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Company Registration No. 03839417 (England and Wales)
Phoenix Vehicles Limited Unaudited Financial Statements for the year ended 29 February 2024
Phoenix Vehicles Limited Unaudited Financial Statements Contents
Page
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Phoenix Vehicles Limited Company Information for the year ended 29 February 2024
Director
Martyn Alfred Charles Birch
Company Number
03839417 (England and Wales)
Registered Office
61 Park View Moulton Northampton NN3 7UZ United Kingdom
Accountants
SMP Accountancy Ltd 24 Lamport Lane Northampton NN2 7DW
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Phoenix Vehicles Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
476 
529 
Current assets
Debtors
585 
495 
Cash at bank and in hand
95 
161 
680 
656 
Creditors: amounts falling due within one year
(157,703)
(160,810)
Net current liabilities
(157,023)
(160,154)
Net liabilities
(156,547)
(159,625)
Capital and reserves
Called up share capital
50,000 
50,000 
Profit and loss account
(206,547)
(209,625)
Shareholders' funds
(156,547)
(159,625)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 September 2024 and were signed on its behalf by
Martyn Alfred Charles Birch Director Company Registration No. 03839417
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Phoenix Vehicles Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Phoenix Vehicles Limited is a private company, limited by shares, registered in England and Wales, registration number 03839417. The registered office is 61 Park View, Moulton, Northampton, NN3 7UZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
10% Reducing Balance
Going concern
Having due regard to cash flow forecasts, the director considers that based on his continued support, and that of the bank, it is appropriate to prepare the accounts on a going concern basis.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
7,024 
At 29 February 2024
7,024 
Depreciation
At 1 March 2023
6,495 
Charge for the year
53 
At 29 February 2024
6,548 
Net book value
At 29 February 2024
476 
At 28 February 2023
529 
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Phoenix Vehicles Limited Notes to the Accounts for the year ended 29 February 2024
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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