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REGISTERED NUMBER: 08885386 (England and Wales)



















Financial Statements

for the Year Ended 31 July 2023

for

Phoenix Tavinor Special Projects Ltd

Phoenix Tavinor Special Projects Ltd (Registered number: 08885386)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phoenix Tavinor Special Projects Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: P R Walton
D J Christian
P A Doleman





REGISTERED OFFICE: Unit 3
Kingsfield Industrial Estate
Derby Road
Wirksworth
Derbyshire
DE4 4BG





REGISTERED NUMBER: 08885386 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Phoenix Tavinor Special Projects Ltd (Registered number: 08885386)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,131 3,784

CURRENT ASSETS
Stocks 57,762 38,757
Debtors 5 64,447 191,655
Cash at bank 117,055 73,043
239,264 303,455
CREDITORS
Amounts falling due within one year 6 144,527 123,294
NET CURRENT ASSETS 94,737 180,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,868

183,945

CREDITORS
Amounts falling due after more than one
year

7

20,000

30,000
NET ASSETS 77,868 153,945

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 77,864 153,941
SHAREHOLDERS' FUNDS 77,868 153,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Tavinor Special Projects Ltd (Registered number: 08885386)

Balance Sheet - continued
31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





P A Doleman - Director


Phoenix Tavinor Special Projects Ltd (Registered number: 08885386)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Phoenix Tavinor Special Projects Ltd 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 represents the amounts (excluding value added tax) derived from the provision of equipment and services to customers during the year. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving and obsolete items. Cost represents the invoiced cost of materials.

Net realisable value is based on the estimated selling price less further costs expected to be incurred to completion and disposal.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Phoenix Tavinor Special Projects Ltd (Registered number: 08885386)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 11,137 2,300 13,437
DEPRECIATION
At 1 August 2022 8,204 1,449 9,653
Charge for year 440 213 653
At 31 July 2023 8,644 1,662 10,306
NET BOOK VALUE
At 31 July 2023 2,493 638 3,131
At 31 July 2022 2,933 851 3,784

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 115,691
Other debtors 31,208 48,144
Tax - 13,803
Prepayments 13,239 14,017
44,447 191,655

Amounts falling due after more than one year:
Deferred tax 20,000 -

Aggregate amounts 64,447 191,655

Deferred tax asset20232022
££

Trading losses20,000-
20,000-

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 131,972 107,423
Social security and other taxes 46 325
Other creditors 659 1,038
Accrued expenses 1,850 4,508
144,527 123,294

Phoenix Tavinor Special Projects Ltd (Registered number: 08885386)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,000 30,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 7,963 29,944
Between one and five years - 7,963
7,963 37,907