Phoenix Transport Group Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05520871

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

PHOENIX TRANSPORT GROUP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

J V Flockhart

R L Flockhart

SECRETARY:

J V Flockhart

REGISTERED OFFICE:

Phoenix House

River Gardens

Feltham

Middlesex

TW14 0RD

REGISTERED NUMBER:

05520871

ACCOUNTANTS:

THP Limited

Chartered Accountants

Turnbull House

226 Mulgrave Road

Cheam

Sutton

Surrey

SM2 6JT

FIXED ASSETS

Investments

2

200

200

CURRENT ASSETS

Debtors

174,502

188,832

CREDITORS

Amounts falling due within one year

3

59,174

39,317

NET CURRENT ASSETS

115,328

149,515

TOTAL ASSETS LESS CURRENT LIABILITIES

115,528

149,715

CREDITORS

Amounts falling due after more than one year

3

139,103

173,290

NET LIABILITIES

(23,575

)

(23,575

)

CAPITAL AND RESERVES

Called up share capital

4

201

201

Profit and loss account

(23,776

)

(23,776

)

SHAREHOLDERS' FUNDS

(23,575

)

(23,575

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 16 December 2014 and were signed on its behalf by:

J V Flockhart - Director

R L Flockhart - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements - going concern

The director, J V Flockhart, has confirmed her commitment to provide financial support to the company and

its subsidiaries in order to meet its financial obligations as they fall due. The accounts are therefore prepared

on the going concern basis.

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 April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Phoenix Transport Group Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the

option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2013

and 31 March 2014

200

NET BOOK VALUE

At 31 March 2014

200

At 31 March 2013

200

The company's investments at the balance sheet date in the share capital of companies include the following:

Phoenix Truck & Trailer Maintenance Ltd

Nature of business: Repair and maintenance of commercial vehicles

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

(9,714

)

(177,358

)

Profit for the year

167,644

17,927

Paige Hire Fleet Management Limited

Nature of business: Hire of commercial vehicles

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

86,159

86,998

(Loss)/profit for the year

(839

)

26,290

3.

CREDITORS

Creditors include an amount of £ 198,277 (2013 - £ 212,607 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

57,761

80,209

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

201

Ordinary

£1

201

201

5.	GOING CONCERN

The director, J V Flockhart, has confirmed her intention to provide financial support as and when necessary to

enable the company and its subsidiaries to continue in operation for at least twelve months following the

approval of these accounts.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Phoenix Transport Group Limited for the year ended 31 March 2014 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Phoenix Transport Group Limited, as a body, in accordance with

our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements

of Phoenix Transport Group Limited and state those matters that we have agreed to state to the Board of Directors of

Phoenix Transport Group Limited, as a body, in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone

other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Phoenix Transport Group Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Phoenix Transport Group Limited. You consider that Phoenix Transport Group Limited is exempt from the statutory

audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Phoenix Transport Group

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

We draw attention to note 1 in the financial statements in respect of going concern.

THP Limited

Chartered Accountants

Turnbull House

226 Mulgrave Road

Cheam

Sutton

Surrey

SM2 6JT

17 December 2014