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Logo On Report
Registered Number: 11280437
England and Wales

 

 

 

PHOENYX VENTURES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Directors Charles Gordon
Robert Black
Benedict Gordon
Registered Number 11280437
Registered Office Belgrave House
39-43 Monument Hill
Weybridge
KT13 8RN
Accountants Ward Williams Creatives Limited
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Stocks 4 117,726    123,875 
Debtors 5 5,810    6,457 
Cash at bank and in hand 14,012    21,773 
137,548    152,105 
Creditors: amount falling due within one year 6 (10,434)   (324,533)
Net current assets 127,114    (172,428)
 
Total assets less current liabilities 127,114    (172,428)
Net assets 127,114    (172,428)
 

Capital and reserves
     
Called up share capital 128    111 
Share premium account 7 741,057    286,530 
Profit and loss account (614,071)   (459,069)
Shareholders' funds 127,114    (172,428)
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 05 November 2024 and were signed on its behalf by:


-------------------------------
Robert Black
Director
2
General Information
Phoenyx Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 11280437, registration address Belgrave House, 39-43 Monument Hill, Weybridge, KT13 8RN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of years.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 2).
3.

Intangible fixed assets

Cost Patents and licenses   Total
  £   £
At 01 April 2023 4,873    4,873 
Additions  
Disposals  
At 31 March 2024 4,873    4,873 
Amortisation
At 01 April 2023 4,873    4,873 
Charge for year  
On disposals  
At 31 March 2024 4,873    4,873 
Net book values
At 31 March 2024  
At 31 March 2023  


4.

Stocks

2024
£
  2023
£
Stocks 117,726    123,875 
117,726    123,875 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 1,413    1,088 
VAT 4,397    5,369 
5,810    6,457 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Other Creditors   1 
Directors' Current Accounts 135    137,266 
Director's Current Account 2 10,299    187,266 
10,434    324,533 

7.

Share premium account

2024
£
  2023
£
Equity Share Premium b/fwd 286,530    286,530 
Equity Share Premium - New Issue 454,527   
741,057    286,530 

3