IRIS Accounts Production v25.1.0.734 03859061 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038590612024-01-31038590612025-01-31038590612024-02-012025-01-31038590612023-01-31038590612023-02-012024-01-31038590612024-01-3103859061ns15:EnglandWales2024-02-012025-01-3103859061ns14:PoundSterling2024-02-012025-01-3103859061ns10:Director12024-02-012025-01-3103859061ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3103859061ns10:SmallEntities2024-02-012025-01-3103859061ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3103859061ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3103859061ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3103859061ns10:FullAccounts2024-02-012025-01-3103859061ns10:Director22024-02-012025-01-3103859061ns10:Director32024-02-012025-01-3103859061ns10:CompanySecretary12024-02-012025-01-3103859061ns10:RegisteredOffice2024-02-012025-01-3103859061ns5:CurrentFinancialInstruments2025-01-3103859061ns5:CurrentFinancialInstruments2024-01-3103859061ns5:Non-currentFinancialInstruments2025-01-3103859061ns5:Non-currentFinancialInstruments2024-01-3103859061ns5:ShareCapital2025-01-3103859061ns5:ShareCapital2024-01-3103859061ns5:CapitalRedemptionReserve2025-01-3103859061ns5:CapitalRedemptionReserve2024-01-3103859061ns5:RetainedEarningsAccumulatedLosses2025-01-3103859061ns5:RetainedEarningsAccumulatedLosses2024-01-3103859061ns5:LeaseholdImprovements2024-02-012025-01-3103859061ns5:PlantMachinery2024-02-012025-01-3103859061ns5:FurnitureFittings2024-02-012025-01-3103859061ns5:MotorVehicles2024-02-012025-01-3103859061ns5:ComputerEquipment2024-02-012025-01-3103859061ns5:LeaseholdImprovements2024-01-3103859061ns5:PlantMachinery2024-01-3103859061ns5:FurnitureFittings2024-01-3103859061ns5:LeaseholdImprovements2025-01-3103859061ns5:PlantMachinery2025-01-3103859061ns5:FurnitureFittings2025-01-3103859061ns5:LeaseholdImprovements2024-01-3103859061ns5:PlantMachinery2024-01-3103859061ns5:FurnitureFittings2024-01-3103859061ns5:MotorVehicles2024-01-3103859061ns5:ComputerEquipment2024-01-3103859061ns5:MotorVehicles2025-01-3103859061ns5:ComputerEquipment2025-01-3103859061ns5:MotorVehicles2024-01-3103859061ns5:ComputerEquipment2024-01-3103859061ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3103859061ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3103859061ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-01-3103859061ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3103859061ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2025-01-3103859061ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3103859061ns5:WithinOneYear2025-01-3103859061ns5:WithinOneYear2024-01-3103859061ns5:BetweenOneFiveYears2025-01-3103859061ns5:BetweenOneFiveYears2024-01-3103859061ns5:AllPeriods2025-01-3103859061ns5:AllPeriods2024-01-3103859061ns5:AcceleratedTaxDepreciationDeferredTax2025-01-3103859061ns5:AcceleratedTaxDepreciationDeferredTax2024-01-3103859061ns5:DeferredTaxation2024-01-3103859061ns5:DeferredTaxation2024-02-012025-01-3103859061ns5:DeferredTaxation2025-01-31
REGISTERED NUMBER: 03859061 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Phoenix Carpet Sales Limited

Phoenix Carpet Sales Limited (Registered number: 03859061)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phoenix Carpet Sales Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: J Albutt
M V G Tanner
Mrs J Tanner





SECRETARY: M V G Tanner





REGISTERED OFFICE: 28 Worcester Road
Bromsgrove
Worcestershire
B61 7AE





REGISTERED NUMBER: 03859061 (England and Wales)





ACCOUNTANTS: Attwoods
Chartered Certified Accountants
182 Worcester Road
Bromsgrove
Worcestershire
B61 7AZ

Phoenix Carpet Sales Limited (Registered number: 03859061)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 352,689 366,188

CURRENT ASSETS
Stocks 42,564 56,450
Debtors 5 36,806 45,388
Cash at bank and in hand 164,782 111,855
244,152 213,693
CREDITORS
Amounts falling due within one year 6 139,992 124,888
NET CURRENT ASSETS 104,160 88,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,849

454,993

CREDITORS
Amounts falling due after more than one year 7 (291,373 ) (300,747 )

PROVISIONS FOR LIABILITIES 9 (2,346 ) (4,418 )
NET ASSETS 163,130 149,828

CAPITAL AND RESERVES
Called up share capital 101 101
Capital redemption reserve 101 101
Retained earnings 162,928 149,626
SHAREHOLDERS' FUNDS 163,130 149,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Carpet Sales Limited (Registered number: 03859061)

Balance Sheet - continued
31 January 2025


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 22 April 2025 and were signed on its behalf by:





M V G Tanner - Director


Phoenix Carpet Sales Limited (Registered number: 03859061)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Phoenix Carpet Sales 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.
Improvements to property - 1% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Phoenix Carpet Sales Limited (Registered number: 03859061)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

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 9 (2024 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2024 367,837 4,609 29,064
Additions - 464 -
Disposals - - -
At 31 January 2025 367,837 5,073 29,064
DEPRECIATION
At 1 February 2024 21,980 1,844 25,400
Charge for year 3,678 966 1,386
Eliminated on disposal - - -
At 31 January 2025 25,658 2,810 26,786
NET BOOK VALUE
At 31 January 2025 342,179 2,263 2,278
At 31 January 2024 345,857 2,765 3,664

Phoenix Carpet Sales Limited (Registered number: 03859061)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 66,690 6,758 474,958
Additions - 7,166 7,630
Disposals - (1,340 ) (1,340 )
At 31 January 2025 66,690 12,584 481,248
DEPRECIATION
At 1 February 2024 55,243 4,303 108,770
Charge for year 11,072 2,965 20,067
Eliminated on disposal - (278 ) (278 )
At 31 January 2025 66,315 6,990 128,559
NET BOOK VALUE
At 31 January 2025 375 5,594 352,689
At 31 January 2024 11,447 2,455 366,188

5. DEBTORS
31.1.25 31.1.24
£    £   
Amounts falling due within one year:
Trade debtors 30,158 33,266
Prepayments less than one year 6,487 12,122
36,645 45,388

Amounts falling due after more than one year:
Prepayments more than one year 161 -

Aggregate amounts 36,806 45,388

Phoenix Carpet Sales Limited (Registered number: 03859061)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 8,893 12,539
Trade creditors 39,873 59,461
Credit card 24,387 37
Taxation 18,637 14,493
Social security and other taxes 3,009 2,311
VAT 25,633 23,207
Pensions 646 505
Accruals & deferred income 18,914 12,335
139,992 124,888

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans - 1-5 years 43,489 55,181
Bank loans more 5 yr by instal 247,884 245,566
291,373 300,747

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 247,884 245,566

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.25 31.1.24
£    £   
Within one year - 19,950
Between one and five years - 14,963
- 34,913

9. PROVISIONS FOR LIABILITIES
31.1.25 31.1.24
£    £   
Deferred tax
Accelerated capital allowances 2,346 4,418

Phoenix Carpet Sales Limited (Registered number: 03859061)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2024 4,418
Provided during year (2,072 )
Balance at 31 January 2025 2,346