Abbreviated Company Accounts - PHOENIX INDUSTRIAL FABRICS LIMITED

PHOENIX INDUSTRIAL FABRICS LIMITED - Company Information

01552373 PHOENIX INDUSTRIAL FABRICS LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 01552373 2015-08-01 2016-07-31 01552373 2016-07-31 01552373 2015-07-31 01552373 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 01552373 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 01552373

PHOENIX INDUSTRIAL FABRICS LIMITED

Abbreviated Accounts

31 July 2016

PHOENIX INDUSTRIAL FABRICS LIMITED Registered Number 01552373

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	61	81
		61	81
Current assets
Stocks		6,254	6,831
Debtors		58,243	55,883
Cash at bank and in hand		2,051	2,995
		66,548	65,709
Creditors: amounts falling due within one year		(104,011)	(97,988)
Net current assets (liabilities)		(37,463)	(32,279)
Total assets less current liabilities		(37,402)	(32,198)
Total net assets (liabilities)		(37,402)	(32,198)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(37,502)	(32,298)
Shareholders' funds		(37,402)	(32,198)

For the year ending 31 July 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 April 2017

And signed on their behalf by:
Mr N J Gadbury, Director

PHOENIX INDUSTRIAL FABRICS LIMITED Registered Number 01552373

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment - 25% reducing balance

Other accounting policies
Going Concern
The director of the company has confirmed that support will continue to be provided for a minimum of twelve months from the approval date of these accounts.

2Tangible fixed assets

	£
Cost
At 1 August 2015	5,985
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	5,985
Depreciation
At 1 August 2015	5,904
Charge for the year	20
On disposals	-
At 31 July 2016	5,924
Net book values
At 31 July 2016	61
At 31 July 2015	81

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100