Phox Cleave Limited 10601710 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Design and technical services Digita Accounts Production Advanced 6.30.9574.0 true true 10601710 2022-03-01 2023-02-28 10601710 2023-02-28 10601710 bus:OrdinaryShareClass1 2023-02-28 10601710 bus:OrdinaryShareClass2 2023-02-28 10601710 bus:OrdinaryShareClass3 2023-02-28 10601710 bus:OrdinaryShareClass4 2023-02-28 10601710 core:CurrentFinancialInstruments 2023-02-28 10601710 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 10601710 bus:SmallEntities 2022-03-01 2023-02-28 10601710 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 10601710 bus:FullAccounts 2022-03-01 2023-02-28 10601710 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 10601710 bus:RegisteredOffice 2022-03-01 2023-02-28 10601710 bus:Director1 2022-03-01 2023-02-28 10601710 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 10601710 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 10601710 bus:OrdinaryShareClass3 2022-03-01 2023-02-28 10601710 bus:OrdinaryShareClass4 2022-03-01 2023-02-28 10601710 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 10601710 countries:England 2022-03-01 2023-02-28 10601710 2021-03-01 2022-02-28 10601710 2022-02-28 10601710 bus:OrdinaryShareClass1 2022-02-28 10601710 bus:OrdinaryShareClass2 2022-02-28 10601710 bus:OrdinaryShareClass3 2022-02-28 10601710 bus:OrdinaryShareClass4 2022-02-28 10601710 core:CurrentFinancialInstruments 2022-02-28 10601710 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10601710

Phox Cleave Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Phox Cleave Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Phox Cleave Limited

Company Information

Director

Sarah Nadine Fletcher Cleave

Registered office

Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

Accountants

Paul Winston Limited
Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

 

Phox Cleave Limited

(Registration number: 10601710)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

480

Creditors: Amounts falling due within one year

5

(35,351)

(26,326)

Net liabilities

 

(35,351)

(25,846)

capital and reserves

 

Called up share capital

6

4

4

Profit and loss account

(35,355)

(25,850)

Shareholders' deficit

 

(35,351)

(25,846)

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 November 2023
 

.........................................
Sarah Nadine Fletcher Cleave
Director

 

Phox Cleave Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS
United Kingdom

These financial statements were authorised for issue by the director on 17 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Phox Cleave Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

4

Debtors

Current

2023
£

2022
£

Trade debtors

-

380

Other debtors

-

100

 

-

480

 

Phox Cleave Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

7

-

9,608

Directors' loan accounts

 

35,351

16,718

 

35,351

26,326

 

Phox Cleave Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary S of £1 each

1

1

1

1

Ordinary P of £1 each

1

1

1

1

Ordinary M of £1 each

1

1

1

1

Ordinary R of £1 each

1

1

1

1

 

4

4

4

4

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

-

9,608

8

Dividends

9

Related party transactions

 

Phox Cleave Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

9,505

9,358