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Company Registration No. 10678375 (England and Wales)
Phoenix Roofing (Bolton) Limited Unaudited accounts for the year ended 31 March 2024
Phoenix Roofing (Bolton) Limited Unaudited accounts Contents
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Phoenix Roofing (Bolton) Limited Company Information for the year ended 31 March 2024
Director
Jean Griffiths
Secretary
R A Griffiths
Company Number
10678375 (England and Wales)
Registered Office
61 Plodder Lane Farnworth BL4 0BX
Accountants
Daniel Sam Limited 61 Plodder Lane Farnworth Bolton BL4 0BX
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Phoenix Roofing (Bolton) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,918 
3,404 
Current assets
Inventories
398 
425 
Debtors
12,252 
12,533 
Cash at bank and in hand
94 
1,062 
12,744 
14,020 
Creditors: amounts falling due within one year
(10,023)
(9,476)
Net current assets
2,721 
4,544 
Total assets less current liabilities
5,639 
7,948 
Creditors: amounts falling due after more than one year
(4,250)
(7,250)
Provisions for liabilities
Deferred tax
(555)
(647)
Net assets
834 
51 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
833 
50 
Shareholders' funds
834 
51 
For the year ending 31 March 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2024 and were signed on its behalf by
Jean Griffiths Director Company Registration No. 10678375
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Phoenix Roofing (Bolton) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Phoenix Roofing (Bolton) Limited is a private company, limited by shares, registered in England and Wales, registration number 10678375. The registered office is 61 Plodder Lane, Farnworth, BL4 0BX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Phoenix Roofing (Bolton) Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
7,399 
Additions
243 
At 31 March 2024
7,642 
Depreciation
At 1 April 2023
3,995 
Charge for the year
729 
At 31 March 2024
4,724 
Net book value
At 31 March 2024
2,918 
At 31 March 2023
3,404 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
500 
Accrued income and prepayments
4,488 
- 
Other debtors
7,764 
12,033 
12,252 
12,533 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
Trade creditors
138 
1,613 
Taxes and social security
6,885 
4,863 
10,023 
9,476 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,250 
7,250 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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