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REGISTERED NUMBER: 11108730 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

PHOENIX AV INSTALLATIONS LTD

PHOENIX AV INSTALLATIONS LTD (Registered number: 11108730)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

PHOENIX AV INSTALLATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: D J Ottley
M A Davenport
M J Moss
P J Clark





REGISTERED OFFICE: 1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB





REGISTERED NUMBER: 11108730 (England and Wales)





ACCOUNTANTS: Curtis Accountants Ltd
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB

PHOENIX AV INSTALLATIONS LTD (Registered number: 11108730)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 29,994 18,840

CURRENT ASSETS
Inventories 5 2,300 1,500
Debtors 6 81,204 43,486
Cash at bank 5,923 64,739
89,427 109,725
CREDITORS
Amounts falling due within one year 7 56,150 63,778
NET CURRENT ASSETS 33,277 45,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,271

64,787

CREDITORS
Amounts falling due after more than one
year

8

(56,117

)

(57,109

)

PROVISIONS FOR LIABILITIES 9 (5,699 ) (3,580 )
NET ASSETS 1,455 4,098

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 1,351 3,994
SHAREHOLDERS' FUNDS 1,455 4,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

PHOENIX AV INSTALLATIONS LTD (Registered number: 11108730)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2022 and were signed on its behalf by:




D J Ottley - Director M A Davenport - Director




M J Moss - Director P J Clark - Director


PHOENIX AV INSTALLATIONS LTD (Registered number: 11108730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

PHOENIX AV INSTALLATIONS LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The financial statements have been prepared on a going concern basis which assumes that the Company will continue in operational existence for the foreseeable future.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 7 ) .

PHOENIX AV INSTALLATIONS LTD (Registered number: 11108730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. PROPERTY, PLANT AND EQUIPMENT
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 January 2021 9,903 22,757 32,660
Additions 3,702 21,187 24,889
Disposals (2,248 ) (4,667 ) (6,915 )
At 31 December 2021 11,357 39,277 50,634
DEPRECIATION
At 1 January 2021 3,863 9,957 13,820
Charge for year 2,163 7,841 10,004
Eliminated on disposal (1,142 ) (2,042 ) (3,184 )
At 31 December 2021 4,884 15,756 20,640
NET BOOK VALUE
At 31 December 2021 6,473 23,521 29,994
At 31 December 2020 6,040 12,800 18,840

5. INVENTORIES
2021 2020
£    £   
Stocks 2,300 1,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 47,591 35,495
Other debtors 4,200 2,000
Directors' current accounts 22,726 2,209
Debtors and Prepayments 6,687 3,782
81,204 43,486

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 4,167 -
Hire purchase contracts 6,027 2,941
Trade creditors 6,905 9,554
Tax 15,577 17,944
Social security and other taxes 906 1,117
Pension creditor 127 -
VAT 19,866 26,502
Directors' current accounts - 2,320
Creditors and Accruals 2,575 3,400
56,150 63,778

PHOENIX AV INSTALLATIONS LTD (Registered number: 11108730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 1-2 years 4,167 4,167
Bank loans - 2-5 years 37,500 45,833
Hire purchase contracts 14,450 7,109
56,117 57,109

9. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 5,699 3,580

Deferred
tax
£   
Balance at 1 January 2021 3,580
Provided during year 2,119
Balance at 31 December 2021 5,699

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PHOENIX AV INSTALLATIONS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

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 AV INSTALLATIONS LTD for the year ended 31 December 2021 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of PHOENIX AV INSTALLATIONS LTD, 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 AV INSTALLATIONS LTD and state those matters that we have agreed to state to the Board of Directors of PHOENIX AV INSTALLATIONS LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 AV INSTALLATIONS LTD 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 AV INSTALLATIONS LTD. You consider that PHOENIX AV INSTALLATIONS LTD 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 AV INSTALLATIONS LTD. 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.






Curtis Accountants Ltd
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB


9 March 2022