Phoenix Debt Recovery Ltd 14667834 false 2023-02-16 2024-03-31 2024-03-31 The principal activity of the company is that of road freight Digita Accounts Production Advanced 6.30.9574.0 true true true 14667834 2023-02-16 2024-03-31 14667834 2024-03-31 14667834 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-03-31 14667834 core:CurrentFinancialInstruments 2024-03-31 14667834 bus:SmallEntities 2023-02-16 2024-03-31 14667834 bus:Audited 2023-02-16 2024-03-31 14667834 bus:FilletedAccounts 2023-02-16 2024-03-31 14667834 bus:SmallCompaniesRegimeForAccounts 2023-02-16 2024-03-31 14667834 bus:RegisteredOffice 2023-02-16 2024-03-31 14667834 bus:Director1 2023-02-16 2024-03-31 14667834 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-02-16 2024-03-31 14667834 bus:PrivateLimitedCompanyLtd 2023-02-16 2024-03-31 14667834 1 2023-02-16 2024-03-31 14667834 countries:England 2023-02-16 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14667834

Phoenix Debt Recovery Ltd

Filleted Abridged Financial Statements

for the Period from 16 February 2023 to 31 March 2024

 

Phoenix Debt Recovery Ltd

Contents

Abridged Balance Sheet

1

Notes to the Abridged Financial Statements

2 to 3

 

Phoenix Debt Recovery Ltd

(Registration number: 14667834)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Debtors

100

Capital and reserves

 

Called up share capital

4

100

Shareholders' funds

 

100

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 November 2024
 

.........................................
Mr M D Jones
Director

 

Phoenix Debt Recovery Ltd

Notes to the Abridged Financial Statements for the Period from 16 February 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
EFS Global
Pendle House
Phoenix Way
Burnley
Lancashire
BB11 5SX

These financial statements were authorised for issue by the director on 19 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 19 November 2024 was Andrew Davies BFP FCA, who signed for and on behalf of Kneeshaws.

.........................................

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Phoenix Debt Recovery Ltd

Notes to the Abridged Financial Statements for the Period from 16 February 2023 to 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

100

100

   

5

Parent and ultimate parent undertaking

The company's immediate parent is EFS Global Ltd, incorporated in England.

  These financial statements are available upon request from EFS Global, Pendle House, Phoenix Way, Burnley, Lancashire BB11 5SX

 The ultimate controlling party is Mr M D Jones.