IRIS Accounts Production v24.2.0.383 11081579 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110815792023-03-31110815792024-03-31110815792023-04-012024-03-31110815792022-03-31110815792022-04-012023-03-31110815792023-03-3111081579ns15:EnglandWales2023-04-012024-03-3111081579ns14:PoundSterling2023-04-012024-03-3111081579ns10:Director12023-04-012024-03-3111081579ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111081579ns10:SmallEntities2023-04-012024-03-3111081579ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111081579ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111081579ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111081579ns10:FullAccounts2023-04-012024-03-3111081579ns10:OrdinaryShareClass12023-04-012024-03-3111081579ns10:Director22023-04-012024-03-3111081579ns10:Director32023-04-012024-03-3111081579ns10:Director42023-04-012024-03-3111081579ns10:RegisteredOffice2023-04-012024-03-3111081579ns5:CurrentFinancialInstruments2024-03-3111081579ns5:CurrentFinancialInstruments2023-03-3111081579ns5:Non-currentFinancialInstruments2024-03-3111081579ns5:Non-currentFinancialInstruments2023-03-3111081579ns5:ShareCapital2024-03-3111081579ns5:ShareCapital2023-03-3111081579ns5:RetainedEarningsAccumulatedLosses2024-03-3111081579ns5:RetainedEarningsAccumulatedLosses2023-03-3111081579ns5:PlantMachinery2023-03-3111081579ns5:PlantMachinery2023-04-012024-03-3111081579ns5:PlantMachinery2024-03-3111081579ns5:PlantMachinery2023-03-3111081579ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3111081579ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111081579ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 11081579 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PHOENIX PRO AV LTD

PHOENIX PRO AV LTD (REGISTERED NUMBER: 11081579)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHOENIX PRO AV LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M J Valentine
R M Burrows
Mrs C E Burrows
Miss P J Peters





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR





REGISTERED NUMBER: 11081579 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

PHOENIX PRO AV LTD (REGISTERED NUMBER: 11081579)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,897 151,674

CURRENT ASSETS
Stocks 15,000 17,500
Debtors 5 122,203 82,513
Cash at bank 117,870 125,937
255,073 225,950
CREDITORS
Amounts falling due within one year 6 119,947 127,245
NET CURRENT ASSETS 135,126 98,705
TOTAL ASSETS LESS CURRENT LIABILITIES 351,023 250,379

CREDITORS
Amounts falling due after more than one
year

7

39,515

46,484
NET ASSETS 311,508 203,895

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 311,408 203,795
SHAREHOLDERS' FUNDS 311,508 203,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PHOENIX PRO AV LTD (REGISTERED NUMBER: 11081579)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





M J Valentine - Director


PHOENIX PRO AV LTD (REGISTERED NUMBER: 11081579)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Phoenix Pro Av Ltd 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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
Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment - 20% reducing balance
Computer equipment - 20% reducing balance
Motor Vehicles - 20% 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 Statement of Income and Retained Earnings, 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 PRO AV LTD (REGISTERED NUMBER: 11081579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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.

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 404,286
Additions 223,050
At 31 March 2024 627,336
DEPRECIATION
At 1 April 2023 252,612
Charge for year 158,827
At 31 March 2024 411,439
NET BOOK VALUE
At 31 March 2024 215,897
At 31 March 2023 151,674

PHOENIX PRO AV LTD (REGISTERED NUMBER: 11081579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,083 58,637
Other debtors 26,120 23,876
122,203 82,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,022 10,022
Trade creditors 62,831 71,230
Taxation and social security 43,291 37,968
Other creditors 3,803 8,025
119,947 127,245

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 39,515 46,484

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY NOTE

Creditors due within one year include £1,560 (2023 - £6,265) which is owed to the directors of the company.