REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st May 2024 |
for |
Phoenix Electronic Services (Uk) Ltd. |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
48 Kirkfield Lane |
Thorner |
Leeds |
West Yorkshire |
LS14 3EP |
BANKERS: |
Phoenix Electronic Services (Uk) Ltd. (Registered number: 04213423) |
Balance Sheet |
31st May 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Investments | 8 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 10 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
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 |
DEPRECIATION |
At 1st June 2023 |
Charge for year |
At 31st May 2024 |
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 |
DEPRECIATION |
At 1st June 2023 |
Charge for year |
At 31st May 2024 |
NET BOOK VALUE |
At 31st May 2024 |
At 31st May 2023 |
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 |
Other investments not loans |
Additional information is as follows: |
Other |
investments |
£ |
COST OR VALUATION |
At 1st June 2023 |
shares R&H Financial Svs Ltd |
Revaluations | ( |
) |
At 31st May 2024 |
NET BOOK VALUE |
At 31st May 2024 |
At 31st May 2023 |
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 |
Repayment in year | ( |
) |
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 |
Amounts recoverable on |
contract |
Other debtors |
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 |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Other creditors |