Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12615283 Mr Phillip Terry Mr Jonathan Terry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12615283 2023-05-31 12615283 2024-05-31 12615283 2023-06-01 2024-05-31 12615283 frs-core:CurrentFinancialInstruments 2024-05-31 12615283 frs-core:Non-currentFinancialInstruments 2024-05-31 12615283 frs-core:MotorVehicles 2024-05-31 12615283 frs-core:MotorVehicles 2023-06-01 2024-05-31 12615283 frs-core:MotorVehicles 2023-05-31 12615283 frs-core:PlantMachinery 2024-05-31 12615283 frs-core:PlantMachinery 2023-06-01 2024-05-31 12615283 frs-core:PlantMachinery 2023-05-31 12615283 frs-core:ShareCapital 2024-05-31 12615283 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12615283 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12615283 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12615283 frs-bus:SmallEntities 2023-06-01 2024-05-31 12615283 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12615283 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12615283 frs-bus:Director1 2023-06-01 2024-05-31 12615283 frs-bus:Director2 2023-06-01 2024-05-31 12615283 frs-countries:EnglandWales 2023-06-01 2024-05-31 12615283 2022-05-31 12615283 2023-05-31 12615283 2022-06-01 2023-05-31 12615283 frs-core:CurrentFinancialInstruments 2023-05-31 12615283 frs-core:Non-currentFinancialInstruments 2023-05-31 12615283 frs-core:ShareCapital 2023-05-31 12615283 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12615283
Phoenix Forestry Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12615283
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 30,128
- 30,128
CURRENT ASSETS
Debtors 5 - 2,040
Cash at bank and in hand 1 1
1 2,041
Creditors: Amounts Falling Due Within One Year 6 (6,568 ) (1,436 )
NET CURRENT ASSETS (LIABILITIES) (6,567 ) 605
TOTAL ASSETS LESS CURRENT LIABILITIES (6,567 ) 30,733
Creditors: Amounts Falling Due After More Than One Year 7 - (16,173 )
NET (LIABILITIES)/ASSETS (6,567 ) 14,560
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (6,569 ) 14,558
SHAREHOLDERS' FUNDS (6,567) 14,560
Page 1
Page 2
For the year ending 31 May 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Phillip Terry
Director
02/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Phoenix Forestry Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12615283 . The registered office is The Old Kennels, Yew Tree Farm, Reagill, Penrith, Cumbria, CA10 3ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Motor Vehicles 25%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 2)
- 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2023 37,846 15,000 52,846
Disposals (37,846 ) (15,000 ) (52,846 )
Depreciation
As at 1 June 2023 14,046 8,672 22,718
Provided during the period 1,527 1,582 3,109
Disposals (15,573 ) (10,254 ) (25,827 )
As at 31 May 2024 - - -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 May 2024 - - -
As at 1 June 2023 23,800 6,328 30,128
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,040
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,116
Corporation tax 1,905 (2,624 )
VAT 429 1,322
Accruals and deferred income 580 580
Directors' loan accounts 3,654 1,042
6,568 1,436
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Hitachi Loan - 16,173
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4