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REGISTERED NUMBER: 07568205 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2023 to 31 March 2024

for

Phoenix Care & Support Services 24/7 Ltd

Phoenix Care & Support Services 24/7 Ltd (Registered number: 07568205)






Contents of the Financial Statements
for the Period 1 August 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phoenix Care & Support Services 24/7 Ltd

Company Information
for the Period 1 August 2023 to 31 March 2024







DIRECTORS: C Mcclements
Mrs J L Cockerell





REGISTERED OFFICE: F9 Lynch Lane Offices
Lynch Lane
Weymouth
Dorset
DT4 9DN





REGISTERED NUMBER: 07568205 (England and Wales)





ACCOUNTANTS: RWB Tax Consultants Limited
G8 Lynch Lane Offices
79 Lynch Lane
Weymouth
Dorset
DT4 9DN

Phoenix Care & Support Services 24/7 Ltd (Registered number: 07568205)

Balance Sheet
31 March 2024

31.3.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,178,703 1,179,472

CURRENT ASSETS
Debtors 5 639,592 168,020
Cash at bank and in hand 150,744 147,545
790,336 315,565
CREDITORS
Amounts falling due within one year 6 454,761 262,496
NET CURRENT ASSETS 335,575 53,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,514,278

1,232,541

CREDITORS
Amounts falling due after more than one
year

7

(160,443

)

(173,386

)

PROVISIONS FOR LIABILITIES (5,961 ) (6,165 )
NET ASSETS 1,347,874 1,052,990

CAPITAL AND RESERVES
Called up share capital 220 220
Retained earnings 1,347,654 1,052,770
SHAREHOLDERS' FUNDS 1,347,874 1,052,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 Care & Support Services 24/7 Ltd (Registered number: 07568205)

Balance Sheet - continued
31 March 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 25 February 2025 and were signed on its behalf by:




C Mcclements - Director



Mrs J L Cockerell - Director


Phoenix Care & Support Services 24/7 Ltd (Registered number: 07568205)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 March 2024

1. STATUTORY INFORMATION

Phoenix Care & Support Services 24/7 Ltd 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.

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 etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the period comprises current and deferred 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 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 period 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.

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 period was 41 (2023 - 36 ) .

Phoenix Care & Support Services 24/7 Ltd (Registered number: 07568205)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 1,156,207 53,240 1,209,447
Additions - 4,861 4,861
At 31 March 2024 1,156,207 58,101 1,214,308
DEPRECIATION
At 1 August 2023 - 29,975 29,975
Charge for period - 5,630 5,630
At 31 March 2024 - 35,605 35,605
NET BOOK VALUE
At 31 March 2024 1,156,207 22,496 1,178,703
At 31 July 2023 1,156,207 23,265 1,179,472

5. DEBTORS
31.3.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors - 22,436
Amounts recoverable on contract 278,716 145,184
Other debtors 100,876 400
379,592 168,020

Amounts falling due after more than one year:
Other debtors 260,000 -

Aggregate amounts 639,592 168,020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.7.23
£    £   
Trade creditors - (2 )
Taxation and social security 289,099 82,192
Other creditors 165,662 180,306
454,761 262,496

Phoenix Care & Support Services 24/7 Ltd (Registered number: 07568205)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.7.23
£    £   
Bank loans 66,571 71,244
Other creditors 93,872 102,142
160,443 173,386

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 66,571 71,244
Other loans more 5yrs instal 93,872 102,142
160,443 173,386

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Cockerell & C McClements.

9. CHARGES

At the year end, the company had 7 charges secured against assets held by the company (2020 - 6).

10. DIRECTORS LOAN ACCOUNT

At the year end, the company had advanced the directors £260,000 (2023 - £nil) . Interest has been charged to these loans at the beneficial interest rate of 2.25%.