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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
Page
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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
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Phoenix Digital Art Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,863 
57,618 
Current assets
Inventories
2,800 
- 
Debtors
5,980 
9,985 
Cash at bank and in hand
63,979 
38,787 
72,759 
48,772 
Creditors: amounts falling due within one year
(59,891)
(62,510)
Net current assets/(liabilities)
12,868 
(13,738)
Net assets
54,731 
43,880 
Capital and reserves
Share premium
100 
100 
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
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Phoenix Digital Art Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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.
Presentation currency
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:
4
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 
Depreciation
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 
Net book value
At 31 May 2024
41,017 
665 
181 
41,863 
At 31 May 2023
54,690 
888 
2,040 
57,618 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,980 
9,985 
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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 
£ 
£ 
VAT
6,364 
- 
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 
59,891 
62,510 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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