Company Registration No. 13389158 (England and Wales)
Phoenix Digital Art Limited
Unaudited accounts
for the year ended 31 May 2024
Phoenix Digital Art Limited
Unaudited accounts
Contents
Phoenix Digital Art Limited
Company Information
for the year ended 31 May 2024
Directors
Nicholas David Gomersall
Cheryl Gomersall
Company Number
13389158 (England and Wales)
Registered Office
17 Broadlands Crescent
Bramley
Rotherham
S66 1WE
Accountants
Bernard Lister & Co Accountants Ltd
64 Hall Gate
Doncaster
DN1 3PB
Phoenix Digital Art Limited
Statement of financial position
as at 31 May 2024
Tangible assets
41,863
57,618
Cash at bank and in hand
63,979
38,787
Creditors: amounts falling due within one year
(59,891)
(62,510)
Net current assets/(liabilities)
12,868
(13,738)
Profit and loss account
54,631
43,780
Shareholders' funds
54,731
43,880
For the year ending 31 May 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 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 of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by
Nicholas David Gomersall
Director
Company Registration No. 13389158
Phoenix Digital Art Limited
Notes to the Accounts
for the year ended 31 May 2024
Phoenix Digital Art Limited is a private company, limited by shares, registered in England and Wales, registration number 13389158. The registered office is 17 Broadlands Crescent, Bramley, Rotherham, S66 1WE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
58,290
1,367
5,738
65,395
At 31 May 2024
58,290
1,367
5,738
65,395
At 1 June 2023
3,600
479
3,698
7,777
Charge for the year
13,673
223
1,859
15,755
At 31 May 2024
17,273
702
5,557
23,532
At 31 May 2024
41,017
665
181
41,863
At 31 May 2023
54,690
888
2,040
57,618
Amounts falling due within one year
Phoenix Digital Art Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
27,511
41,941
Trade creditors
1,100
2,000
Taxes and social security
11,744
8,025
Proposed dividends
6,000
-
Other creditors
5,700
10,000
Loans from directors
1,472
544
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Average number of employees
During the year the average number of employees was 2 (2023: 2).