PHOENIX INDUSTRIAL TRAINING LTD

Company Registration Number:
10144637 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PHOENIX INDUSTRIAL TRAINING LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

PHOENIX INDUSTRIAL TRAINING LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 15,569 19,537
Total fixed assets: 15,569 19,537
Current assets
Stocks:   1,775
Debtors: 4 14,587 10,314
Cash at bank and in hand: 21,188 6,902
Total current assets: 35,775 18,991
Creditors: amounts falling due within one year: 5 (68,646) (48,184)
Net current assets (liabilities): (32,871) (29,193)
Total assets less current liabilities: (17,302) (9,656)
Creditors: amounts falling due after more than one year: 6 (29,611) (35,034)
Total net assets (liabilities): (46,913) (44,690)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (46,914) (44,691)
Shareholders funds: (46,913) (44,690)

The notes form part of these financial statements

PHOENIX INDUSTRIAL TRAINING LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 March 2025
and signed on behalf of the board by:

Name: Roger Howarth
Status: Director

The notes form part of these financial statements

PHOENIX INDUSTRIAL TRAINING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant & Machinery 20% reducing balance Motor vehicles 20% reducing balance Fixtures & fittings 20% reducing balance Computer equipment 20% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

PHOENIX INDUSTRIAL TRAINING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

PHOENIX INDUSTRIAL TRAINING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 40,108
Additions 600
At 31 March 2024 40,708
Depreciation
At 01 April 2023 20,571
Charge for year 4,568
At 31 March 2024 25,139
Net book value
At 31 March 2024 15,569
At 31 March 2023 19,537

PHOENIX INDUSTRIAL TRAINING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 14,587 10,314

PHOENIX INDUSTRIAL TRAINING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 £ Trade creditors: 10,724 Other taxation and social security: 9,493 Bank loans: 40,945 Loans from directors: 5,369 Accruals: 2,000 Other creditors: 115 Total 68,646 2023 £ Trade creditors: 969 Other taxation and social security: 4,412 Bank loans: 20,439 Loans from directors: 18,243 Accruals: 650 Other creditors: 3,471 Total 48,184

PHOENIX INDUSTRIAL TRAINING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 £ Bank Loans 25,906 Obligations under finance leases 3,705 Total 29,611 2023 £ Bank loans: 27,480 Obligations under finance leases 7,554 Total 16,398