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Company Registration No. 08865298 (England and Wales)
Phoenix Autotech Ltd Unaudited accounts for the year ended 31 December 2023
Phoenix Autotech Ltd Unaudited accounts Contents
Page
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Phoenix Autotech Ltd Company Information for the year ended 31 December 2023
Director
Grzegorz Sylwester CHACINSKI
Company Number
08865298 (England and Wales)
Registered Office
Unit 3 R/O 11 Wilton Road Abbey Wood London SE2 9RH UK
Accountants
Dorota Cukierska International House 142 Cromwell Road London SW7 4EF
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Phoenix Autotech Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Tangible assets
4,305 
5,775 
Current assets
Inventories
6,200 
5,900 
Debtors
- 
4,614 
Cash at bank and in hand
6,026 
- 
12,226 
10,514 
Creditors: amounts falling due within one year
(4,307)
(7,507)
Net current assets
7,919 
3,007 
Total assets less current liabilities
12,225 
8,783 
Creditors: amounts falling due after more than one year
(12,083)
(17,083)
Net assets/(liabilities)
142 
(8,300)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
141 
(8,301)
Shareholders' funds
142 
(8,300)
For the year ending 31 December 2023 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.
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 17 May 2024 and were signed on its behalf by
Grzegorz Sylwester CHACINSKI Director Company Registration No. 08865298
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Phoenix Autotech Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Phoenix Autotech Ltd is a private company, limited by shares, registered in England and Wales, registration number 08865298. The registered office is Unit 3 R/O, 11 Wilton Road Abbey Wood, London, SE2 9RH, UK.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:The depreciation method used is the reducing balance method
Plant & machinery
25%
Computer equipment
33%
Stocks
Stock and work in progress is valued at the lower of the cost and estimated net realisable value. Cost of raw materials is determined on the FIFO basis. In the case of work in progress and finished goods, cost includes all direct expenditure and production overheads based on the normal level of activity. Net realisable value is the price at which the stock can release in the normal course of business, less further costs to completion of sale.
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Phoenix Autotech Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
19,180 
732 
19,912 
At 31 December 2023
19,180 
732 
19,912 
Depreciation
At 1 January 2023
13,732 
405 
14,137 
Charge for the year
1,362 
108 
1,470 
At 31 December 2023
15,094 
513 
15,607 
Net book value
At 31 December 2023
4,086 
219 
4,305 
At 31 December 2022
5,448 
327 
5,775 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,614 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
5,500 
VAT
4,307 
1,830 
Taxes and social security
- 
177 
4,307 
7,507 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,083 
17,083 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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