Registration number: 05711134

Phoenix Bespoke Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 7

Phoenix Bespoke Limited

Company Information

Director

Mr David Steven Andrews

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Phoenix Bespoke Limited

Statement of Financial Position as at 31 July 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	27,869	18,482
Current assets
Debtors	5	97,063	39,408
Cash at bank and in hand		7,604	3,911
		104,667	43,319
Creditors: Amounts falling due within one year	6	(88,384)	(77,130)
Net current assets/(liabilities)		16,283	(33,811)
Total assets less current liabilities		44,152	(15,329)
Creditors: Amounts falling due after more than one year	6	(21,155)	(9,531)
Provisions for liabilities		(2,597)	(2,076)
Net assets/(liabilities)		20,400	(26,936)
Capital and reserves
Called up share capital		100	100
Retained earnings		20,300	(27,036)
Shareholders' funds/(deficit)		20,400	(26,936)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of Phoenix Bespoke Limited has elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the director on 23 September 2025
 

.........................................

Mr David Steven Andrews

Director

Phoenix Bespoke Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company during the year was that of the provision of creative design services.

2	Accounting policies

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The company made a profit for the year ended 31 July 2024 and had net assets at that date amounting to £20,400.

The company's latest management accounts show the company has continued to trade profitably subsequent to 31 July 2024, and the director remains confident of future profitability and that the company's services will continue to remain in demand.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

The turnover shown in the profit and loss account represents amounts receivable for services provided in the normal course of activities, exclusive of Value Added Tax and discounts.

The company recognises revenues as services based upon the stage of contractual completion.

Phoenix Bespoke Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	25% reducing balance
Plant & Machinery	25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Phoenix Bespoke Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

Finance leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Statement of Financial Position as a finance lease obligation.

Lease payments are apportioned between finance costs in the Income Statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3	Staff numbers

The average number of persons employed by the company during the year, was 1 (2023 - 1).

4	Tangible assets

	Fixtures & Fittings £	Plant & Machinery £	Total £
Cost or valuation
At 1 August 2023	13,606	52,821	66,427
Additions	-	15,346	15,346
At 31 July 2024	13,606	68,167	81,773
Depreciation
At 1 August 2023	11,528	36,417	47,945
Charge for the year	490	5,469	5,959
At 31 July 2024	12,018	41,886	53,904
Carrying amount
At 31 July 2024	1,588	26,281	27,869
At 31 July 2023	2,078	16,404	18,482

Phoenix Bespoke Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

5

Debtors

	2024 £	2023 £
Trade debtors	17,337	6,628
Other debtors	79,726	32,780
	97,063	39,408

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Loans and borrowings	7	21,724	26,210
Trade creditors		11,235	7,843
Taxation and social security		39,135	18,459
Accruals and deferred income		16,190	15,033
Other creditors		100	9,585
		88,384	77,130