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REGISTERED NUMBER: 09295103 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PHOENIX FLOORING CONTRACTORS (UK)
LIMITED

PHOENIX FLOORING CONTRACTORS (UK)
LIMITED (REGISTERED NUMBER: 09295103)

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


PHOENIX FLOORING CONTRACTORS (UK)
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: R Langham





REGISTERED OFFICE: Unit 1
Brookfield Farm
Ermine Street
Huntingdon
PE28 4AB





REGISTERED NUMBER: 09295103 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

PHOENIX FLOORING CONTRACTORS (UK)
LIMITED (REGISTERED NUMBER: 09295103)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,090 7,910

CURRENT ASSETS
Stocks 6,838 1,500
Debtors 5 221,912 217,189
Cash at bank 19,366 20,306
248,116 238,995
CREDITORS
Amounts falling due within one year 6 174,414 185,293
NET CURRENT ASSETS 73,702 53,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,792

61,612

CREDITORS
Amounts falling due after more than one
year

7

(63,027

)

(31,667

)

PROVISIONS FOR LIABILITIES - (1,503 )
NET ASSETS 53,765 28,442

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 53,764 28,441
SHAREHOLDERS' FUNDS 53,765 28,442

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 director acknowledges his 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.

PHOENIX FLOORING CONTRACTORS (UK)
LIMITED (REGISTERED NUMBER: 09295103)

BALANCE SHEET - continued
31 March 2023


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 director and authorised for issue on 28 November 2023 and were signed by:





R Langham - Director


PHOENIX FLOORING CONTRACTORS (UK)
LIMITED (REGISTERED NUMBER: 09295103)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Phoenix Flooring Contractors (UK) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools and equipment - 25% on cost
Motor vehicles - 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

PHOENIX FLOORING CONTRACTORS (UK)
LIMITED (REGISTERED NUMBER: 09295103)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Tools and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 11,766 7,141 2,191 21,098
Additions 3,399 91,904 - 95,303
Disposals (2,000 ) (44,409 ) - (46,409 )
At 31 March 2023 13,165 54,636 2,191 69,992
DEPRECIATION
At 1 April 2022 5,053 7,141 994 13,188
Charge for year 3,292 15,575 548 19,415
Eliminated on disposal (2,000 ) (3,701 ) - (5,701 )
At 31 March 2023 6,345 19,015 1,542 26,902
NET BOOK VALUE
At 31 March 2023 6,820 35,621 649 43,090
At 31 March 2022 6,713 - 1,197 7,910

PHOENIX FLOORING CONTRACTORS (UK)
LIMITED (REGISTERED NUMBER: 09295103)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 91,904
Disposals (44,409 )
At 31 March 2023 47,495
DEPRECIATION
Charge for year 15,575
Eliminated on disposal (3,701 )
At 31 March 2023 11,874
NET BOOK VALUE
At 31 March 2023 35,621

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 172,466 177,968
Other debtors 49,446 39,221
221,912 217,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,037 -
Trade creditors 101,926 108,480
Taxation and social security 48,936 34,733
Other creditors 6,515 32,080
174,414 185,293

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,667 31,667
Hire purchase contracts 41,360 -
63,027 31,667

PHOENIX FLOORING CONTRACTORS (UK)
LIMITED (REGISTERED NUMBER: 09295103)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 48,397 -

9. RELATED PARTY DISCLOSURES

At 31 March 2023 other creditors include loans made to the company by its director amounting to £3,942 (2022 £25,446). The loans are interest free with no fixed date for repayment.

10. CONTROLLING PARTY

The controlling party is R Langham.