Hunter Phoenix Training Limited Filleted accounts for Companies House (small and micro)

HUNTER PHOENIX TRAINING LTD - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-10 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14165022 2022-06-10 2023-06-30 14165022 2023-06-30 14165022 2022-06-09 14165022 bus:Director1 2022-06-10 2023-06-30 14165022 bus:Director2 2022-06-10 2023-06-30 14165022 core:WithinOneYear 2023-06-30 14165022 core:ShareCapital 2023-06-30 14165022 core:RetainedEarningsAccumulatedLosses 2023-06-30 14165022 bus:Director1 2023-06-30 14165022 bus:SmallEntities 2022-06-10 2023-06-30 14165022 bus:AuditExempt-NoAccountantsReport 2022-06-10 2023-06-30 14165022 bus:SmallCompaniesRegimeForAccounts 2022-06-10 2023-06-30 14165022 bus:PrivateLimitedCompanyLtd 2022-06-10 2023-06-30 14165022 bus:FullAccounts 2022-06-10 2023-06-30

COMPANY REGISTRATION NUMBER: 14165022

Hunter Phoenix Training Limited

Filleted Unaudited Financial Statements

30 June 2023

Hunter Phoenix Training Limited

Statement of Financial Position

30 June 2023

	30 Jun 23
Note	£

Fixed assets

Tangible assets	4	355

Current assets

Stocks		200
Debtors	5	3,793
Cash at bank and in hand		1,296
		-------
		5,289

Creditors: amounts falling due within one year	6	3,831
		-------
Net current assets		1,458
		-------
Total assets less current liabilities		1,813
		-------
Net assets		1,813
		-------

Capital and reserves

Called up share capital	1
Profit and loss account	1,812
	-------
Shareholders funds	1,813
	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Hunter Phoenix Training Limited

Statement of Financial Position (continued)

30 June 2023

These financial statements were approved by the board of directors and authorised for issue on 22 March 2024 , and are signed on behalf of the board by:

M Beard Esq	Ms K Henderson
Director	Director

Company registration number: 14165022

Hunter Phoenix Training Limited

Notes to the Financial Statements

Period from 10 June 2022 to 30 June 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2, Kiln Acre Business Park, Wickham Road, Fareham, PO16 7JS, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Tangible assets

	Equipment
	£
Cost
At 10 June 2022	–
Additions	474
	----
At 30 June 2023	474
	----
Depreciation
At 10 June 2022	–
Charge for the period	119
	----
At 30 June 2023	119
	----
Carrying amount
At 30 June 2023	355
	----

5. Debtors

	30 Jun 23
	£
Other debtors	3,793
	-------

6. Creditors: amounts falling due within one year

	30 Jun 23
	£
Corporation tax	808
Other creditors	3,023
	-------
	3,831
	-------

7. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	30 Jun 23
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
M Beard Esq	–	( 1,582)	( 1,582)
	----	-------	-------