Company Registration No. 03135186 (England and Wales)
Phoenix Electrical Engineering Services Limited
Unaudited accounts
for the year ended 31 December 2024
Phoenix Electrical Engineering Services Limited
Unaudited accounts
Contents
Phoenix Electrical Engineering Services Limited
Company Information
for the year ended 31 December 2024
Directors
Mrs Kathleen Trewern
Mr Terence Trewern
Mr Kevin Trewern
Mr Ross Trewern
Secretary
Mrs Kathleen Trewern
Company Number
03135186 (England and Wales)
Registered Office
Hunters Lodge
Virginstow
Beaworthy
Launceston
EX21 5EA
Accountants
The Fresh Accountancy Company Limited
Orchard House
Clyst St Mary
Exeter
Devon
EX5 1BR
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Phoenix Electrical Engineering Services Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Phoenix Electrical Engineering Services Limited for the year ended
31 December 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
The Fresh Accountancy Company Limited
Chartered Accountants
Orchard House
Clyst St Mary
Exeter
Devon
EX5 1BR
15 July 2025
Phoenix Electrical Engineering Services Limited
Statement of financial position
as at 31 December 2024
Tangible assets
156,222
144,052
Cash at bank and in hand
23,597
43,912
Creditors: amounts falling due within one year
(139,609)
(155,360)
Net current liabilities
(21,032)
(3,114)
Total assets less current liabilities
135,190
140,938
Creditors: amounts falling due after more than one year
(36,279)
(60,606)
Called up share capital
50
50
Profit and loss account
98,861
80,282
Shareholders' funds
98,911
80,332
For the year ending 31 December 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 15 July 2025 and were signed on its behalf by
Mr Terence Trewern
Director
Company Registration No. 03135186
Phoenix Electrical Engineering Services Limited
Notes to the Accounts
for the year ended 31 December 2024
Phoenix Electrical Engineering Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03135186. The registered office is Hunters Lodge, Virginstow, Beaworthy, Launceston, EX21 5EA.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
Various rates depending on the life of the asset
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Phoenix Electrical Engineering Services Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2024
34,096
207,985
242,081
Disposals
-
(21,620)
(21,620)
At 31 December 2024
34,096
236,227
270,323
At 1 January 2024
-
98,029
98,029
Charge for the year
-
18,921
18,921
On disposals
-
(2,849)
(2,849)
At 31 December 2024
-
114,101
114,101
At 31 December 2024
34,096
122,126
156,222
At 31 December 2023
34,096
109,956
144,052
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
69,807
76,538
Accrued income and prepayments
15,173
4,880
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
45,455
82,955
Obligations under finance leases and hire purchase contracts
11,023
-
Trade creditors
42,146
26,834
Amounts owed to group undertakings and other participating interests
5,100
2,600
Taxes and social security
22,763
7,661
Other creditors
6,851
1,480
Loans from directors
1,165
1,163
Phoenix Electrical Engineering Services Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
21,128
-
8
Transactions with related parties
The company paid rent and management charges of £45,000 (2023 - £73,749) to a company which was controlled by the directors.
The controlling party was Phoenix Holdco Limited
Their registered office is Hunters Lodge, Virginstow, Beaworthy, Devon, EX21 5EA
10
Average number of employees
During the year the average number of employees was 4 (2023: 6).