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REGISTERED NUMBER: 01568025 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PHOENIX SCANNER GRAPHICS LIMITED

PHOENIX SCANNER GRAPHICS LIMITED (REGISTERED NUMBER: 01568025)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHOENIX SCANNER GRAPHICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P Luckett
Mrs T Kaye





SECRETARY: Mrs T Kaye





REGISTERED OFFICE: The Rise
1 Fish Ponds Lane
Thame
Oxfordshire
OX9 2BA





REGISTERED NUMBER: 01568025 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
5th Floor, R+ Building
2 Blagrave Street
Reading
Berkshire
RG1 1AZ

PHOENIX SCANNER GRAPHICS LIMITED (REGISTERED NUMBER: 01568025)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,965,000 1,900,000

CURRENT ASSETS
Debtors 5 1,057 816
Cash at bank 323,318 282,914
324,375 283,730
CREDITORS
Amounts falling due within one year 6 (199,716 ) (191,068 )
NET CURRENT ASSETS 124,659 92,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,089,659

1,992,662

PROVISIONS FOR LIABILITIES 7 (85,723 ) (69,473 )
NET ASSETS 2,003,936 1,923,189

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Property revaluation reserve 8 640,982 592,232
Capital redemption reserve 50,000 50,000
Profit and loss account 1,262,954 1,230,957
2,003,936 1,923,189

PHOENIX SCANNER GRAPHICS LIMITED (REGISTERED NUMBER: 01568025)

BALANCE SHEET - continued
31 DECEMBER 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 31 March 2025 and were signed on its behalf by:





P Luckett - Director


PHOENIX SCANNER GRAPHICS LIMITED (REGISTERED NUMBER: 01568025)

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


1. STATUTORY INFORMATION

Phoenix Scanner Graphics 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 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.

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.

PHOENIX SCANNER GRAPHICS LIMITED (REGISTERED NUMBER: 01568025)

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


2. ACCOUNTING POLICIES - continued

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has cash resources and loans provided by the directors. The directors do not have any intentions to remove their support for a period of at least 12 months from the date the balance sheet is signed.

Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,900,000
Revaluations 65,000
At 31 December 2024 1,965,000
NET BOOK VALUE
At 31 December 2024 1,965,000
At 31 December 2023 1,900,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 65,000
Valuation in 2023 (35,000 )
Valuation in 2022 85,000
Valuation in 2021 30,000
Valuation in 2020 30,000
Valuation in 2019 (45,000 )
Valuation in 2017 40,000
Valuation in 2016 107,595
Valuation in 2015 66,000
Valuation in 2014 383,167
Cost 1,238,238
1,965,000

PHOENIX SCANNER GRAPHICS LIMITED (REGISTERED NUMBER: 01568025)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 1,057 816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 98
Corporation tax 7,960 9,269
Social security and other taxes 439 467
Other creditors 370 370
Directors' loan accounts 173,307 163,934
Accruals and deferred income 17,640 16,930
199,716 191,068

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax on revaluation 85,723 69,473

Deferred
tax
£   
Balance at 1 January 2024 69,473
Charge to Income Statement during year 16,250
Balance at 31 December 2024 85,723

8. RESERVES
Property
revaluation
reserve
£   
At 1 January 2024 592,232
Surplus/(deficit) on
revaluation of freehold
property 65,000
Deferred tax movement
on revaluation (16,250 )

At 31 December 2024 640,982

PHOENIX SCANNER GRAPHICS LIMITED (REGISTERED NUMBER: 01568025)

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


9. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,760 (2023 - £2,333). Contributions totalling £370 (2023 - £370) were payable to the fund at the balance sheet date.