0 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 10271358 2022-08-01 2023-07-31 10271358 2023-07-31 10271358 2022-07-31 10271358 bus:Director1 2022-08-01 2023-07-31 10271358 core:WithinOneYear 2023-07-31 10271358 core:WithinOneYear 2022-07-31 10271358 core:ShareCapital 2023-07-31 10271358 core:ShareCapital 2022-07-31 10271358 core:RetainedEarningsAccumulatedLosses 2023-07-31 10271358 core:RetainedEarningsAccumulatedLosses 2022-07-31 10271358 bus:SmallEntities 2022-08-01 2023-07-31 10271358 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10271358 bus:FullAccounts 2022-08-01 2023-07-31 10271358 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10271358 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 10271358
Phoenix Fire and Security Limited
Filleted Unaudited Financial Statements
31 July 2023
Phoenix Fire and Security Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Current assets
Stocks
800
2,556
Cash at bank and in hand
2,233
4,670
-------
-------
3,033
7,226
Creditors: amounts falling due within one year
4
10,656
8,623
--------
-------
Net current liabilities
7,623
1,397
-------
-------
Total assets less current liabilities
( 7,623)
( 1,397)
-------
-------
Net liabilities
( 7,623)
( 1,397)
-------
-------
Capital and reserves
Called up share capital
10
10
Profit and loss account
( 7,633)
( 1,407)
-------
-------
Shareholders deficit
( 7,623)
( 1,397)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 April 2024 , and are signed on behalf of the board by:
Mr G Hewitt
Director
Company registration number: 10271358
Phoenix Fire and Security Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Boathouse business centre, Harbour Square, Nene Parade, Wisbech, PE13 3BH, Cambs.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the balance sheet date the liabilities of the company exceeded the assets by £7,623 (2022:£1,397), however the company owes the director £9,199 at 31 July 2023 (2022: £6,535). The director is not seeking repayment of this loan in the foreseeable future, therefore the director feels it appropriate that the accounts are prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
4. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
789
1,088
Other creditors
9,867
7,535
--------
-------
10,656
8,623
--------
-------
5. Related party transactions
No transactions were underaken with related parties such as are required to be disclosed under FRS 102 Section 1A.