Company Registration No. 10144637 (England and Wales)
PHOENIX INDUSTRIAL TRAINING LTD
Unaudited accounts
for the year ended 31 March 2023
PHOENIX INDUSTRIAL TRAINING LTD
Unaudited accounts
Contents
PHOENIX INDUSTRIAL TRAINING LTD
Company Information
for the year ended 31 March 2023
Company Number
10144637 (England and Wales)
Registered Office
7 BRO INFRYN,
GLASINFRYN
BANGOR
GWYNEDD
LL57 4UR
WALES
PHOENIX INDUSTRIAL TRAINING LTD
Statement of financial position
as at 31 March 2023
Tangible assets
19,537
25,371
Cash at bank and in hand
6,902
3,163
Creditors: amounts falling due within one year
(48,184)
(17,233)
Net current (liabilities)/assets
(29,193)
1,378
Total assets less current liabilities
(9,656)
26,749
Creditors: amounts falling due after more than one year
(35,034)
(49,602)
Net liabilities
(44,690)
(22,853)
Called up share capital
1
1
Profit and loss account
(44,691)
(22,854)
Shareholders' funds
(44,690)
(22,853)
For the year ending 31 March 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
Dr Roger Howarth
Director
Company Registration No. 10144637
PHOENIX INDUSTRIAL TRAINING LTD
Notes to the Accounts
for the year ended 31 March 2023
PHOENIX INDUSTRIAL TRAINING LTD is a private company, limited by shares, registered in England and Wales, registration number 10144637. The registered office is 7 BRO INFRYN,, GLASINFRYN, BANGOR, GWYNEDD, LL57 4UR, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
9,000
24,924
525
5,659
40,108
At 31 March 2023
9,000
24,924
525
5,659
40,108
At 1 April 2022
4,008
6,617
310
3,802
14,737
Charge for the year
998
3,661
43
1,132
5,834
At 31 March 2023
5,006
10,278
353
4,934
20,571
At 31 March 2023
3,994
14,646
172
725
19,537
At 31 March 2022
4,992
18,307
215
1,857
25,371
Amounts falling due within one year
Trade debtors
10,314
12,798
PHOENIX INDUSTRIAL TRAINING LTD
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
20,439
8,082
Taxes and social security
302
1,459
Loans from directors
18,243
2,483
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,554
15,501
8
Average number of employees
During the year the average number of employees was 3 (2022: 6).