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REGISTERED NUMBER: 04867682 (England and Wales)













PHOENIX LEGAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






PHOENIX LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHOENIX LEGAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr SJ Averill
Mrs DJ Averill





SECRETARY: Mrs DJ Averill





REGISTERED OFFICE: Southgate House
Wood Street
Cardiff
CF10 1EW





REGISTERED NUMBER: 04867682 (England and Wales)





ACCOUNTANTS: Davies Williams Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

PHOENIX LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 10,838 10,205
Investments 5 116,129 232,258
126,967 242,463

CURRENT ASSETS
Debtors 6 1,117,331 994,397
Cash at bank and in hand 2,211 133,544
1,119,542 1,127,941
CREDITORS
Amounts falling due within one year 7 347,534 451,970
NET CURRENT ASSETS 772,008 675,971
TOTAL ASSETS LESS CURRENT LIABILITIES 898,975 918,434

CREDITORS
Amounts falling due after more than one year 8 (137,311 ) (196,032 )

PROVISIONS FOR LIABILITIES (2,709 ) (588 )
NET ASSETS 758,955 721,814

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 758,855 721,714
SHAREHOLDERS' FUNDS 758,955 721,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:





Mr SJ Averill - Director


PHOENIX LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Phoenix Legal 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 - 33.33% straight line on cost
Fixtures and fittings - 20% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PHOENIX LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

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 30 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 October 2022 49,028 1,563 50,591
Additions 5,738 788 6,526
At 30 September 2023 54,766 2,351 57,117
DEPRECIATION
At 1 October 2022 39,484 902 40,386
Charge for year 5,449 444 5,893
At 30 September 2023 44,933 1,346 46,279
NET BOOK VALUE
At 30 September 2023 9,833 1,005 10,838
At 30 September 2022 9,544 661 10,205

PHOENIX LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 October 2022
and 30 September 2023 348,387
PROVISIONS
At 1 October 2022 116,129
Provision for year 116,129
At 30 September 2023 232,258
NET BOOK VALUE
At 30 September 2023 116,129
At 30 September 2022 232,258

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 599,112 551,398
Other debtors 518,219 442,999
1,117,331 994,397

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 58,823 56,790
Trade creditors 3,100 47,022
Taxation and social security 246,465 257,795
Other creditors 39,146 90,363
347,534 451,970

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 137,311 196,032

PHOENIX LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100