Acorah Software Products - Accounts Production 15.0.500 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC721486 Mr Andrew Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC721486 2023-01-31 SC721486 2024-01-31 SC721486 2023-02-01 2024-01-31 SC721486 frs-core:CurrentFinancialInstruments 2024-01-31 SC721486 frs-core:MotorVehicles 2024-01-31 SC721486 frs-core:MotorVehicles 2023-02-01 2024-01-31 SC721486 frs-core:MotorVehicles 2023-01-31 SC721486 frs-core:PlantMachinery 2024-01-31 SC721486 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC721486 frs-core:PlantMachinery 2023-01-31 SC721486 frs-core:ShareCapital 2024-01-31 SC721486 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC721486 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC721486 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC721486 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC721486 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC721486 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC721486 frs-bus:Director1 2023-02-01 2024-01-31 SC721486 frs-countries:Scotland 2023-02-01 2024-01-31 SC721486 2022-01-31 SC721486 2023-01-31 SC721486 2022-02-01 2023-01-31 SC721486 frs-core:CurrentFinancialInstruments 2023-01-31 SC721486 frs-core:ShareCapital 2023-01-31 SC721486 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC721486
Phoenix Group Projects Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Christies
Dalgety Bay Business Centre
Sybrig House
Ridge Way
Dalgety Bay
KY11 9JN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC721486
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,553 10,113
9,553 10,113
CURRENT ASSETS
Debtors 5 11,309 -
Cash at bank and in hand 241 22,153
11,550 22,153
Creditors: Amounts Falling Due Within One Year 6 (13,111 ) (17,501 )
NET CURRENT ASSETS (LIABILITIES) (1,561 ) 4,652
TOTAL ASSETS LESS CURRENT LIABILITIES 7,992 14,765
NET ASSETS 7,992 14,765
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 7,991 14,764
SHAREHOLDERS' FUNDS 7,992 14,765
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Edwards
Director
29/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Phoenix Group Projects Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC721486 . The registered office is 66 Strathbeg Drive, Dalgety Bay, Fife, KY11 9XH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 499 13,152 13,651
Additions 80 2,500 2,580
As at 31 January 2024 579 15,652 16,231
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 February 2023 250 3,288 3,538
Provided during the period 49 3,091 3,140
As at 31 January 2024 299 6,379 6,678
Net Book Value
As at 31 January 2024 280 9,273 9,553
As at 1 February 2023 249 9,864 10,113
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 11,309 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,395 1,579
Other creditors 1,210 2,695
Taxation and social security 10,506 13,227
13,111 17,501
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4