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REGISTERED NUMBER: 04302384 (England and Wales)






BPM Phoenix Limited

Financial Statements

for the Year Ended 31 March 2023






BPM Phoenix Limited (Registered number: 04302384)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BPM Phoenix Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mr D Petts
Mr G Marsden
Mr C Senior



SECRETARY: Mr D Petts



REGISTERED OFFICE: 33 George Street
Wakefield
West Yorkshire
WF1 1LX



REGISTERED NUMBER: 04302384 (England and Wales)



ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX



BANKERS: Barclays Bank PLC
Trinity Walk Shopping Centre
Teall Way
Wakefield
West Yorkshire
WF1 1QS

BPM Phoenix Limited (Registered number: 04302384)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 26,087 30,733

CURRENT ASSETS
Stocks 289,283 313,011
Debtors 5 217,960 133,763
Cash at bank 108 108
507,351 446,882
CREDITORS
Amounts falling due within one year 6 409,454 331,735
NET CURRENT ASSETS 97,897 115,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,984

145,880

CREDITORS
Amounts falling due after more than one
year

7

(30,000

)

(40,493

)

PROVISIONS FOR LIABILITIES (4,517 ) (5,303 )
NET ASSETS 89,467 100,084

BPM Phoenix Limited (Registered number: 04302384)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 9 40,002 40,002
Retained earnings 49,465 60,082
SHAREHOLDERS' FUNDS 89,467 100,084

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

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

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 4 October 2023 and were signed on its behalf by:




Mr D Petts - Director Mr G Marsden - Director




Mr C Senior - Director


BPM Phoenix Limited (Registered number: 04302384)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

BPM Phoenix Limited 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.

The company's business address is Unit B Crystal Works, Union Road, Liversedge, Heckmondwike, WF15 7JE.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Fixed assets are initially recorded at cost.

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

BPM Phoenix Limited (Registered number: 04302384)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the balance sheet when and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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.

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 6 (2022 - 7 ) .

BPM Phoenix Limited (Registered number: 04302384)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 April 2022 298,544 17,380 15,653 5,552 337,129
Additions 4,500 - - - 4,500
Disposals (1,635 ) - - - (1,635 )
At 31 March 2023 301,409 17,380 15,653 5,552 339,994
DEPRECIATION
At 1 April 2022 268,822 16,434 15,653 5,487 306,396
Charge for year 8,824 257 - 65 9,146
Eliminated on disposal (1,635 ) - - - (1,635 )
At 31 March 2023 276,011 16,691 15,653 5,552 313,907
NET BOOK VALUE
At 31 March 2023 25,398 689 - - 26,087
At 31 March 2022 29,722 946 - 65 30,733

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 213,679 121,505
Tax 1,228 9,018
Prepayments and accrued income 3,053 3,240
217,960 133,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 56,291 55,750
Trade creditors 268,080 170,435
Tax - 2,848
Social security and other taxes 9,205 2,969
VAT 14,663 22,589
Other creditors 25,840 24,938
Directors' current accounts 23,000 33,000
Accruals and deferred income 12,375 19,206
409,454 331,735

BPM Phoenix Limited (Registered number: 04302384)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 10,000 9,747
Bank loans - 2-5 years 20,000 30,746
30,000 40,493

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank overdrafts 46,291 46,243

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
40,002 Ordinary £1 40,002 40,002