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REGISTERED NUMBER: 04552007 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PHOENIX HEALTHCARE PRODUCTS LTD

PHOENIX HEALTHCARE PRODUCTS LTD (REGISTERED NUMBER: 04552007)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHOENIX HEALTHCARE PRODUCTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: D Griffin
S R Rdzanek
R A Aston





SECRETARY: D Griffin





REGISTERED OFFICE: Unit 15, Calverton Business Park
Hoyle Road
Calverton
NOTTINGHAM
Nottinghamshire
NG14 6QL





REGISTERED NUMBER: 04552007 (England and Wales)





ACCOUNTANTS: Atkinson Evans Limited
Chartered Certified Accountants
The Old Drill Hall
10 Arnot Hill Road
Arnold
Nottingham
Nottinghamshire
NG5 6LJ

PHOENIX HEALTHCARE PRODUCTS LTD (REGISTERED NUMBER: 04552007)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 257,271 232,695
257,271 232,695

CURRENT ASSETS
Stocks 336,910 244,413
Debtors 6 330,888 206,535
Cash at bank and in hand 239,276 275,866
907,074 726,814
CREDITORS
Amounts falling due within one year 7 275,429 199,642
NET CURRENT ASSETS 631,645 527,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

888,916

759,867

PROVISIONS FOR LIABILITIES 50,662 38,219
NET ASSETS 838,254 721,648

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 838,153 721,547
SHAREHOLDERS' FUNDS 838,254 721,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 HEALTHCARE PRODUCTS LTD (REGISTERED NUMBER: 04552007)

BALANCE SHEET - continued
31ST MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th October 2023 and were signed on its behalf by:





D Griffin - Director


PHOENIX HEALTHCARE PRODUCTS LTD (REGISTERED NUMBER: 04552007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Phoenix Healthcare Products 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.

Turnover
Turnover represents the sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - at variable rates on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PHOENIX HEALTHCARE PRODUCTS LTD (REGISTERED NUMBER: 04552007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued

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 makes contributions to several employee defined contributions pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 150,000
AMORTISATION
At 1st April 2022
and 31st March 2023 150,000
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 375,786
Additions 178,742
Disposals (138,742 )
At 31st March 2023 415,786
DEPRECIATION
At 1st April 2022 143,091
Charge for year 35,442
Eliminated on disposal (20,018 )
At 31st March 2023 158,515
NET BOOK VALUE
At 31st March 2023 257,271
At 31st March 2022 232,695

PHOENIX HEALTHCARE PRODUCTS LTD (REGISTERED NUMBER: 04552007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 312,308 187,633
Other debtors 18,580 18,902
330,888 206,535

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 118,924 75,821
Taxation and social security 122,448 97,278
Other creditors 34,057 26,543
275,429 199,642

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 3,192 3,192
Between one and five years 2,394 5,584
5,586 8,776

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest has been charged at the official rate.