Phoenix47 - Abbreviated accounts 16.3

REGISTERED NUMBER: 08777978 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

PHOENIX47 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss D F Isaac

A E Maddocks

SECRETARY:

Miss D F Isaac

REGISTERED OFFICE:

145-157 St John Street

London

EC1V 4PW

REGISTERED NUMBER:

08777978 (England and Wales)

ACCOUNTANTS:

Wynniatt-Husey Limited (Uttoxeter Branch)

The Old Bakehouse

Dove Walk

Uttoxeter

Staffordshire

ST14 8EH

FIXED ASSETS

5,648

Tangible assets

2

5,508

CURRENT ASSETS

-

Debtors

2,880

53,891

Cash at bank

28,365

53,891

31,245

CREDITORS

57,763

Amounts falling due within one year

35,427

(3,872

)

NET CURRENT LIABILITIES

(4,182

)

1,776

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,326

1,130

PROVISIONS FOR LIABILITIES

1,102

646

NET ASSETS

224

CAPITAL AND RESERVES

200

Called up share capital

3

200

446

Profit and loss account

24

646

SHAREHOLDERS' FUNDS

224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 8 August 2017 and were signed on its behalf by:

A E Maddocks - 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

7,378

Additions

3,852

Disposals

(1,755

)

At 30 November 2016

9,475

DEPRECIATION

At 1 December 2015

1,730

Charge for year

2,624

Eliminated on disposal

(387

)

At 30 November 2016

3,967

NET BOOK VALUE

At 30 November 2016

5,508

At 30 November 2015

5,648

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

200

Ordinary

£1

200