IRIS Accounts Production v24.3.0.553 08964615 Board of Directors 1.5.23 30.4.24 30.4.24 30.1.25 0 0 false true false false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089646152023-04-30089646152024-04-30089646152023-05-012024-04-30089646152022-04-30089646152022-05-012023-04-30089646152023-04-3008964615ns15:EnglandWales2023-05-012024-04-3008964615ns14:PoundSterling2023-05-012024-04-3008964615ns10:Director12023-05-012024-04-3008964615ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008964615ns10:SmallEntities2023-05-012024-04-3008964615ns10:Audited2023-05-012024-04-3008964615ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008964615ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008964615ns10:FullAccounts2023-05-012024-04-300896461512023-05-012024-04-3008964615ns10:Director22023-05-012024-04-3008964615ns10:RegisteredOffice2023-05-012024-04-3008964615ns5:CurrentFinancialInstruments2024-04-3008964615ns5:CurrentFinancialInstruments2023-04-3008964615ns5:ShareCapital2024-04-3008964615ns5:ShareCapital2023-04-3008964615ns5:SharePremium2024-04-3008964615ns5:SharePremium2023-04-3008964615ns5:RetainedEarningsAccumulatedLosses2024-04-3008964615ns5:RetainedEarningsAccumulatedLosses2023-04-3008964615ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3008964615ns5:LandBuildings2023-05-012024-04-3008964615ns5:PlantMachinery2023-05-012024-04-3008964615ns5:NetGoodwill2023-04-3008964615ns5:NetGoodwill2024-04-3008964615ns5:NetGoodwill2023-04-3008964615ns5:LandBuildings2023-04-3008964615ns5:PlantMachinery2023-04-3008964615ns5:LandBuildings2024-04-3008964615ns5:PlantMachinery2024-04-3008964615ns5:LandBuildings2023-04-3008964615ns5:PlantMachinery2023-04-3008964615ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3008964615ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-3008964615ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3008964615ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3008964615ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 08964615 (England and Wales)















Financial Statements

for the Year Ended 30 April 2024

for

Phoenix By Products Limited

Phoenix By Products Limited (Registered number: 08964615)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Phoenix By Products Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: D S Sawrij
M Powar





REGISTERED OFFICE: Swalesmoor Farm
Swales Moor Road
Halifax
West Yorkshire
HX3 6UF





REGISTERED NUMBER: 08964615 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Statutory Auditor
Sidings House
Sidings Court
Lakeside
Doncaster
DN4 5NU

Phoenix By Products Limited (Registered number: 08964615)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 413,097 507,946
413,097 507,946

CURRENT ASSETS
Debtors 6 20,515 49,472
Cash at bank 26,976 2,037
47,491 51,509
CREDITORS
Amounts falling due within one year 7 81,608 63,427
NET CURRENT LIABILITIES (34,117 ) (11,918 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,980

496,028

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 1,573,289 1,573,289
Retained earnings (1,194,310 ) (1,077,262 )
378,980 496,028

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 30 January 2025 and were signed on its behalf by:





M Powar - Director


Phoenix By Products Limited (Registered number: 08964615)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Phoenix By Products 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.

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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 10% on cost

The land including within land and buildings is not depreciated.

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.

Phoenix By Products Limited (Registered number: 08964615)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 256,115
AMORTISATION
At 1 May 2023
and 30 April 2024 256,115
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Phoenix By Products Limited (Registered number: 08964615)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 433,169 873,090 1,306,259
DEPRECIATION
At 1 May 2023 67,862 730,451 798,313
Charge for year 7,540 87,309 94,849
At 30 April 2024 75,402 817,760 893,162
NET BOOK VALUE
At 30 April 2024 357,767 55,330 413,097
At 30 April 2023 365,307 142,639 507,946

The Land and buildings are secured in accordance with the share purchase agreement dated 7 December 2022.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 51,500
Transfer to ownership (51,500 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 20,600
Transfer to ownership (20,600 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 30,900

Phoenix By Products Limited (Registered number: 08964615)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 5,804 4,567
Other debtors 14,711 44,905
20,515 49,472

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts - 2,059
Trade creditors 13,849 17,134
Amounts owed to group undertakings 60,750 42,750
Taxation and social security 284 284
Other creditors 6,725 1,200
81,608 63,427

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts - 2,059

Hire purchase debts are secured on the assets that they are financing.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kelvin Fitton BA FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

Phoenix By Products Limited (Registered number: 08964615)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
A C Robbins
Balance outstanding at start of year - 28,819
Amounts advanced - 842
Amounts repaid - (29,661 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr A C Robbins ceased to be a director on 12 August 2022. £28,819 of the amount owed from Mr A C Robbins was repaid during 2024. The amount still owed included in other debtors is £842 (2023 £29,661).

11. ULTIMATE CONTROLLING PARTY

The company's is jointly owned by Leo Group Holdings Midco Limited, a company registered in Jersey, and Thornton Meat Company Limited, a company registered in England and Wales. The ultimate parent company is Leo Group Family Holdings Limited, registered in Jersey. The ultimate controlling party is Mr D S Sawrij.