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Company Registration No. 12744659 (England and Wales)
Global Phoenix Limited Unaudited accounts for the year ended 31 July 2023
Global Phoenix Limited Unaudited accounts Contents
Page
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Global Phoenix Limited Company Information for the year ended 31 July 2023
Director
Lee Devaney
Company Number
12744659 (England and Wales)
Registered Office
8 The Armoury Boardwalk Way Southampton SO40 4AX United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Global Phoenix Limited Accountants' report
Accountants' report to the director of Global Phoenix Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Global Phoenix Limited for the year ended 31 July 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Global Phoenix Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Global Phoenix Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Global Phoenix Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Global Phoenix Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Global Phoenix Limited. You consider that Global Phoenix Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Global Phoenix Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 2 October 2023
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Global Phoenix Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,740 
1,279 
Current assets
Debtors
770 
765 
Cash at bank and in hand
35,826 
25,713 
36,596 
26,478 
Creditors: amounts falling due within one year
(19,250)
(15,469)
Net current assets
17,346 
11,009 
Net assets
20,086 
12,288 
Capital and reserves
Called up share capital
11 
11 
Profit and loss account
20,075 
12,277 
Shareholders' funds
20,086 
12,288 
For the year ending 31 July 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 2 October 2023 and were signed on its behalf by
Lee Devaney Director Company Registration No. 12744659
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Global Phoenix Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Global Phoenix Limited is a private company, limited by shares, registered in England and Wales, registration number 12744659. The registered office is 8 The Armoury, Boardwalk Way, Southampton, SO40 4AX, United Kingdom.
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.
3
Accounting policies
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.
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
25% reducing balance
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
1,845 
Additions
2,011 
At 31 July 2023
3,856 
Depreciation
At 1 August 2022
566 
Charge for the year
550 
At 31 July 2023
1,116 
Net book value
At 31 July 2023
2,740 
At 31 July 2022
1,279 
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Global Phoenix Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Accrued income and prepayments
770 
765 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,771 
2,595 
Taxes and social security
12,938 
11,645 
Loans from directors
1,172 
860 
Accruals
369 
369 
19,250 
15,469 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Lee Devaney
Director Current Account
(860)
12,421 
12,733 
(1,172)
(860)
12,421 
12,733 
(1,172)
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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