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REGISTERED NUMBER: 09642548 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Phoenix Export Packaging Limited

Phoenix Export Packaging Limited (Registered number: 09642548)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Phoenix Export Packaging Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: K Douthwaite
J W Nickells





REGISTERED OFFICE: 3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ





REGISTERED NUMBER: 09642548 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Phoenix Export Packaging Limited (Registered number: 09642548)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 300 450
Tangible assets 5 37,346 30,667
37,646 31,117

CURRENT ASSETS
Stocks 6 225,000 375,000
Debtors 7 171,016 143,344
Cash at bank 81,826 73,628
477,842 591,972
CREDITORS
Amounts falling due within one year 8 370,748 390,550
NET CURRENT ASSETS 107,094 201,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,740

232,539

CREDITORS
Amounts falling due after more than
one year

9

97,040

159,750
NET ASSETS 47,700 72,789

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 47,698 72,787
SHAREHOLDERS' FUNDS 47,700 72,789

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Phoenix Export Packaging Limited (Registered number: 09642548)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:




K Douthwaite - Director



J W Nickells - Director


Phoenix Export Packaging Limited (Registered number: 09642548)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Phoenix Export Packaging 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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

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

Current 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Phoenix Export Packaging Limited (Registered number: 09642548)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 23 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Patents and
licences
£
COST
At 1 October 2023
and 30 September 2024 1,500
AMORTISATION
At 1 October 2023 1,050
Amortisation for year 150
At 30 September 2024 1,200
NET BOOK VALUE
At 30 September 2024 300
At 30 September 2023 450

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 October 2023 54,243 59,109 11,789 125,141
Additions 721 15,795 1,689 18,205
At 30 September 2024 54,964 74,904 13,478 143,346
DEPRECIATION
At 1 October 2023 43,568 44,350 6,556 94,474
Charge for year 2,849 7,639 1,038 11,526
At 30 September 2024 46,417 51,989 7,594 106,000
NET BOOK VALUE
At 30 September 2024 8,547 22,915 5,884 37,346
At 30 September 2023 10,675 14,759 5,233 30,667

Phoenix Export Packaging Limited (Registered number: 09642548)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. STOCKS
30.9.24 30.9.23
£ £
Stock and WIP 225,000 375,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Trade debtors 136,761 93,252
Amounts owed by associates 15,000 15,000
Other debtors 6,708 6,708
Tax 3,092 3,092
Prepayments 9,455 25,292
171,016 143,344

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Other loans 50,257 -
Hire purchase contracts 3,498 -
Trade creditors 208,351 321,560
Social security and other taxes 13,666 11,430
Pension payable 561 570
VAT 51,240 14,983
Directors' loan accounts 41,175 41,175
Accrued expenses 2,000 832
370,748 390,550

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£ £
Other loans - 2-5 years 88,584 159,750
Hire purchase contracts 8,456 -
97,040 159,750

Phoenix Export Packaging Limited (Registered number: 09642548)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£ £
Nucleus Cash Flow Finance 138,841 159,750

Nucleus Cash Flow Finance2 Limited hold both a fixed and floating charge over the assets of the company in respect of the loan taken out totalling £159,750.

Phoenix Export Packaging Limited

Report of the Accountants to the Directors of
Phoenix Export Packaging Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages one to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


2 December 2024