudited Financial Statements
Contents | |
Page | |
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Abridged Balance Sheet | 1—2 |
Notes to the Abridged Financial Statements | 3—4 |
Page 1
PHOEBUS POWER LTD
Abridged Balance Sheet
As At
31 March 2023
Abridged Balance Sheet
Registered number:
11803551
For the period ending 31 March 2023 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2023 in accordance with section 444(2A) of the Companies Act 2006.
31 March 2023 | 28 February 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Debtors |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 5 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 59,474 | 468 | |||
Page 1
Page 2
PHOEBUS POWER LTD
Abridged Balance Sheet (continued)
As At
31 March 2023
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
PHOEBUS POWER LTD
Notes to the Abridged Financial Statements
For the Period
1 March 2022
to
31 March 2023
Notes to the Abridged Financial Statements
1.
General Information
PHOEBUS POWER LTD
is a private company, limited by shares, incorporated in England & Wales, registered number
11803551
. The registered office is 71-75 SHELTON STREET,, LONDON, GREATER LONDON, WC2H 9JQ.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company for the foreseeable future.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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2.5.
Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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.
2.6.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5 (2022: NIL)
Page 3
Page 4
PHOEBUS POWER LTD
Notes to the Abridged Financial Statements (continued)
For the Period
1 March 2022
to
31 March 2023
4.
Tangible Assets
Total | |
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£ | |
Cost | |
As at
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Additions |
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As at
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Depreciation | |
As at
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Provided during the period |
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As at
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Net Book Value | |
As at
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As at
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5.
Share Capital
31 March 2023 | 28 February 2022 | ||
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£ | £ | ||
Allotted, Called up and fully paid |
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Page 4