Phoenix By Products Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08964615 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 28 March 2014 to 31 March 2015

for

Phoenix By Products Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D S Sawrij

A C Robbins

REGISTERED OFFICE:

Mayfield Farm

Canal Side

Hopwood

Birmingham

West Midlands

B48 7AA

REGISTERED NUMBER:

08964615 (England and Wales)

ACCOUNTANTS:

Clay & Associates Ltd

Clay Barn

Ipsley Court

Berrington Close

Redditch

Worcestershire

B98 0TD

FIXED ASSETS

Intangible assets

2

204,892

Tangible assets

3

1,200,365

1,405,257

CURRENT ASSETS

Debtors

11,913

Cash at bank

3,595

15,508

CREDITORS

Amounts falling due within one year

5,671

NET CURRENT ASSETS

9,837

TOTAL ASSETS LESS CURRENT LIABILITIES

1,415,094

CAPITAL AND RESERVES

Called up share capital

4

1

Share premium

1,573,289

Profit and loss account

(158,196

)

SHAREHOLDERS' FUNDS

1,415,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 July 2015 and were signed on its behalf by:

A C Robbins - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

10% on cost

Deferred tax

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

at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

256,115

At 31 March 2015

256,115

AMORTISATION

Amortisation for period

51,223

At 31 March 2015

51,223

NET BOOK VALUE

At 31 March 2015

204,892

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,316,209

Disposals

(50,000

)

At 31 March 2015

1,266,209

DEPRECIATION

Charge for period

90,844

Eliminated on disposal

(25,000

)

At 31 March 2015

65,844

NET BOOK VALUE

At 31 March 2015

1,200,365

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£0.01

1

On incorporation 1 Ordinary share of £0.01 was alloted and fully paid for cash at par.

On 28 May 2014 98 Ordinary shares of £0.01 each were alloted as fully paid at a premium of

£15,891.80 per share. Also on 28 May 2014 1 Ordinary share of £0.01 was alloted as fully paid at a

premium of £15,892.11.