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REGISTERED NUMBER: 03688306 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Phoenix Data Management Limited

Phoenix Data Management Limited (Registered number: 03688306)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phoenix Data Management Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: R W Nash





REGISTERED OFFICE: Albion Parade
Gravesend
Kent
DA12 2RN





REGISTERED NUMBER: 03688306 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Phoenix Data Management Limited (Registered number: 03688306)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 393,798 385,580
393,798 385,580

CURRENT ASSETS
Debtors 6 150,088 148,099
Cash at bank 46,334 68,080
196,422 216,179
CREDITORS
Amounts falling due within one year 7 (199,030 ) (69,382 )
NET CURRENT (LIABILITIES)/ASSETS (2,608 ) 146,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,190

532,377

CREDITORS
Amounts falling due after more than one year 8 (32,587 ) (24,079 )

PROVISIONS FOR LIABILITIES 9 (51,539 ) (50,543 )
NET ASSETS 307,064 457,755

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10 307,063 457,754
SHAREHOLDERS' FUNDS 307,064 457,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Data Management Limited (Registered number: 03688306)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





R W Nash - Director


Phoenix Data Management Limited (Registered number: 03688306)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Phoenix Data Management 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. 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 represents net invoiced sales of goods, excluding value added tax.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 5% to 25% on cost
Motor vehicles - 25% on cost

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 10 (2023 - 14 ) .

Phoenix Data Management Limited (Registered number: 03688306)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 30,000
AMORTISATION
At 1 October 2023
and 30 September 2024 30,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 1,166,540 34,700 1,201,240
Additions 53,000 39,990 92,990
Disposals - (34,700 ) (34,700 )
At 30 September 2024 1,219,540 39,990 1,259,530
DEPRECIATION
At 1 October 2023 780,960 34,700 815,660
Charge for year 74,774 9,998 84,772
Eliminated on disposal - (34,700 ) (34,700 )
At 30 September 2024 855,734 9,998 865,732
NET BOOK VALUE
At 30 September 2024 363,806 29,992 393,798
At 30 September 2023 385,580 - 385,580

Phoenix Data Management Limited (Registered number: 03688306)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Disposals (25,750 )
At 30 September 2024 (25,750 )
DEPRECIATION
Eliminated on disposal (25,750 )
At 30 September 2024 (25,750 )
NET BOOK VALUE
At 30 September 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 149,030 140,351
Prepayments and accrued income 1,058 7,748
150,088 148,099

The directors consider the carrying value of trade and other receivables approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,161 9,909
Hire purchase contracts 7,014 -
Trade creditors 94,331 6,361
Corporation tax (21 ) 2
Social security and other tax 7,199 5,960
VAT 14,035 16,954
Other creditors 25,520 27,828
Accrued expenses 40,791 2,368
199,030 69,382

The directors consider the carrying amounts of current liabilities approximate to their fair values.

Phoenix Data Management Limited (Registered number: 03688306)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,418 10,161
Bank loans - 2-5 years 3,502 13,918
Hire purchase contracts 18,667 -
32,587 24,079

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 51,539 50,543

Deferred
tax
£   
Balance at 1 October 2023 50,543
Accelerated capital allowances 996
Balance at 30 September 2024 51,539

10. RESERVES
Retained
earnings
£   

At 1 October 2023 457,754
Deficit for the year (150,691 )
At 30 September 2024 307,063

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

11. RELATED PARTY DISCLOSURES

During the year, £446,797 (2023 : £258,910) was paid to Feabrex Limited under rent and other premises expenses, for use of its premises.

At the year end Nil (2023 : £27,348) was due to Feabrex Ltd. This is included in other creditors.

At the year end £10,000 (2023 : £419) was due to shareholder P A Nash. This is included in other creditors.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of the shareholders R W Nash and P A Nash.