| Registered Number:12851520 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2024
Phoenix Intelligence Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Phoenix Intelligence Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
150
295
2
150
295
| Trade and other receivables |
542
5,264
3
-
| Cash and cash equivalents |
70
5,334
542
| Trade and other payables: amounts falling due within one |
| year |
(780)
(5,408)
4
(238)
(74)
Net current liabilities
| Total assets less current liabilities |
76
57
(29)
(56)
| Provisions for liabilities |
47
Net assets
1
1
1
46
-
47
1
Shareholders' funds
| For the year ended 30 September 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 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 proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 21 August 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 September 2024
Phoenix Intelligence Ltd
Notes to the Financial Statements
Statutory Information
| Phoenix Intelligence Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 12851520. |
4 Park Close
Dudley
West Midlands
DY1 4JL
| The presentation currency is £ sterling. |
| This is the currency of the primary economic market in which the entity operates (its functional currency). All amounts |
| in these financial statements have been rounded to the nearest pound unless otherwise stated. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
| Even though the company had net current liabilities at the balance sheet date, the director has given assurances to |
| financially support the company for the foreseeable future. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Deferred tax
| Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense. Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted. 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. |
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For the year ended 30 September 2024
Phoenix Intelligence Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
440
440
| Provision for depreciation and impairment |
145
Charge for year
145
290
150
295
| 3. Trade and other receivables |
2023
2024
5,264
542
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
| Taxation and social security |
4,628
-
780
780
5,408
780
| 5. Related party transactions |
| At 30 September 2024 the director owed the company £3,935 (2023 - £541). Interest was charged at the official rate |
| of 2.25%. This amount is included in other debtors. |
| 6. Average number of persons employed |
During the year the average number of employees was 0
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