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REGISTERED NUMBER: 03357335 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PHOENIX GROUP CONSTRUCTION LIMITED

PHOENIX GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03357335)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHOENIX GROUP CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: G C S Roff





SECRETARY: Mrs J Roff





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 03357335 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

PHOENIX GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03357335)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 44,323 18,682
Investments 5 4 4
44,327 18,686

CURRENT ASSETS
Stocks 6 1,200 1,200
Debtors 7 345,931 304,179
Cash at bank and in hand 457,266 403,041
804,397 708,420
CREDITORS
Amounts falling due within one year 8 336,547 310,430
NET CURRENT ASSETS 467,850 397,990
TOTAL ASSETS LESS CURRENT LIABILITIES 512,177 416,676

PROVISIONS FOR LIABILITIES 11,081 4,671
NET ASSETS 501,096 412,005

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 500,896 411,805
501,096 412,005

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.

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 26 June 2025 and were signed by:





G C S Roff - Director


PHOENIX GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03357335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents sales of goods and services net of VAT and trade discounts for goods. Turnover is recognised when the goods are physically delivered to the customer or at the point the customer is entitled to consideration for services provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of ten years.

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.
Improvements to property - Over the term of the lease
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

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

Hire purchase and leasing commitments
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

PHOENIX GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03357335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 56,844
AMORTISATION
At 1 October 2023
and 30 September 2024 56,844
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 50,874 46,658 45,752
Additions - 1,333 -
At 30 September 2024 50,874 47,991 45,752
DEPRECIATION
At 1 October 2023 50,874 43,604 39,665
Charge for year - 1,188 915
At 30 September 2024 50,874 44,792 40,580
NET BOOK VALUE
At 30 September 2024 - 3,199 5,172
At 30 September 2023 - 3,054 6,087

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 14,020 7,525 164,829
Additions 29,600 - 30,933
At 30 September 2024 43,620 7,525 195,762
DEPRECIATION
At 1 October 2023 11,867 137 146,147
Charge for year 681 2,508 5,292
At 30 September 2024 12,548 2,645 151,439
NET BOOK VALUE
At 30 September 2024 31,072 4,880 44,323
At 30 September 2023 2,153 7,388 18,682

PHOENIX GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03357335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 4
NET BOOK VALUE
At 30 September 2024 4
At 30 September 2023 4

The unlisted investments represent 2 shares in Phoenix Health & Safety Limited and 2 shares in Phoenix Systems (Storage Specialists) Limited. These are 100% shareholdings and both companies remain dormant.

6. STOCKS
2024 2023
£    £   
Stocks 1,200 1,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 190,806 303,429
Prepayments and accrued income 152,021 -
Prepayments 3,104 750
345,931 304,179

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 243,436 118,066
Tax 32,647 20,797
Social security and other taxes 7,909 11,711
VAT 30,860 26,688
Other creditors 6,445 10,927
Directors' loan accounts 12,357 107,357
Accruals and deferred income - 11,834
Accrued expenses 2,893 3,050
336,547 310,430

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year G C S Roff decreased his loan to the company. As at 30 September 2024, the company owed him £12,357 (2023: £107,357). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

Also during the year, the company paid G C S Roff rent amounting to £2,688 (2023: £2,277) as a result of utilising office space within his home.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G C S Roff and Mrs J Roff.

This was by virtue of their joint 90% holding of the ordinary share capital.