Company Registration No. 13388532 (England and Wales)
PHOENIX INDUSTRIAL TRAINING & DESIGN LTD
Unaudited accounts
for the year ended 31 May 2023
PHOENIX INDUSTRIAL TRAINING & DESIGN LTD
Unaudited accounts
Contents
PHOENIX INDUSTRIAL TRAINING & DESIGN LTD
Company Information
for the year ended 31 May 2023
Directors
Darren Clover
Dr Roger Howarth
Company Number
13388532 (England and Wales)
Registered Office
UNIT 2, GREENLINE BUSINESS PARK
WELLINGTON STREET
BURTON-ON-TRENT
DE14 2AS
ENGLAND
PHOENIX INDUSTRIAL TRAINING & DESIGN LTD
Statement of financial position
as at 31 May 2023
Tangible assets
1,270
2,502
Cash at bank and in hand
3,069
7,448
Creditors: amounts falling due within one year
(62,115)
(58,896)
Net current liabilities
(795)
(37,768)
Total assets less current liabilities
475
(35,266)
Creditors: amounts falling due after more than one year
(30,000)
-
Net liabilities
(29,525)
(35,266)
Called up share capital
2
2
Profit and loss account
(29,527)
(35,268)
Shareholders' funds
(29,525)
(35,266)
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by
Darren Clover
Director
Company Registration No. 13388532
PHOENIX INDUSTRIAL TRAINING & DESIGN LTD
Notes to the Accounts
for the year ended 31 May 2023
PHOENIX INDUSTRIAL TRAINING & DESIGN LTD is a private company, limited by shares, registered in England and Wales, registration number 13388532. The registered office is UNIT 2, GREENLINE BUSINESS PARK, WELLINGTON STREET, BURTON-ON-TRENT, DE14 2AS, ENGLAND.
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:
Computer equipment
33% straight line
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
51,895
13,680
Accrued income and prepayments
2,201
-
PHOENIX INDUSTRIAL TRAINING & DESIGN LTD
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,557
-
Trade creditors
12,159
18,255
Taxes and social security
1,113
3,118
Other creditors
24,403
20,403
Loans from directors
5,731
17,771
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
30,000
-
8
Transactions with related parties
Included in other creditors are loans to Phoenix Industrial Training Limited -£12,403 ( a company connected to R Howarth), Phoenix Industrial Training Midlands Limited - £3,000 ( a company connected to D Clover), Blue Cucumber Tours Limited - £4,000 and Mrs S Clover - £5,000
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).