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REGISTERED NUMBER: 03294613 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

PHOENIX OPEN SYSTEMS LIMITED

PHOENIX OPEN SYSTEMS LIMITED (REGISTERED NUMBER: 03294613)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHOENIX OPEN SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr J Blake
Mrs K Blake





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 03294613 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

PHOENIX OPEN SYSTEMS LIMITED (REGISTERED NUMBER: 03294613)

BALANCE SHEET
31ST DECEMBER 2024

31.12.24 31.12.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 4,312 7,199

CURRENT ASSETS
Debtors 5 20,845 12,555
Cash at bank 67,996 56,744
88,841 69,299
CREDITORS
Amounts falling due within one year 6 27,291 22,101
NET CURRENT ASSETS 61,550 47,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,862

54,397

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 65,860 54,395
SHAREHOLDERS' FUNDS 65,862 54,397

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 13th March 2025 and were signed on its behalf by:




Mr J Blake - Director



Mrs K Blake - Director


PHOENIX OPEN SYSTEMS LIMITED (REGISTERED NUMBER: 03294613)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Phoenix Open Systems 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.

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.
Office equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£
COST
At 1st January 2024 27,888
Additions 632
At 31st December 2024 28,520
DEPRECIATION
At 1st January 2024 20,689
Charge for year 3,519
At 31st December 2024 24,208
NET BOOK VALUE
At 31st December 2024 4,312
At 31st December 2023 7,199

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade debtors 18,024 11,100
Prepayments and accrued income 2,821 1,455
20,845 12,555

PHOENIX OPEN SYSTEMS LIMITED (REGISTERED NUMBER: 03294613)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Tax 14,494 9,305
VAT 9,818 5,554
Directors' loan accounts 1,300 5,397
Accruals and deferred income 1,679 1,845
27,291 22,101

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £ £
2 Ordinary £1 2 2

8. RESERVES
Retained
earnings
£

At 1st January 2024 54,395
Profit for the year 51,465
Dividends (40,000 )
At 31st December 2024 65,860