Registered number
08065043
Phoenix Cameras Ltd
Unaudited Filleted Accounts
5 April 2024
Phoenix Cameras Ltd
Registered number: 08065043
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 480 1,026
Current assets
Debtors 4 2,966 5,088
Cash at bank and in hand 62,097 48,028
65,063 53,116
Creditors: amounts falling due within one year 5 (23,865) (15,417)
Net current assets 41,198 37,699
Total assets less current liabilities 41,678 38,725
Provisions for liabilities (91) (195)
Net assets 41,587 38,530
Capital and reserves
Called up share capital 100 100
Profit and loss account 41,487 38,430
Shareholder's funds 41,587 38,530
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C. Butchart
Director
Approved by the board on 27 August 2024
Phoenix Cameras Ltd
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to days worked.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 2-5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities, other than loans from the director, are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2023 4,772
Additions 267
Disposals (999)
At 5 April 2024 4,040
Depreciation
At 6 April 2023 3,746
Charge for the year 480
On disposals (666)
At 5 April 2024 3,560
Net book value
At 5 April 2024 480
At 5 April 2023 1,026
4 Debtors 2024 2023
£ £
Trade debtors 2,940 5,088
Other debtors 26 -
2,966 5,088
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 8,075 7,118
Other creditors 15,790 8,299
23,865 15,417
6 Controlling party
The company is controlled by the director.
7 Other information
Phoenix Cameras Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Bredon Road
Wokingham
RG41 1HW
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