Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09521607 Mr Matthew Auger Mr Ian McDermott Mr Bradley Ade iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09521607 2023-10-31 09521607 2024-10-31 09521607 2023-11-01 2024-10-31 09521607 frs-core:CurrentFinancialInstruments 2024-10-31 09521607 frs-core:Non-currentFinancialInstruments 2024-10-31 09521607 frs-core:BetweenOneFiveYears 2024-10-31 09521607 frs-core:FurnitureFittings 2024-10-31 09521607 frs-core:FurnitureFittings 2023-11-01 2024-10-31 09521607 frs-core:FurnitureFittings 2023-10-31 09521607 frs-core:MotorVehicles 2024-10-31 09521607 frs-core:MotorVehicles 2023-11-01 2024-10-31 09521607 frs-core:MotorVehicles 2023-10-31 09521607 frs-core:WithinOneYear 2024-10-31 09521607 frs-core:ShareCapital 2024-10-31 09521607 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09521607 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09521607 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09521607 frs-bus:SmallEntities 2023-11-01 2024-10-31 09521607 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09521607 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09521607 frs-bus:Director1 2023-11-01 2024-10-31 09521607 frs-bus:Director2 2023-11-01 2024-10-31 09521607 frs-bus:Director3 2023-11-01 2024-10-31 09521607 frs-core:CurrentFinancialInstruments 8 2024-10-31 09521607 frs-countries:EnglandWales 2023-11-01 2024-10-31 09521607 2022-10-31 09521607 2023-10-31 09521607 2022-11-01 2023-10-31 09521607 frs-core:CurrentFinancialInstruments 2023-10-31 09521607 frs-core:Non-currentFinancialInstruments 2023-10-31 09521607 frs-core:BetweenOneFiveYears 2023-10-31 09521607 frs-core:WithinOneYear 2023-10-31 09521607 frs-core:ShareCapital 2023-10-31 09521607 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09521607 frs-core:CurrentFinancialInstruments 8 2023-10-31
Registered number: 09521607
PhoenixC Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Jupp Castle Limited
ACCA
2nd Floor Stanley House
London Road
Hook
Hampshire
RG27 9GA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09521607
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 168,099 221,653
168,099 221,653
CURRENT ASSETS
Stocks 5 419,282 314,833
Debtors 6 308,275 133,689
Cash at bank and in hand 344,236 184,003
1,071,793 632,525
Creditors: Amounts Falling Due Within One Year 7 (726,323 ) (495,700 )
NET CURRENT ASSETS (LIABILITIES) 345,470 136,825
TOTAL ASSETS LESS CURRENT LIABILITIES 513,569 358,478
Creditors: Amounts Falling Due After More Than One Year 8 (107,247 ) (131,036 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (50,980 ) (50,980 )
NET ASSETS 355,342 176,462
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 355,242 176,362
SHAREHOLDERS' FUNDS 355,342 176,462
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Auger
Director
14 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PhoenixC Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09521607 . The registered office is Unit 5 First Floor Ancells Court, Rye Close, Fleet, Hampshire, GU51 2UY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles Straight line over 4 years
Fixtures & Fittings Reducing balance at 25%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts 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 the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Work in progress is 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 22)
25 22
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 258,467 97,968 356,435
Additions - 23,957 23,957
Disposals - (82 ) (82 )
As at 31 October 2024 258,467 121,843 380,310
Depreciation
As at 1 November 2023 74,337 60,445 134,782
Provided during the period 64,290 13,139 77,429
As at 31 October 2024 138,627 73,584 212,211
Net Book Value
As at 31 October 2024 119,840 48,259 168,099
As at 1 November 2023 184,130 37,523 221,653
5. Stocks
2024 2023
£ £
Work in progress 419,282 314,833
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 258,284 81,844
Prepayments and accrued income 14,056 20,234
Directors' loan accounts 35,935 31,611
308,275 133,689
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,910 29,818
Trade creditors 59,171 28,445
Bank loans and overdrafts - 8,751
Corporation tax 244,525 149,939
Other taxes and social security 71,129 63,239
VAT 174,255 94,650
Other creditors 12,920 8,098
Pensions payable (Current liabilities - creditors < 1 year) 11,021 8,605
Accruals and deferred income 108,248 104,135
Directors' loan accounts 20,144 20
726,323 495,700
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 107,247 131,036
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 24,910 29,818
Later than one year and not later than five years 107,247 131,036
132,157 160,854
132,157 160,854
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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