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Registration number: 04001895

Phoenix Automation Limited

Unaudited Filleted Financial Statements

for the Period from 1 December 2023 to 31 March 2025

 

Phoenix Automation Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Phoenix Automation Limited

Company Information

Director

GE Yates

Company secretary

GE Yates

Registered office

Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

 

Phoenix Automation Limited

(Registration number: 04001895)
Balance Sheet as at 31 March 2025

Note

2025
£

2023
£

Current assets

 

Debtors

5

1,034

12,792

Cash at bank and in hand

 

3,337

4,560

 

4,371

17,352

Creditors: Amounts falling due within one year

6

(30,824)

(31,618)

Net liabilities

 

(26,453)

(14,266)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(26,553)

(14,366)

Shareholders' deficit

 

(26,453)

(14,266)

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 June 2025
 

.........................................
GE Yates
Company secretary and director

 

Phoenix Automation Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 2025

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 04001895.

The address of its registered office is:
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

The principal place of business is:
Unit 1
Four Winds industrial Estate
Burstwick
East Yorkshire
HU12 9EF

These financial statements were authorised for issue by the director on 5 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Disclosure of long or short period

The financial statements cover a period of 16 months due to the company ceasing to trade and therefore are not entirely comparable.

Going concern

The company ceased to trade on 31/03/2025.

 

Phoenix Automation Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 2025

Revenue recognition

Turnover arises from the provision of services. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the rendering of machinery repair services in the normal course of business, net of discounts and other sales-related taxes.

Turnover from the provision of services is recognised when the service is performed.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met of each of the companies activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for provision of services sold in the ordinary course of business.

Trade debtors are recognised initially at the transaction price less any bad debts. A provision for the bad debts of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Phoenix Automation Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

1,182

1,182

Disposals

(1,182)

(1,182)

At 31 March 2025

-

-

Depreciation

At 1 December 2023

1,182

1,182

Eliminated on disposal

(1,182)

(1,182)

At 31 March 2025

-

-

Carrying amount

At 31 March 2025

-

-

5

Debtors

Current

2025
£

2023
£

Trade debtors

1,034

12,517

Prepayments

-

275

 

1,034

12,792

 

Phoenix Automation Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2023
£

Due within one year

 

Loans and borrowings

7

28,375

26,392

Trade creditors

 

35

359

Taxation and social security

 

277

3,484

Accruals and deferred income

 

2,137

1,383

 

30,824

31,618

7

Loans and borrowings

Current loans and borrowings

2025
£

2023
£

Other borrowings

28,375

26,392

Other borrowings relate to unsecured Directors' loans.

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £3,300).

9

Related party transactions

Other transactions with the Director

At the year end, the company owed the director £28,375 (2023: £26,392). This amount is unsecured, interest free and repayable on demand,