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REGISTERED NUMBER: 04867682 (England and Wales)













PHOENIX LEGAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






PHOENIX LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHOENIX LEGAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr S J Averill
Mrs D J Averill





SECRETARY: Mrs D J Averill





REGISTERED OFFICE: Southgate House
Wood Street
Cardiff
CF10 1EW





REGISTERED NUMBER: 04867682 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

PHOENIX LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 12,206 10,838
Investments 5 - 116,129
12,206 126,967

CURRENT ASSETS
Debtors 6 777,867 1,117,331
Cash at bank and in hand 76,066 2,211
853,933 1,119,542
CREDITORS
Amounts falling due within one year 7 155,961 347,534
NET CURRENT ASSETS 697,972 772,008
TOTAL ASSETS LESS CURRENT LIABILITIES 710,178 898,975

CREDITORS
Amounts falling due after more than one year 8 (95,896 ) (137,311 )

PROVISIONS FOR LIABILITIES (3,052 ) (2,709 )
NET ASSETS 611,230 758,955

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 611,130 758,855
SHAREHOLDERS' FUNDS 611,230 758,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

BALANCE SHEET - continued
30 SEPTEMBER 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 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 24 March 2025 and were signed on its behalf by:





Mr S J Averill - Director


PHOENIX LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Phoenix Legal Services 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.
Plant and machinery - 33.33% straight line on cost
Fixtures and fittings - 20% straight line on cost

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.

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 year was 28 (2023 - 30 ) .

PHOENIX LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 October 2023 54,766 2,351 57,117
Additions 7,048 3,486 10,534
Disposals (31,457 ) (154 ) (31,611 )
At 30 September 2024 30,357 5,683 36,040
DEPRECIATION
At 1 October 2023 44,933 1,346 46,279
Charge for year 6,062 857 6,919
Eliminated on disposal (29,364 ) - (29,364 )
At 30 September 2024 21,631 2,203 23,834
NET BOOK VALUE
At 30 September 2024 8,726 3,480 12,206
At 30 September 2023 9,833 1,005 10,838

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 October 2023
and 30 September 2024 348,387
PROVISIONS
At 1 October 2023 232,258
Provision for year 116,129
At 30 September 2024 348,387
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 116,129

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 324,400 599,112
Other debtors 453,467 518,219
777,867 1,117,331

PHOENIX LEGAL SERVICES LIMITED (REGISTERED NUMBER: 04867682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 53,639 58,823
Trade creditors 7,199 3,100
Taxation and social security 84,914 246,465
Other creditors 10,209 39,146
155,961 347,534

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 95,896 137,311

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100