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REGISTERED NUMBER: 05374513 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Pheonix U.K. South Limited

Pheonix U.K. South Limited (Registered number: 05374513)






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


Pheonix U.K. South Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S D Payne





SECRETARY: Mrs J K Payne





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: 05374513 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Pheonix U.K. South Limited (Registered number: 05374513)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,607 14,142

CURRENT ASSETS
Stocks 65,750 42,000
Debtors 5 170,135 90,095
Cash at bank and in hand 12,544 66,861
248,429 198,956
CREDITORS
Amounts falling due within one year 6 227,471 175,916
NET CURRENT ASSETS 20,958 23,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,565

37,182

CREDITORS
Amounts falling due after more than one year 7 (21,925 ) (31,960 )

PROVISIONS FOR LIABILITIES (2,735 ) (2,620 )
NET ASSETS 6,905 2,602

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6,903 2,600
SHAREHOLDERS' FUNDS 6,905 2,602

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.

Pheonix U.K. South Limited (Registered number: 05374513)

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 7 February 2024 and were signed by:





S D Payne - Director


Pheonix U.K. South Limited (Registered number: 05374513)

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

1. STATUTORY INFORMATION

Pheonix U.K. South 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Improvements to property - 25% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

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

Pheonix U.K. South Limited (Registered number: 05374513)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 42,220
DEPRECIATION
At 1 April 2022 28,078
Charge for year 3,535
At 31 March 2023 31,613
NET BOOK VALUE
At 31 March 2023 10,607
At 31 March 2022 14,142

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 138,108 58,031
Other debtors 32,027 32,064
170,135 90,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,952 9,707
Trade creditors 30,116 26,531
Taxation and social security 155,881 123,376
Other creditors 31,522 16,302
227,471 175,916

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 21,925 31,960

Pheonix U.K. South Limited (Registered number: 05374513)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
S D Payne
Balance outstanding at start of year 23,689 17,336
Amounts advanced 32,963 36,353
Amounts repaid (33,000 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,652 23,689

At 31 March 2023, S D Payne owed £23,652 (2022 : £23,689) to the company and is included in debtors. The loan is unsecured and interest ot 2% per annum was charged.