Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 06894644 Mr Duncan Cunningham Mrs Nicola Cunningham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06894644 2023-07-31 06894644 2024-07-31 06894644 2023-08-01 2024-07-31 06894644 frs-core:CurrentFinancialInstruments 2024-07-31 06894644 frs-core:Non-currentFinancialInstruments 2024-07-31 06894644 frs-core:BetweenOneFiveYears 2024-07-31 06894644 frs-core:ComputerEquipment 2024-07-31 06894644 frs-core:ComputerEquipment 2023-08-01 2024-07-31 06894644 frs-core:ComputerEquipment 2023-07-31 06894644 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 06894644 frs-core:FurnitureFittings 2024-07-31 06894644 frs-core:FurnitureFittings 2023-08-01 2024-07-31 06894644 frs-core:FurnitureFittings 2023-07-31 06894644 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 06894644 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 06894644 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 06894644 frs-core:MotorVehicles 2024-07-31 06894644 frs-core:MotorVehicles 2023-08-01 2024-07-31 06894644 frs-core:MotorVehicles 2023-07-31 06894644 frs-core:OtherResidualIntangibleAssets 2024-07-31 06894644 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 06894644 frs-core:OtherResidualIntangibleAssets 2023-07-31 06894644 frs-core:PlantMachinery 2024-07-31 06894644 frs-core:PlantMachinery 2023-08-01 2024-07-31 06894644 frs-core:PlantMachinery 2023-07-31 06894644 frs-core:WithinOneYear 2024-07-31 06894644 frs-core:ShareCapital 2024-07-31 06894644 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 06894644 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06894644 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 06894644 frs-bus:SmallEntities 2023-08-01 2024-07-31 06894644 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06894644 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06894644 frs-core:UnlistedNon-exchangeTraded 2024-07-31 06894644 frs-core:UnlistedNon-exchangeTraded 2023-07-31 06894644 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 06894644 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 06894644 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 06894644 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 06894644 frs-bus:Director1 2023-08-01 2024-07-31 06894644 frs-bus:Director2 2023-08-01 2024-07-31 06894644 frs-countries:EnglandWales 2023-08-01 2024-07-31 06894644 2022-07-31 06894644 2023-07-31 06894644 2022-08-01 2023-07-31 06894644 frs-core:CurrentFinancialInstruments 2023-07-31 06894644 frs-core:Non-currentFinancialInstruments 2023-07-31 06894644 frs-core:BetweenOneFiveYears 2023-07-31 06894644 frs-core:WithinOneYear 2023-07-31 06894644 frs-core:ShareCapital 2023-07-31 06894644 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 06894644
Phoenix Building Products Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Arque Consulting
Addington Business Centre, 24 Vulcan Way
New Addington
Surrey
CR0 9UG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06894644
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 22,362 20,835
Tangible Assets 5 284,987 324,413
Investments 6 26,815 26,815
334,164 372,063
CURRENT ASSETS
Stocks 7 234,275 214,724
Debtors 8 16,189 185,941
Cash at bank and in hand 17,499 29,034
267,963 429,699
Creditors: Amounts Falling Due Within One Year 9 (392,352 ) (436,970 )
NET CURRENT ASSETS (LIABILITIES) (124,389 ) (7,271 )
TOTAL ASSETS LESS CURRENT LIABILITIES 209,775 364,792
Creditors: Amounts Falling Due After More Than One Year 10 (119,668 ) (156,644 )
NET ASSETS 90,107 208,148
CAPITAL AND RESERVES
Called up share capital 12 10 10
Profit and Loss Account 90,097 208,138
SHAREHOLDERS' FUNDS 90,107 208,148
Page 1
Page 2
For the year ending 31 July 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 Duncan Cunningham
Director
30th September 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Phoenix Building Products Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06894644 . The registered office is Addington Business Centre, 24 Vulcan Way, New Addington, Surrey, CR0 9UG.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Leasehold 15% reducing balance
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings stright line over life of lease
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Page 4
2.7. 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 year 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2023: 34)
34 34
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 27,200
Additions 4,633
As at 31 July 2024 31,833
Amortisation
As at 1 August 2023 6,365
Provided during the period 3,106
As at 31 July 2024 9,471
Net Book Value
As at 31 July 2024 22,362
As at 1 August 2023 20,835
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 August 2023 66,415 331,984 251,956 75,854
Additions - 51,925 - -
Disposals - (17,150 ) (54,806 ) -
As at 31 July 2024 66,415 366,759 197,150 75,854
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 August 2023 26,550 243,658 125,801 10,550
Provided during the period 3,321 37,974 27,827 5,418
Disposals - (17,150 ) (39,959 ) -
As at 31 July 2024 29,871 264,482 113,669 15,968
Net Book Value
As at 31 July 2024 36,544 102,277 83,481 59,886
As at 1 August 2023 39,865 88,326 126,155 65,304
Computer Equipment Total
£ £
Cost
As at 1 August 2023 40,355 766,564
Additions - 51,925
Disposals - (71,956 )
As at 31 July 2024 40,355 746,533
Depreciation
As at 1 August 2023 35,592 442,151
Provided during the period 1,964 76,504
Disposals - (57,109 )
As at 31 July 2024 37,556 461,546
Net Book Value
As at 31 July 2024 2,799 284,987
As at 1 August 2023 4,763 324,413
6. Investments
Unlisted
£
Cost
As at 1 August 2023 26,815
As at 31 July 2024 26,815
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 26,815
As at 1 August 2023 26,815
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Page 6
7. Stocks
2024 2023
£ £
Materials 159,425 135,766
Work in progress 74,850 78,958
234,275 214,724
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 31,088 90,373
Prepayments and accrued income 20,101 19,805
Other debtors (35,000 ) 75,763
16,189 185,941
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 63,349 62,212
Trade creditors 110,192 170,215
Bank loans and overdrafts 42,360 36,188
Corporation tax 19,215 11,397
Other taxes and social security 39,816 41,710
VAT 95,853 95,551
Accruals and deferred income 21,566 19,579
Directors' loan accounts 1 118
392,352 436,970
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 75,398 95,564
Bank loans 44,270 61,080
119,668 156,644
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 63,349 62,212
Later than one year and not later than five years 75,398 95,564
138,747 157,776
138,747 157,776
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12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
13. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 111,200 141,500
Page 7