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Registered Number: 12879951
England and Wales

 

 

 

PHOENIX CARBON LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
Directors Luca FRONDONI
Richard Andrew STUART
Registered Number 12879951
Registered Office Mill Lodge Valley Lane
Great Finborough
Stowmarket
IP14 3BD
Accountants Practical CFO Ltd
4 Clare Corner

London
SE9 2AE
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors 3 18,140   
Cash at bank and in hand 34,739    9,131 
52,879    9,131 
Creditors: amount falling due within one year 4 (14,135)   (8,881)
Net current assets 38,744    250 
 
Total assets less current liabilities 38,744    250 
Creditors: amount falling due after more than one year 5   (9,999)
Net assets 38,744    (9,749)
 

Capital and reserves
     
Called up share capital 122    122 
Share premium account 6 99,981    99,981 
General Reserves 7 113,437   
Profit and loss account (174,796)   (109,852)
Shareholders' funds 38,744    (9,749)
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 18 October 2024 and were signed on its behalf by:


-------------------------------
Richard Andrew STUART
Director
2
General Information
Phoenix Carbon Limited is a private company, limited by shares, registered in England and Wales, registration number 12879951, registration address Mill Lodge Valley Lane, Great Finborough, Stowmarket, IP14 3BD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 18,139   
18,139   

3.

Debtors: amounts falling due after one year

2024
£
  2023
£
Directors' Loan Accounts  
1   

4.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 1,996    6,267 
PAYE & Social Security 2,877   
Accrued Expenses 5,000   
VAT 4,262    2,614 
14,135    8,881 

5.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Directors' Loan Accounts   9,999 
  9,999 

6.

Share premium account

2024
£
  2023
£
Equity Share Premium b/fwd 99,981    99,981 
99,981    99,981 

7.

General Reserves

2024
£
  2023
£
General Reserve 113,437   
113,437   

3