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REGISTERED NUMBER: 05722180 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

PHOENIX BALANCING LIMITED

PHOENIX BALANCING LIMITED (REGISTERED NUMBER: 05722180)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHOENIX BALANCING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTOR: S W Davis





REGISTERED OFFICE: 176 Fletchamstead Highway
Industrial Estate
Fletchamstead Highway
Coventry
CV4 7BB





REGISTERED NUMBER: 05722180 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants & Registered Auditors
Empress House
43a Binley Road
Coventry
CV3 1HU

PHOENIX BALANCING LIMITED (REGISTERED NUMBER: 05722180)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,031 813

CURRENT ASSETS
Stocks 5 23,974 10,350
Debtors 6 69,170 69,984
Cash at bank and in hand 155,057 144,913
248,201 225,247
CREDITORS
Amounts falling due within one year 7 54,309 60,951
NET CURRENT ASSETS 193,892 164,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,923

165,109

PROVISIONS FOR LIABILITIES 758 154
NET ASSETS 196,165 164,955

CAPITAL AND RESERVES
Called up share capital 8 50 50
Capital redemption reserve 9 50 50
Retained earnings 9 196,065 164,855
SHAREHOLDERS' FUNDS 196,165 164,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 BALANCING LIMITED (REGISTERED NUMBER: 05722180)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 18 August 2025 and were signed by:





S W Davis - Director


PHOENIX BALANCING LIMITED (REGISTERED NUMBER: 05722180)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Phoenix Balancing 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 and services, excluding value added tax. Turnover is recognised in the period that goods are supplied or the service is carried out.

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 - 25% on reducing balance
Office equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

PHOENIX BALANCING LIMITED (REGISTERED NUMBER: 05722180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 4 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 March 2024 41,685 - 41,685
Additions - 3,227 3,227
At 28 February 2025 41,685 3,227 44,912
DEPRECIATION
At 1 March 2024 40,872 - 40,872
Charge for year 203 806 1,009
At 28 February 2025 41,075 806 41,881
NET BOOK VALUE
At 28 February 2025 610 2,421 3,031
At 29 February 2024 813 - 813

5. STOCKS
2025 2024
£    £   
Work-in-progress 23,974 10,350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 41,450 47,777
Other debtors 27,720 22,207
69,170 69,984

PHOENIX BALANCING LIMITED (REGISTERED NUMBER: 05722180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 24,489 2,664
Taxation and social security 27,646 39,866
Other creditors 2,174 18,421
54,309 60,951

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
50 Ordinary £1 50 50

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 March 2024 164,855 50 164,905
Profit for the year 68,210 68,210
Dividends (37,000 ) (37,000 )
At 28 February 2025 196,065 50 196,115

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
S W Davis
Balance outstanding at start of year 10,274 10,471
Amounts advanced 46,581 36,958
Amounts repaid (37,000 ) (37,155 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,855 10,274

The loan is interest free and repayable upon demand.