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REGISTERED NUMBER: 09003486 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PHOENIX DIGITAL SOLUTIONS LTD

PHOENIX DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09003486)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PHOENIX DIGITAL SOLUTIONS LTD

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTOR: A Gibbons





REGISTERED OFFICE: 169 Shenley Road
Bletchley
Milton Keynes
Buckinghamshire
MK3 7AP





REGISTERED NUMBER: 09003486 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

PHOENIX DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09003486)

STATEMENT OF FINANCIAL POSITION
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,860 54,155

CURRENT ASSETS
Stocks 13,152 13,428
Debtors 5 45,926 104,476
Cash at bank 168,335 155,163
227,413 273,067
CREDITORS
Amounts falling due within one year 6 42,884 62,931
NET CURRENT ASSETS 184,529 210,136
TOTAL ASSETS LESS CURRENT LIABILITIES 234,389 264,291

CREDITORS
Amounts falling due after more than one
year

7

-

(20,958

)

PROVISIONS FOR LIABILITIES (5,546 ) (13,539 )
NET ASSETS 228,843 229,794

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 228,743 229,694
SHAREHOLDERS' FUNDS 228,843 229,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

PHOENIX DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09003486)

STATEMENT OF FINANCIAL POSITION - continued
30 April 2024


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 28 August 2024 and were signed by:





A Gibbons - Director


PHOENIX DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09003486)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Phoenix Digital Solutions Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 5 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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 DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09003486)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 1,019 99,580 6,519 107,118
Additions - 33,750 759 34,509
Disposals - (34,579 ) - (34,579 )
At 30 April 2024 1,019 98,751 7,278 107,048
DEPRECIATION
At 1 May 2023 1,019 46,223 5,721 52,963
Charge for year - 12,481 389 12,870
Eliminated on disposal - (8,645 ) - (8,645 )
At 30 April 2024 1,019 50,059 6,110 57,188
NET BOOK VALUE
At 30 April 2024 - 48,692 1,168 49,860
At 30 April 2023 - 53,357 798 54,155

PHOENIX DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09003486)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 99,580
DEPRECIATION
At 1 May 2023 46,223
Charge for year 18,964
At 30 April 2024 65,187
NET BOOK VALUE
At 30 April 2024 34,393
At 30 April 2023 53,357

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,385 103,953
Other debtors 541 523
45,926 104,476

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,005 11,042
Trade creditors 5,721 3,120
Taxation and social security 27,074 44,493
Other creditors 5,084 4,276
42,884 62,931

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 20,958

PHOENIX DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09003486)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100