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
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
Phoenix Autotech Ltd
Statement of financial position
as at 31 December 2023
Called up share capital not paid
1
1
Tangible assets
4,305
5,775
Cash at bank and in hand
6,026
-
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)
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
Phoenix Autotech Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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
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
At 31 December 2023
4,086
219
4,305
At 31 December 2022
5,448
327
5,775
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
5,500
Taxes and social security
-
177
7
Creditors: amounts falling due after more than one year
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).