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REGISTERED NUMBER: 02790439 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

PHOENIX DECOR LIMITED

PHOENIX DECOR LIMITED (REGISTERED NUMBER: 02790439)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PHOENIX DECOR LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P Couchman
S Webb





REGISTERED OFFICE: 120 Cockfosters Road
Barnet
EN4 0DZ





REGISTERED NUMBER: 02790439 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

PHOENIX DECOR LIMITED (REGISTERED NUMBER: 02790439)

Statement of Financial Position
31 MARCH 2023

31.3.23 31.3.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 2,157 1,762

CURRENT ASSETS
Stocks 13,154 8,237
Debtors 6 9,015 29,483
Cash at bank and in hand 105,420 116,927
127,589 154,647
CREDITORS
Amounts falling due within one year 7 10,433 30,968
NET CURRENT ASSETS 117,156 123,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,313

125,441

CREDITORS
Amounts falling due after more than one
year

8

23,333

30,435
NET ASSETS 95,980 95,006

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 95,880 94,906
SHAREHOLDERS' FUNDS 95,980 95,006

PHOENIX DECOR LIMITED (REGISTERED NUMBER: 02790439)

Statement of Financial Position - continued
31 MARCH 2023


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 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





S Webb - Director


PHOENIX DECOR LIMITED (REGISTERED NUMBER: 02790439)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Phoenix Decor 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is recognised when the company fulfils contractual obligations to customers of the supply of its goods and services. Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

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 - 25% on cost
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

Stocks and work-in-progress
Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Taxation
Taxation for the yer 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 DECOR LIMITED (REGISTERED NUMBER: 02790439)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 April 2022 6,976 434 - 7,410
Additions - - 2,456 2,456
At 31 March 2023 6,976 434 2,456 9,866
DEPRECIATION
At 1 April 2022 5,232 416 - 5,648
Charge for year 1,744 2 315 2,061
At 31 March 2023 6,976 418 315 7,709
NET BOOK VALUE
At 31 March 2023 - 16 2,141 2,157
At 31 March 2022 1,744 18 - 1,762

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors - 8,303
Other debtors 9,015 21,180
9,015 29,483

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade creditors - 5,395
Taxation and social security 2,497 21,721
Other creditors 7,936 3,852
10,433 30,968

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£ £
Bank loans 23,333 30,435