Registration number:
Phoenix Debt Recovery Ltd
for the Period from 16 February 2023 to 31 March 2024
Phoenix Debt Recovery Ltd
Contents
Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
Phoenix Debt Recovery Ltd
(Registration number: 14667834)
Abridged Balance Sheet as at 31 March 2024
Note |
2024 |
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Current assets |
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Debtors |
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Capital and reserves |
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Called up share capital |
100 |
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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
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Phoenix Debt Recovery Ltd
Notes to the Abridged Financial Statements for the Period from 16 February 2023 to 31 March 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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
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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.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Share capital |
Allotted, called up and fully paid shares
2024 |
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No. |
£ |
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100 |
Parent and ultimate parent undertaking |
The company's immediate parent is
These financial statements are available upon request from EFS Global, Pendle House, Phoenix Way, Burnley, Lancashire BB11 5SX
The ultimate controlling party is