IRIS Accounts Production v24.3.0.553 04213423 Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042134232023-05-31042134232024-05-31042134232023-06-012024-05-31042134232022-05-31042134232022-06-012023-05-31042134232023-05-3104213423ns15:EnglandWales2023-06-012024-05-3104213423ns14:PoundSterling2023-06-012024-05-3104213423ns10:Director12023-06-012024-05-3104213423ns10:Director22023-06-012024-05-3104213423ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3104213423ns10:SmallEntities2023-06-012024-05-3104213423ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3104213423ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3104213423ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104213423ns10:FullAccounts2023-06-012024-05-3104213423ns10:CompanySecretary12023-06-012024-05-3104213423ns10:RegisteredOffice2023-06-012024-05-3104213423ns5:CurrentFinancialInstruments2024-05-3104213423ns5:CurrentFinancialInstruments2023-05-3104213423ns5:Non-currentFinancialInstruments2024-05-3104213423ns5:Non-currentFinancialInstruments2023-05-3104213423ns5:ShareCapital2024-05-3104213423ns5:ShareCapital2023-05-3104213423ns5:RetainedEarningsAccumulatedLosses2024-05-3104213423ns5:RetainedEarningsAccumulatedLosses2023-05-3104213423ns5:PlantMachinery2023-06-012024-05-3104213423ns5:FurnitureFittings2023-06-012024-05-3104213423ns5:MotorVehicles2023-06-012024-05-3104213423ns5:ComputerEquipment2023-06-012024-05-3104213423ns5:LeaseholdImprovements2023-05-3104213423ns5:PlantMachinery2023-05-3104213423ns5:FurnitureFittings2023-05-3104213423ns5:LeaseholdImprovements2023-06-012024-05-3104213423ns5:LeaseholdImprovements2024-05-3104213423ns5:PlantMachinery2024-05-3104213423ns5:FurnitureFittings2024-05-3104213423ns5:LeaseholdImprovements2023-05-3104213423ns5:PlantMachinery2023-05-3104213423ns5:FurnitureFittings2023-05-3104213423ns5:MotorVehicles2023-05-3104213423ns5:ComputerEquipment2023-05-3104213423ns5:MotorVehicles2024-05-3104213423ns5:ComputerEquipment2024-05-3104213423ns5:MotorVehicles2023-05-3104213423ns5:ComputerEquipment2023-05-3104213423ns5:CostValuation2023-05-3104213423ns5:AdditionsToInvestments2024-05-3104213423ns5:RevaluationsIncreaseDecreaseInInvestments2024-05-3104213423ns5:CostValuation2024-05-3104213423ns5:DisposalsRepaymentsInvestments2024-05-3104213423ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3104213423ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 04213423 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

Phoenix Electronic Services (Uk) Ltd.

Phoenix Electronic Services (Uk) Ltd. (Registered number: 04213423)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phoenix Electronic Services (Uk) Ltd.

Company Information
for the Year Ended 31st May 2024







DIRECTORS: M Brown
D D Brown



SECRETARY:



REGISTERED OFFICE: Sovereign House, Unit 17c
Astley Way Industrial Estate
Swillington
Leeds
West Yorkshire
LS26 8XT



REGISTERED NUMBER: 04213423 (England and Wales)



ACCOUNTANTS: Accountants for Small Business Ltd
48 Kirkfield Lane
Thorner
Leeds
West Yorkshire
LS14 3EP



BANKERS: Lloyds Bank PLC

Phoenix Electronic Services (Uk) Ltd. (Registered number: 04213423)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,211 28,661
Investments 5 73,559 1,041,736
93,770 1,070,397

CURRENT ASSETS
Stocks 6 265,294 185,604
Debtors 7 647,765 1,220,228
Investments 8 3,200 -
Cash at bank and in hand 1,382,752 342,840
2,299,011 1,748,672
CREDITORS
Amounts falling due within one year 9 524,548 894,196
NET CURRENT ASSETS 1,774,463 854,476
TOTAL ASSETS LESS CURRENT LIABILITIES 1,868,233 1,924,873

CREDITORS
Amounts falling due after more than one year 10 (186,299 ) (267,817 )

PROVISIONS FOR LIABILITIES (4,847 ) (5,532 )
NET ASSETS 1,677,087 1,651,524

CAPITAL AND RESERVES
Called up share capital 400,000 400,000
Retained earnings 1,277,087 1,251,524
SHAREHOLDERS' FUNDS 1,677,087 1,651,524

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 Electronic Services (Uk) Ltd. (Registered number: 04213423)

Balance Sheet - continued
31st May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st October 2024 and were signed on its behalf by:




M Brown - Director



D D Brown - Director


Phoenix Electronic Services (Uk) Ltd. (Registered number: 04213423)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Phoenix Electronic Services (Uk) 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 as modified by the revaluation of certain assets.

Changes in accounting policies
The directors determined to exclude the cash flow statement as is allowed for small companies.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company contributes towards autoenrolment pension schemes for all employees who have voluntarily enrolled into the scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Phoenix Electronic Services (Uk) Ltd. (Registered number: 04213423)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1st June 2023
and 31st May 2024 11,048 17,645 27,885
DEPRECIATION
At 1st June 2023 11,048 17,645 27,885
Charge for year - - -
At 31st May 2024 11,048 17,645 27,885
NET BOOK VALUE
At 31st May 2024 - - -
At 31st May 2023 - - -

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1st June 2023
and 31st May 2024 60,739 15,244 132,561
DEPRECIATION
At 1st June 2023 32,078 15,244 103,900
Charge for year 8,450 - 8,450
At 31st May 2024 40,528 15,244 112,350
NET BOOK VALUE
At 31st May 2024 20,211 - 20,211
At 31st May 2023 28,661 - 28,661

Cost or valuation at 31st May 2024 is represented by:

Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost 11,048 17,645 27,885

Motor Computer
vehicles equipment Totals
£    £    £   
Cost 60,739 15,244 132,561

Phoenix Electronic Services (Uk) Ltd. (Registered number: 04213423)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Loans to undertakings in which the company has a
participating interest

-

947,949
Other investments not loans 73,559 93,787
73,559 1,041,736

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1st June 2023 93,787
shares R&H Financial Svs Ltd 1
Revaluations (20,229 )
At 31st May 2024 73,559
NET BOOK VALUE
At 31st May 2024 73,559
At 31st May 2023 93,787

Cost or valuation at 31st May 2024 is represented by:

Other
investments
£   
Valuation in 2020 (20,240 )
Valuation in 2021 12,150
Valuation in 2022 18,961
Valuation in 2023 (55,628 )
Valuation in 2024 (20,229 )
Cost 138,545
73,559
Loans to
associates
£   
At 1st June 2023 947,949
Repayment in year (947,949 )
At 31st May 2024 -

.

6. STOCKS

Stock ready for utilisation has been valued at cost.
Total stock includes work in progress, which has been valued at a nominal sum representing an estimated value of those jobs started very near the end of the trading period and not meriting a formal application.

Phoenix Electronic Services (Uk) Ltd. (Registered number: 04213423)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 170,472 205,930
Amounts recoverable on
contract 437,027 972,392
Other debtors 40,266 41,906
647,765 1,220,228

The debtors figure includes the total amount recoverable on contracts, which has been valued at the amount claimed on Formal Applications which in the opinion of the Directors reflects work done at contract rates.

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 3,200 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,097 1,063
Trade creditors 427,342 642,612
Taxation and social security 88,968 213,463
Other creditors 7,141 37,058
524,548 894,196

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 21,130 29,578
Other creditors 165,169 238,239
186,299 267,817