Company Registration No. 11119805 (England and Wales)
PHOENIXC NORTH & MIDLANDS LIMITED
Unaudited accounts
for the year ended 31 October 2023
PHOENIXC NORTH & MIDLANDS LIMITED
Unaudited accounts
Contents
PHOENIXC NORTH & MIDLANDS LIMITED
Company Information
for the year ended 31 October 2023
Directors
Marcos Gurney
Ian McDermott
Matthew Auger
Company Number
11119805 (England and Wales)
Registered Office
UNIT 5 FIRST FLOOR ANCELLS COURT
RYE CLOSE
FLEET
HAMPSHIRE
GU51 2UY
ENGLAND
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
PHOENIXC NORTH & MIDLANDS LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
13,412
18,267
Cash at bank and in hand
61,143
126,383
Creditors: amounts falling due within one year
(140,832)
(190,401)
Net current assets
74,899
41,429
Called up share capital
500
500
Profit and loss account
87,811
59,196
Shareholders' funds
88,311
59,696
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2024 and were signed on its behalf by
Marcos Gurney
Director
Company Registration No. 11119805
PHOENIXC NORTH & MIDLANDS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
PHOENIXC NORTH & MIDLANDS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11119805. The registered office is UNIT 5 FIRST FLOOR ANCELLS COURT, RYE CLOSE, FLEET, HAMPSHIRE, GU51 2UY, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
15% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
PHOENIXC NORTH & MIDLANDS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
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Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
32,474
9,194
41,668
At 31 October 2023
32,474
12,761
45,235
At 1 November 2022
20,403
2,998
23,401
Charge for the year
6,035
2,387
8,422
At 31 October 2023
26,438
5,385
31,823
At 31 October 2023
6,036
7,376
13,412
At 31 October 2022
12,071
6,196
18,267
Amounts falling due within one year
Trade debtors
64,127
44,633
Accrued income and prepayments
1,617
739
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
24,298
34,298
Trade creditors
4,248
14,422
Taxes and social security
62,878
56,184
Other creditors
11,374
3,401
Allotted, called up and fully paid:
500 Ordinary shares of £1 each
500
500
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Average number of employees
During the year the average number of employees was 9 (2022: 5).
