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REGISTERED NUMBER: 09478482 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FENIX RAIL SYSTEMS LIMITED

FENIX RAIL SYSTEMS LIMITED (REGISTERED NUMBER: 09478482)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FENIX RAIL SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: C Purcell
E J Murphy





REGISTERED OFFICE: Forward House
High Street
Henley In Arden
Warwickshire
B95 5AA





REGISTERED NUMBER: 09478482 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

FENIX RAIL SYSTEMS LIMITED (REGISTERED NUMBER: 09478482)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,159 17,078

CURRENT ASSETS
Stocks 1,016,860 1,156,133
Debtors 5 1,091,789 1,340,034
Cash at bank 453,881 141,591
2,562,530 2,637,758
CREDITORS
Amounts falling due within one year 6 647,840 2,284,179
NET CURRENT ASSETS 1,914,690 353,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,926,849

370,657

CREDITORS
Amounts falling due after more than one
year

7

1,737,834

336,661
NET ASSETS 189,015 33,996

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 188,915 33,896
189,015 33,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FENIX RAIL SYSTEMS LIMITED (REGISTERED NUMBER: 09478482)

BALANCE SHEET - continued
30 JUNE 2024


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





C Purcell - Director


FENIX RAIL SYSTEMS LIMITED (REGISTERED NUMBER: 09478482)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Fenix Rail Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


FENIX RAIL SYSTEMS LIMITED (REGISTERED NUMBER: 09478482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 166,842
Additions 1,570
Disposals (23,549 )
At 30 June 2024 144,863
DEPRECIATION
At 1 July 2023 149,764
Charge for year 3,607
Eliminated on disposal (20,667 )
At 30 June 2024 132,704
NET BOOK VALUE
At 30 June 2024 12,159
At 30 June 2023 17,078

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 365,026 387,103
Other debtors 726,763 952,931
1,091,789 1,340,034

FENIX RAIL SYSTEMS LIMITED (REGISTERED NUMBER: 09478482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 458,428 467,618
Taxation and social security 73,216 114,434
Other creditors 116,196 1,702,127
647,840 2,284,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,737,834 336,661

8. RELATED PARTY DISCLOSURES

Included in other creditors is £1,433,497 (2023 - £1,461,268) owed to a company which is under the control of one of the directors. This loan is interest free and repayable on demand.