Company Registration No. SC443925 (Scotland)
Phoenix Soft Furnishings Ltd
Unaudited accounts
for the year ended 27 June 2024
Phoenix Soft Furnishings Ltd
Unaudited accounts
Contents
Phoenix Soft Furnishings Ltd
Company Information
for the year ended 27 June 2024
Directors
Elizabeth Davidson
Caroline Roy
Company Number
SC443925 (Scotland)
Registered Office
Unit 8 Tazcalgan Court
Barnpark Business Estate
Tillicoultry
FK13 6BP
Accountants
Caldwell Accountancy Services
Alloa Business Centre
Whins Road
Alloa
Clackmannanshire
FK10 3SA
Phoenix Soft Furnishings Ltd
Statement of financial position
as at 27 June 2024
Cash at bank and in hand
97
-
Creditors: amounts falling due within one year
(102,570)
(91,160)
Net current assets
1,605
943
Total assets less current liabilities
1,605
4,002
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
1,505
2,740
Shareholders' funds
1,605
2,840
For the year ending 27 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by
Elizabeth Davidson
Director
Company Registration No. SC443925
Phoenix Soft Furnishings Ltd
Notes to the Accounts
for the year ended 27 June 2024
Phoenix Soft Furnishings Ltd is a private company, limited by shares, registered in Scotland, registration number SC443925. The registered office is Unit 8 Tazcalgan Court, Barnpark Business Estate, Tillicoultry, FK13 6BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on cost
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 28 June 2023
953
7,609
15,295
23,857
At 27 June 2024
953
7,609
15,295
23,857
At 28 June 2023
953
7,609
12,236
20,798
Charge for the year
-
-
3,059
3,059
At 27 June 2024
953
7,609
15,295
23,857
At 27 June 2023
-
-
3,059
3,059
Amounts falling due within one year
Accrued income and prepayments
38
37
Other debtors
95,112
78,300
Phoenix Soft Furnishings Ltd
Notes to the Accounts
for the year ended 27 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,761
13,811
Taxes and social security
33,277
31,889
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Mrs E Davidson
15,665
23,412
20,051
19,026
Ms C Roy
45,225
26,590
17,571
54,244
60,890
50,002
37,622
73,270
There is a balance of £73,270 (2023 £60,890) due from the directors included in other debtors. Interest is charged at a rate of 2.25% on balances over £10,000.
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).