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REGISTERED NUMBER: 11000474 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Phoenix Recovery 24/7 Limited

Phoenix Recovery 24/7 Limited (Registered number: 11000474)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Phoenix Recovery 24/7 Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr S A Todd





REGISTERED OFFICE: Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW





REGISTERED NUMBER: 11000474 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Phoenix Recovery 24/7 Limited (Registered number: 11000474)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 23,285 18,136

CURRENT ASSETS
Debtors 6 8,245 13,026
Cash at bank and in hand 404 1,842
8,649 14,868
CREDITORS
Amounts falling due within one year 7 32,755 25,126
NET CURRENT LIABILITIES (24,106 ) (10,258 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(821

)

7,878

CREDITORS
Amounts falling due after more than one
year

8

5,610

15,995
NET LIABILITIES (6,431 ) (8,117 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (6,531 ) (8,217 )
SHAREHOLDERS' FUNDS (6,431 ) (8,117 )

Phoenix Recovery 24/7 Limited (Registered number: 11000474)

Balance Sheet - continued
31 October 2023


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2025 and were signed by:





Mr S A Todd - Director


Phoenix Recovery 24/7 Limited (Registered number: 11000474)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Phoenix Recovery 24/7 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention. The Covid-19 pandemic has adversely impacted on global and UK societies and economies, and this impact has continued into the 2020/2021 financial year. However in the directors' opinion there is no significant uncertainty as to the going concern basis.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

All fixed assets are initially recorded at 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.

Phoenix Recovery 24/7 Limited (Registered number: 11000474)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 4,764 32,574 37,338
Additions 200 10,000 10,200
At 31 October 2023 4,964 42,574 47,538
DEPRECIATION
At 1 November 2022 2,345 16,857 19,202
Charge for year 496 4,555 5,051
At 31 October 2023 2,841 21,412 24,253
NET BOOK VALUE
At 31 October 2023 2,123 21,162 23,285
At 31 October 2022 2,419 15,717 18,136

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,245 13,026

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,760 1,760
Trade creditors 14,661 7,624
Taxation and social security 11,085 6,515
Other creditors 5,249 9,227
32,755 25,126

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 5,610 5,995
Other creditors - 10,000
5,610 15,995

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100