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REGISTERED NUMBER: 03661674 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Phoenix Transport Services Limited

Phoenix Transport Services Limited (Registered number: 03661674)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phoenix Transport Services Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: G Thompson





REGISTERED OFFICE: 29 Howard Street
North Shields
Tyne and Wear
NE30 1AR





REGISTERED NUMBER: 03661674 (England and Wales)





ACCOUNTANTS: Essell Accountants Limited
29 Howard Street
North Shields
Tyne and Wear
NE30 1AR

Phoenix Transport Services Limited (Registered number: 03661674)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,374 23,045

CURRENT ASSETS
Debtors 5 34,979 39,210
Cash at bank and in hand 23,716 32,318
58,695 71,528
CREDITORS
Amounts falling due within one year 6 39,436 40,472
NET CURRENT ASSETS 19,259 31,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,633

54,101

CREDITORS
Amounts falling due after more than one
year

7

28,000

36,700
NET ASSETS 9,633 17,401

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,632 17,400
SHAREHOLDERS' FUNDS 9,633 17,401

Phoenix Transport Services Limited (Registered number: 03661674)

Balance Sheet - continued
31 October 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 11 March 2024 and were signed by:





G Thompson - Director


Phoenix Transport Services Limited (Registered number: 03661674)

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

1. STATUTORY INFORMATION

Phoenix Transport Services 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.

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.
Plant and machinery etc - 20% on cost

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Phoenix Transport Services Limited (Registered number: 03661674)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 31,308
DEPRECIATION
At 1 November 2022 8,263
Charge for year 4,671
At 31 October 2023 12,934
NET BOOK VALUE
At 31 October 2023 18,374
At 31 October 2022 23,045

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 34,979 34,571
Other debtors - 4,639
34,979 39,210

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade creditors 17,709 26,737
Taxation and social security 5,954 5,685
Other creditors 15,773 8,050
39,436 40,472

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans 28,000 36,700