Phoenix Enhancement Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04757932 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Phoenix Enhancement Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J C Chancellor

S J Hall

SECRETARY:

Orpheus Corporation Limited

REGISTERED OFFICE:

141 Englishcombe Lane

Bath

BA2 2EL

REGISTERED NUMBER:

04757932 (England and Wales)

ACCOUNTANTS:

OCL Accountancy

141 Englishcombe Lane

Bath

BA2 2EL

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

56,179

94,556

56,179

94,556

CURRENT ASSETS

Debtors

251,982

247,916

Cash at bank and in hand

47,592

265

299,574

248,181

CREDITORS

Amounts falling due within one year

4

195,369

162,701

NET CURRENT ASSETS

104,205

85,480

TOTAL ASSETS LESS CURRENT LIABILITIES

160,384

180,036

CREDITORS

Amounts falling due after more than one year

4

(46,197

)

(69,473

)

PROVISIONS FOR LIABILITIES

(10,130

)

(17,259

)

NET ASSETS

104,057

93,304

CAPITAL AND RESERVES

Called up share capital

5

150

Profit and loss account

103,907

93,154

SHAREHOLDERS' FUNDS

104,057

93,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 21 November 2016 and were signed on its behalf by:

S J Hall - 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 January 2015).

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 2008, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost and 25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase

contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful

lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the

future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

53,000

AMORTISATION

At 1 September 2015

and 31 August 2016

53,000

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

211,310

Disposals

(18,947

)

At 31 August 2016

192,363

DEPRECIATION

At 1 September 2015

116,754

Charge for year

31,571

Eliminated on disposal

(12,141

)

At 31 August 2016

136,184

NET BOOK VALUE

At 31 August 2016

56,179

At 31 August 2015

94,556

4.

CREDITORS

Creditors include an amount of £ 24,528 (31.8.15 - £ 33,186 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

150

Ordinary A

£1

150

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2016 and 31 August 2015:

31.8.16

31.8.15

£

J C Chancellor

Balance outstanding at start of year

(64

)

(64

)

Amounts repaid

-

Balance outstanding at end of year

(64

)

(64

)

S J Hall

Balance outstanding at start of year

(64

)

(64

)

Amounts repaid

-

Balance outstanding at end of year

(64

)

(64

)