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REGISTERED NUMBER: 03934331 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

Phoenix Packaging Products (South East)
Limited

Phoenix Packaging Products (South East)
Limited (Registered number: 03934331)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phoenix Packaging Products (South East)
Limited

Company Information
for the Year Ended 31st December 2023







DIRECTOR: Mr N Quested





REGISTERED OFFICE: Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: 03934331 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

Phoenix Packaging Products (South East)
Limited (Registered number: 03934331)

Balance Sheet
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,814 97,530

CURRENT ASSETS
Stocks 5 6,244 2,788
Debtors 6 141,151 129,991
Cash at bank and in hand 528,490 451,714
675,885 584,493
CREDITORS
Amounts falling due within one year 7 261,428 238,276
NET CURRENT ASSETS 414,457 346,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

519,271

443,747

CREDITORS
Amounts falling due after more than
one year

8

(15,474

)

(20,688

)

PROVISIONS FOR LIABILITIES 9 (22,646 ) (17,634 )
NET ASSETS 481,151 405,425

Phoenix Packaging Products (South East)
Limited (Registered number: 03934331)

Balance Sheet - continued
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 481,141 405,415
SHAREHOLDERS' FUNDS 481,151 405,425

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th August 2024 and were signed by:





Mr N Quested - Director


Phoenix Packaging Products (South East)
Limited (Registered number: 03934331)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Phoenix Packaging Products (South East) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


Phoenix Packaging Products (South East)
Limited (Registered number: 03934331)

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

2. ACCOUNTING POLICIES - continued
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
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.

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 8 (2022 - 8 ) .

Phoenix Packaging Products (South East)
Limited (Registered number: 03934331)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st January 2023 65,330 227,116 34,866 92,915 420,227
Additions - - - 37,200 37,200
Disposals - (10,920 ) - (26,604 ) (37,524 )
At 31st December 2023 65,330 216,196 34,866 103,511 419,903
DEPRECIATION
At 1st January 2023 65,330 166,163 29,083 62,121 322,697
Charge for year - 15,099 1,446 10,674 27,219
Eliminated on disposal - (9,846 ) - (24,981 ) (34,827 )
At 31st December 2023 65,330 171,416 30,529 47,814 315,089
NET BOOK VALUE
At 31st December 2023 - 44,780 4,337 55,697 104,814
At 31st December 2022 - 60,953 5,783 30,794 97,530

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st January 2023
and 31st December 2023 30,195
DEPRECIATION
At 1st January 2023 2,516
Charge for year 6,920
At 31st December 2023 9,436
NET BOOK VALUE
At 31st December 2023 20,759
At 31st December 2022 27,679

Phoenix Packaging Products (South East)
Limited (Registered number: 03934331)

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

5. STOCKS
31/12/23 31/12/22
£    £   
Stocks 6,244 2,788

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 139,575 128,415
Other debtors 1,576 1,576
141,151 129,991

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Hire purchase contracts 5,804 5,803
Trade creditors 171,012 183,371
Taxation and social security 84,520 48,669
Other creditors 92 433
261,428 238,276

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Hire purchase contracts 15,474 20,688

9. PROVISIONS FOR LIABILITIES
31/12/23 31/12/22
£    £   
Deferred tax 22,646 17,634

Deferred
tax
£   
Balance at 1st January 2023 17,634
Charge to Profit and loss account during year 5,012
Balance at 31st December 2023 22,646

Phoenix Packaging Products (South East)
Limited (Registered number: 03934331)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
10 Ordinary Share £1 10 10

11. RESERVES
Retained
earnings
£   

At 1st January 2023 405,415
Profit for the year 106,880
Dividends (31,154 )
At 31st December 2023 481,141

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N Quested.