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Phoenix Transmissions Limited
Registered Number:04967597
For the year ended 30 November 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2021
Phoenix Transmissions Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04967597
As at 30 November 2021
Phoenix Transmissions Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
36,110
44,887
3
36,110
44,887
Current assets
Inventories
350
5,965
4
Trade and other receivables
4,229
-
5
18,780
Cash and cash equivalents
45,736
51,701
23,359
Trade and other payables: amounts falling due within one
year
(4,626)
(28,006)
6
18,733
23,695
Net current assets
Total assets less current liabilities
59,805
63,620
Trade and other payables: amounts falling due after more
than one year
(43,240)
(35,346)
7
24,459
Net assets
20,380
Capital and reserves
Called up share capital
1
1
Retained earnings
24,458
20,379
24,459
20,380
Shareholders' funds
For the year ended 30 November 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Satwinder Nagi Director
These financial statements were approved and authorised for issue by the Board on 23 June 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2021
Phoenix Transmissions Limited
Notes to the Financial Statements
Statutory Information
Phoenix Transmissions Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04967597.
Registered address:
3 Stanhope Gate
Yorktown Business Park
Camberley
England
GU15 3DW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
15% Reducing balance
Computer equipment
20% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 30 November 2021
Phoenix Transmissions Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 December 2020
20,000
Disposals
(20,000)
At 30 November 2021
-
Amortisation
At 01 December 2020
20,000
(20,000)
On disposals
At 30 November 2021
-
Net book value
At 30 November 2021
-
At 30 November 2020
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 December 2020
78,816
661
12,000
51,155
15,000
At 30 November 2021
51,155
12,000
661
78,816
15,000
Provision for depreciation and impairment
At 01 December 2020
33,929
478
10,290
10,230
12,931
Charge for year
8,777
27
256
8,184
310
At 30 November 2021
42,706
505
10,546
18,414
13,241
At 30 November 2021
Net book value
1,759
32,741
1,454
156
36,110
At 30 November 2020
2,069
40,925
1,710
183
44,887
4. Inventories
2020
2021
£
£
Stocks
5,965
350
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6
For the year ended 30 November 2021
Phoenix Transmissions Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2020
2021
£
£
Other debtors
-
4,229
6. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
-
2,483
Taxation and social security
892
2,143
Other creditors
27,114
-
28,006
4,626
7. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Other creditors
35,346
43,240
8. Average number of persons employed
During the year the average number of employees was 2 (2020 : 2)
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