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REGISTERED NUMBER: 06614700 (England and Wales)


















EUROPHOENIX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






EUROPHOENIX LIMITED (REGISTERED NUMBER: 06614700)

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


EUROPHOENIX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs S J Edwards
G R Edwards





REGISTERED OFFICE: 15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN





REGISTERED NUMBER: 06614700 (England and Wales)





ACCOUNTANTS: Thompson Balch Limited
Chartered Accountants
Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN

EUROPHOENIX LIMITED (REGISTERED NUMBER: 06614700)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 980,993 910,433

CURRENT ASSETS
Debtors 5 781,810 702,739
Cash at bank 105,442 129,339
887,252 832,078
CREDITORS
Amounts falling due within one year 6 1,099,333 1,026,483
NET CURRENT LIABILITIES (212,081 ) (194,405 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,912

716,028

CREDITORS
Amounts falling due after more than one
year

7

(527,513

)

(512,311

)

PROVISIONS FOR LIABILITIES (210,319 ) (172,982 )
NET ASSETS 31,080 30,735

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 1,080 735
SHAREHOLDERS' FUNDS 31,080 30,735

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.

EUROPHOENIX LIMITED (REGISTERED NUMBER: 06614700)

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 10 January 2025 and were signed on its behalf by:




G R Edwards - Director



Mrs S J Edwards - Director


EUROPHOENIX LIMITED (REGISTERED NUMBER: 06614700)

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


1. STATUTORY INFORMATION

Europhoenix 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred 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 or 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.

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.

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.

EUROPHOENIX LIMITED (REGISTERED NUMBER: 06614700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 138,667 1,097,705 21,429
Additions 1,050 200,500 -
Disposals - - -
At 30 June 2024 139,717 1,298,205 21,429
DEPRECIATION
At 1 July 2023 - 336,846 13,231
Charge for year - 135,837 3,382
Eliminated on disposal - - -
At 30 June 2024 - 472,683 16,613
NET BOOK VALUE
At 30 June 2024 139,717 825,522 4,816
At 30 June 2023 138,667 760,859 8,198

EUROPHOENIX LIMITED (REGISTERED NUMBER: 06614700)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 12,139 5,823 1,275,763
Additions 9,675 - 211,225
Disposals (12,139 ) (1,082 ) (13,221 )
At 30 June 2024 9,675 4,741 1,473,767
DEPRECIATION
At 1 July 2023 12,139 3,114 365,330
Charge for year 269 1,177 140,665
Eliminated on disposal (12,139 ) (1,082 ) (13,221 )
At 30 June 2024 269 3,209 492,774
NET BOOK VALUE
At 30 June 2024 9,406 1,532 980,993
At 30 June 2023 - 2,709 910,433

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,425 28,236
Other debtors 755,385 674,503
781,810 702,739

Included within other debtors is a directors loan of £405,215 (2023 - £399,887). There is also a loan included to Europhoenix Rail Limited, a company where the director is also a director. This loan is £38,300 (2023: £1,000) and is interest free and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 140,683 147,756
Hire purchase contracts 82,210 46,211
Trade creditors 188,909 145,126
Taxation and social security 430,347 378,337
Other creditors 257,184 309,053
1,099,333 1,026,483

Included within other creditors is a loan from Electric Traction Ltd, a company in which the director Glenn Edwards is also a director of, amounting to £252,963 in which is interest free and repayable on demand (2023 - £296,463).

EUROPHOENIX LIMITED (REGISTERED NUMBER: 06614700)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 194,068 266,143
Hire purchase contracts 333,445 246,168
527,513 512,311