Phoenix Boiler Specialists Ltd 31/12/2024 iXBRL

Company registration number: 13795665

Phoenix Boiler Specialists Ltd

Unaudited filleted financial statements

31 December 2024

Phoenix Boiler Specialists Ltd

Contents

Directors and other information

Accountant's report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Phoenix Boiler Specialists Ltd

Directors and other information


	Directors	Mr Joe Harden


	Company number	13795665


	Registered office	563 Norwich Road
		Ipswich
		Suffolk
		IP1 6JU


	Business address	563 Norwich Road
		Ipswich
		Suffolk
		IP1 6JU


	Accountant	Simon Emmerson MAAT AATQB
		Deeks and King
		Unit 2 The Rutherford Centre, Dunlop Road
		Hadleigh Road Industrial Estate
		Ipswich, Suffolk
		IP2 0UG




	Bankers	TSB Bank

Phoenix Boiler Specialists Ltd

Accountants Report to the board of directors on the preparation of the

unaudited statutory financial statements of Phoenix Boiler Specialists Ltd

Year ended 31 December 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024 which comprise the statement of financial position, statement of changes in equity and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.

Simon Emmerson MAAT AATQB

Deeks and King

Unit 2 The Rutherford Centre, Dunlop Road

Hadleigh Road Industrial Estate

Ipswich, Suffolk

IP2 0UG

10 September 2025

Phoenix Boiler Specialists Ltd

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	828		1,009
		_______		_______
			828		1,009

Current assets
Stocks		1,000		1,000
Debtors	6	470		5,480
Cash at bank and in hand		3,719		46
		_______		_______
		5,189		6,526
Creditors: amounts falling due
within one year	7	( 1,545)		( 3,183)
		_______		_______
Net current assets			3,644		3,343
			_______		_______
Total assets less current liabilities			4,472		4,352

			_______		_______
Net assets			4,472		4,352
			_______		_______

Capital and reserves
Profit and loss account			4,472		4,352
			_______		_______
Shareholder funds			4,472		4,352
			_______		_______

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.

Directors responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

Mr Joe Harden

Director

Company registration number: 13795665

Phoenix Boiler Specialists Ltd

Statement of changes in equity

Year ended 31 December 2024

	Profit and loss account	Total
	£	£


At 1 January 2023	5,466	5,466

Profit/(loss) for the year	( 1,114)	( 1,114)
	_______	_______
Total comprehensive income for the year	( 1,114)	( 1,114)

	_______	_______
At 31 December 2023 and 1 January 2024	4,352	4,352

Profit/(loss) for the year	120	120
	_______	_______
Total comprehensive income for the year	120	120

	_______	_______
At 31 December 2024	4,472	4,472
	_______	_______

Phoenix Boiler Specialists Ltd

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 563 Norwich Road, Ipswich, Suffolk, IP1 6JU.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2023: Nil).

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	1,230	1,230
	_______	_______
Depreciation
At 1 January 2024	221	221
Charge for the year	181	181
	_______	_______
At 31 December 2024	402	402
	_______	_______
Carrying amount
At 31 December 2024	828	828
	_______	_______
At 31 December 2023	1,009	1,009
	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	470	5,480
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	461	500
Social security and other taxes	163	1,643
Other creditors	921	1,040
	_______	_______
	1,545	3,183
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Joe Harden	( 1,040)	( 520)	639	( 921)
		_______	_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Joe Harden	( 520)	( 520)	-	( 1,040)
		_______	_______	_______	_______