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Company Registration No. 10296689 (England and Wales)
PHOENIX WAY CAR DEALERSHIP LIMITED Unaudited accounts for the year ended 31 July 2024
PHOENIX WAY CAR DEALERSHIP LIMITED Unaudited accounts Contents
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PHOENIX WAY CAR DEALERSHIP LIMITED Company Information for the year ended 31 July 2024
Directors
Masir Ahmed Nawabi Ajmal Tayer
Company Number
10296689 (England and Wales)
Registered Office
UNIT 69 PHOENIX WAY HOUNSLOW TW5 9NB ENGLAND
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PHOENIX WAY CAR DEALERSHIP LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
668 
880 
Current assets
Inventories
674,895 
504,560 
Debtors
29,818 
135,000 
Cash at bank and in hand
15,421 
26,725 
720,134 
666,285 
Creditors: amounts falling due within one year
(74,084)
(27,695)
Net current assets
646,050 
638,590 
Total assets less current liabilities
646,718 
639,470 
Creditors: amounts falling due after more than one year
(251,612)
(261,482)
Net assets
395,106 
377,988 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
395,104 
377,986 
Shareholders' funds
395,106 
377,988 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by
Masir Ahmed Nawabi Director Company Registration No. 10296689
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PHOENIX WAY CAR DEALERSHIP LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
PHOENIX WAY CAR DEALERSHIP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10296689. The registered office is UNIT 69, PHOENIX WAY, HOUNSLOW, TW5 9NB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
305 
750 
2,173 
3,228 
At 31 July 2024
305 
750 
2,173 
3,228 
Depreciation
At 1 August 2023
305 
593 
1,450 
2,348 
Charge for the year
- 
32 
180 
212 
At 31 July 2024
305 
625 
1,630 
2,560 
Net book value
At 31 July 2024
- 
125 
543 
668 
At 31 July 2023
- 
157 
723 
880 
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PHOENIX WAY CAR DEALERSHIP LIMITED Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
29,818 
135,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,993 
6,164 
Trade creditors
48,000 
- 
Taxes and social security
18,091 
21,531 
74,084 
27,695 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
251,612 
261,482 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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