Company Registration No. 14017796 (England and Wales)
Equi Phoenix Ltd
Unaudited accounts
for the year ended 31 March 2023
Equi Phoenix Ltd
Unaudited accounts
Contents
Equi Phoenix Ltd
Company Information
for the year ended 31 March 2023
Director
Mrs Drusilla Butterfield
Company Number
14017796 (England and Wales)
Registered Office
7 Drovers Lane
Chagford
Newton Abbot
Devon
TQ13 8FQ
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons)
South Devon Accounting Ltd
6 Orchard Close
Ogwell
Newton Abbot
TQ12 6AL
Equi Phoenix Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
3,356
Creditors: amounts falling due within one year
(12,224)
Net current liabilities
(8,868)
Total assets less current liabilities
6,719
Creditors: amounts falling due after more than one year
(600)
Provisions for liabilities
Called up share capital
10
Profit and loss account
3,147
For the year ending 31 March 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 her 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 28 November 2023 and were signed on its behalf by
Mrs Drusilla Butterfield
Director
Company Registration No. 14017796
Equi Phoenix Ltd
Notes to the Accounts
for the year ended 31 March 2023
Equi Phoenix Ltd is a private company, limited by shares, registered in England and Wales, registration number 14017796. The registered office is 7 Drovers Lane, Chagford, Newton Abbot, Devon, TQ13 8FQ.
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 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:
Plant & machinery
25% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Computer equipment
25% Reducing Balance Basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
2,508
17,000
1,275
20,783
At 31 March 2023
2,508
17,000
1,275
20,783
Charge for the year
627
4,250
319
5,196
At 31 March 2023
627
4,250
319
5,196
At 31 March 2023
1,881
12,750
956
15,587
Equi Phoenix Ltd
Notes to the Accounts
for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023
Loans from directors
12,224
6
Creditors: amounts falling due after more than one year
2023
7
Average number of employees
During the year the average number of employees was 1.