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REGISTERED NUMBER: 06685859 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Phoenix Document Solutions Limited

Phoenix Document Solutions Limited (Registered number: 06685859)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Phoenix Document Solutions Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs C E West
C D A West





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 06685859 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Phoenix Document Solutions Limited (Registered number: 06685859)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 4,080 2,750

CURRENT ASSETS
Debtors 6 22,405 29,328
Cash at bank 69,976 74,201
92,381 103,529
CREDITORS
Amounts falling due within one year 7 31,362 32,883
NET CURRENT ASSETS 61,019 70,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,099

73,396

CREDITORS
Amounts falling due after more than one
year

8

(6,166

)

(13,567

)

PROVISIONS FOR LIABILITIES (819 ) (523 )
NET ASSETS 58,114 59,306

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 58,109 59,301
SHAREHOLDERS' FUNDS 58,114 59,306

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Phoenix Document Solutions Limited (Registered number: 06685859)

Statement of Financial Position - continued
31 August 2024


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 Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





Mrs C E West - Director


Phoenix Document Solutions Limited (Registered number: 06685859)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Phoenix Document Solutions 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 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 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.
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 Document Solutions Limited (Registered number: 06685859)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 3,580 11,351 7,714 22,645
Additions - - 2,443 2,443
Disposals - - (2,052 ) (2,052 )
At 31 August 2024 3,580 11,351 8,105 23,036
DEPRECIATION
At 1 September 2023 2,029 11,351 6,515 19,895
Charge for year 357 - 756 1,113
Eliminated on disposal - - (2,052 ) (2,052 )
At 31 August 2024 2,386 11,351 5,219 18,956
NET BOOK VALUE
At 31 August 2024 1,194 - 2,886 4,080
At 31 August 2023 1,551 - 1,199 2,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 14,478 20,252
Prepayments 7,927 9,076
22,405 29,328

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 7,400 7,400
Trade creditors 2,137 657
Tax 11,233 8,876
Social security and other taxes - 8
VAT 7,354 5,187
Other creditors 1,379 289
Directors' current accounts 1,859 3,730
Accrued expenses - 6,736
31,362 32,883

Phoenix Document Solutions Limited (Registered number: 06685859)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 6,166 7,400
Bank loans - 2-5 years - 6,167
6,166 13,567