Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-312025-05-2316No description of principal activity2024-02-01false16falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01849288 2024-02-01 2025-01-31 01849288 2023-02-01 2024-01-31 01849288 2025-01-31 01849288 2024-01-31 01849288 2023-02-01 01849288 c:Director3 2024-02-01 2025-01-31 01849288 c:Director4 2024-02-01 2025-01-31 01849288 d:PlantMachinery 2024-02-01 2025-01-31 01849288 d:PlantMachinery 2025-01-31 01849288 d:PlantMachinery 2024-01-31 01849288 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01849288 d:MotorVehicles 2024-02-01 2025-01-31 01849288 d:MotorVehicles 2025-01-31 01849288 d:MotorVehicles 2024-01-31 01849288 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01849288 d:FurnitureFittings 2024-02-01 2025-01-31 01849288 d:FurnitureFittings 2025-01-31 01849288 d:FurnitureFittings 2024-01-31 01849288 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01849288 d:OtherPropertyPlantEquipment 2024-02-01 2025-01-31 01849288 d:OtherPropertyPlantEquipment 2025-01-31 01849288 d:OtherPropertyPlantEquipment 2024-01-31 01849288 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01849288 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01849288 d:CurrentFinancialInstruments 2025-01-31 01849288 d:CurrentFinancialInstruments 2024-01-31 01849288 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 01849288 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 01849288 d:ShareCapital 2025-01-31 01849288 d:ShareCapital 2024-01-31 01849288 d:CapitalRedemptionReserve 2025-01-31 01849288 d:CapitalRedemptionReserve 2024-01-31 01849288 d:RetainedEarningsAccumulatedLosses 2025-01-31 01849288 d:RetainedEarningsAccumulatedLosses 2024-01-31 01849288 c:FRS102 2024-02-01 2025-01-31 01849288 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 01849288 c:FullAccounts 2024-02-01 2025-01-31 01849288 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 01849288 d:WithinOneYear 2025-01-31 01849288 d:WithinOneYear 2024-01-31 01849288 d:BetweenOneFiveYears 2025-01-31 01849288 d:BetweenOneFiveYears 2024-01-31 01849288 2 2024-02-01 2025-01-31 01849288 d:AcceleratedTaxDepreciationDeferredTax 2025-01-31 01849288 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 01849288 d:TaxLossesCarry-forwardsDeferredTax 2025-01-31 01849288 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 01849288 d:RetirementBenefitObligationsDeferredTax 2025-01-31 01849288 d:RetirementBenefitObligationsDeferredTax 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 01849288


PHOENIX COUNTY METALS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JANUARY 2025

 
PHOENIX COUNTY METALS LIMITED
REGISTERED NUMBER:01849288

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
107,640
33,492

Current assets
  

Stocks
  
1,075,385
714,358

Debtors: amounts falling due within one year
 5 
133,374
145,174

Cash at bank and in hand
 6 
692,168
415,230

  
1,900,927
1,274,762

Creditors: amounts falling due within one year
 7 
(214,150)
(122,730)

Net current assets
  
 
 
1,686,777
 
 
1,152,032

Total assets less current liabilities
  
1,794,417
1,185,524

Provisions for liabilities
  

Deferred tax
 8 
(25,314)
-

  
 
 
(25,314)
 
 
-

Net assets
  
1,769,103
1,185,524


Capital and reserves
  

Called up share capital 
  
105
105

Capital redemption reserve
  
45
45

Profit and loss account
  
1,768,953
1,185,374

  
1,769,103
1,185,524


Page 1

 
PHOENIX COUNTY METALS LIMITED
REGISTERED NUMBER:01849288
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
J L Johnson
................................................
L E Hopkins
Director
Director


Date: 23 May 2025


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PHOENIX COUNTY METALS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Phoenix County Metals Limited is a private company limited by shares, incorporated in England and Wales, registered number 01849288. The registered office is Century House, The Lakes, Northampton, NN4 7HD. The principal place of business is Great Central Way, Woodford Halse, Daventry, NN11 3PZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
over 5 years
Motor vehicles
-
over 4 years
Fixtures and fittings
-
over 3 years
Property improvements
-
over 10 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Page 3

 
PHOENIX COUNTY METALS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
PHOENIX COUNTY METALS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.11

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Page 5

 
PHOENIX COUNTY METALS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.15

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2024 - 16).

Page 6

 
PHOENIX COUNTY METALS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Property improvements
Total

£
£
£
£
£



Cost or valuation


At 1 February 2024
444,949
20,850
66,575
34,624
566,998


Additions
51,635
34,387
812
-
86,834


Disposals
(37,846)
(20,850)
-
-
(58,696)



At 31 January 2025

458,738
34,387
67,387
34,624
595,136



Depreciation


At 1 February 2024
425,569
20,850
65,907
21,180
533,506


Charge for the year on owned assets
8,128
2,149
315
2,094
12,686


Disposals
(37,846)
(20,850)
-
-
(58,696)



At 31 January 2025

395,851
2,149
66,222
23,274
487,496



Net book value



At 31 January 2025
62,887
32,238
1,165
11,350
107,640



At 31 January 2024
19,380
-
668
13,444
33,492


5.


Debtors

2025
2024
£
£


Trade debtors
89,049
71,329

Amounts owed by group undertakings
1,250
1,250

Other debtors
26,774
3,373

Prepayments and accrued income
16,301
61,754

Deferred taxation
-
7,468

133,374
145,174


Page 7

 
PHOENIX COUNTY METALS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
692,168
415,230



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
37,640
71,120

Corporation tax
162,215
-

Other taxation and social security
-
4,383

Other creditors
2,315
5,082

Accruals and deferred income
11,980
42,145

214,150
122,730



8.


Deferred taxation




2025
2024


£

£






At beginning of year
7,468
(3,803)


Charged to profit or loss
(32,782)
11,271



At end of year
(25,314)
7,468

2025
2024
£
£


Accelerated capital allowances
(25,314)
(6,710)

Tax losses carried forward
-
13,946

Short term timing differences
-
232

(25,314)
7,468

Page 8

 
PHOENIX COUNTY METALS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


9.


Pension commitments

The company operates defined contribution pension schemes for directors and employees. The assets of the schemes are held separately from those of the company in independently administered funds.  Contributions totalling £Nil (2024 - £2,543) were payable to the funds at the Balance Sheet date.


10.


Commitments under operating leases

At 31 January 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
12,000
12,000

Later than 1 year and not later than 5 years
30,000
42,000

42,000
54,000

 
Page 9