1 January 2024 false No description of principal activity Taxfiler 2024.6 true 11998394business:PrivateLimitedCompanyLtd2024-01-012024-12-31 119983942023-12-31 119983942024-01-012024-12-31 11998394business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 11998394business:FilletedAccounts2024-01-012024-12-31 119983942024-12-31 11998394business:Director12024-01-012024-12-31 11998394business:Director22024-01-012024-12-31 11998394business:RegisteredOffice2024-01-012024-12-31 119983942023-12-31 11998394core:WithinOneYear2024-12-31 11998394core:WithinOneYear2023-12-31 11998394core:AfterOneYear2024-12-31 11998394core:AfterOneYear2023-12-31 11998394core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 11998394core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 11998394core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 11998394core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 11998394core:PreviouslyStatedAmount2024-12-31 11998394core:PreviouslyStatedAmount2023-12-31 11998394business:SmallEntities2024-01-012024-12-31 11998394countries:EnglandWales2024-01-012024-12-31 11998394core:LandBuildings2024-01-012024-12-31 11998394core:PlantMachinery2024-01-012024-12-31 11998394core:FurnitureFittings2024-01-012024-12-31 11998394core:ComputerEquipment2024-01-012024-12-31 11998394core:PlantMachinery2023-12-31 11998394core:MotorVehicles2023-12-31 11998394core:FurnitureFittings2023-12-31 11998394core:ComputerEquipment2023-12-31 11998394core:MotorVehicles2024-01-012024-12-31 11998394core:PlantMachinery2024-12-31 11998394core:MotorVehicles2024-12-31 11998394core:FurnitureFittings2024-12-31 11998394core:ComputerEquipment2024-12-31 119983942023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11998394 (England and Wales)
Fhenix Ltd Unaudited accounts for the year ended 31 December 2024
Fhenix Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Fhenix Ltd Company Information for the year ended 31 December 2024
Directors
Rory Keaveny Joseph Keaveny
Company Number
11998394 (England and Wales)
Registered Office
124 City Road London EC1V 2NX
Accountants
Cloudkeepers London Ltd 124 City Road London EC1V 2NX
- 3 -
Fhenix Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,836,144 
2,070,438 
Current assets
Inventories
122,470 
- 
Debtors
5
223,896 
185,562 
Cash at bank and in hand
475,915 
147,760 
822,281 
333,322 
Creditors: amounts falling due within one year
6
(1,698,637)
(1,695,733)
Net current liabilities
(876,356)
(1,362,411)
Total assets less current liabilities
959,788 
708,027 
Creditors: amounts falling due after more than one year
7
(884,285)
(1,244,419)
Net assets/(liabilities)
75,503 
(536,392)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
75,403 
(536,492)
Shareholders' funds
75,503 
(536,392)
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 25 September 2025 and were signed on its behalf by
Rory Keaveny Director Company Registration No. 11998394
- 4 -
Fhenix Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Fhenix Ltd is a private company, limited by shares, registered in England and Wales, registration number 11998394. The registered office is 124 City Road, London, EC1V 2NX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
The financial statements have been prepared on a going concern basis. At 31 December 2024 the company had net assets of £75,503 (2023: net liabilities of £536,392). The directors have reviewed the company’s financial position, including projected cash flows, ongoing business operations, and financial commitment The financial statements have been prepared on a going concern basis. The directors have reviewed the company’s financial position, projected cash flows, and ongoing business operations, and are satisfied that the going concern basis of preparation remains appropriate.
Foreign exchange
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 rates prevailing on the initial transaction dates. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
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:
Land & buildings
10% straight line
Plant & machinery
10% straight line
Fixtures & fittings
10% straight line
Computer equipment
33% straight line
Presentation currency
The accounts are presented in £ sterling.
- 5 -
Fhenix Ltd Notes to the Accounts for the year ended 31 December 2024
Leased assets
Rentals applicable to operating leases, where substantially all benefits and risks of ownership remain with the lessor, are charged to profit or loss on a straight-line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised as fixed assets and depreciated over their useful lives in accordance with the company’s depreciation policy. The corresponding lease or hire purchase obligation is recognised as a liability in the balance sheet. The interest element of finance lease and hire purchase payments is charged to profit or loss over the lease term, based on a constant periodic rate of interest on the remaining balance of the liability.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
1,330,838 
1,831 
1,168,881 
22,283 
2,523,833 
Additions
13,919 
- 
(15,832)
4,658 
2,745 
At 31 December 2024
1,344,757 
1,831 
1,153,049 
26,941 
2,526,578 
Depreciation
At 1 January 2024
170,931 
550 
275,897 
6,017 
453,395 
Charge for the year
117,497 
600 
113,160 
5,782 
237,039 
At 31 December 2024
288,428 
1,150 
389,057 
11,799 
690,434 
Net book value
At 31 December 2024
1,056,329 
681 
763,992 
15,142 
1,836,144 
At 31 December 2023
1,159,907 
1,281 
892,984 
16,266 
2,070,438 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,600 
- 
Accrued income and prepayments
84,346 
48,612 
Other debtors
136,950 
136,950 
223,896 
185,562 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
104,641 
70,565 
Trade creditors
345,627 
630,859 
Taxes and social security
33,334 
28,320 
Other creditors
263,003 
116,722 
Deferred income
952,032 
849,267 
1,698,637 
1,695,733 
- 6 -
Fhenix Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,730 
23,379 
Obligations under finance leases and hire purchase contracts
219,448 
477,938 
Loans from directors
451,654 
560,246 
Accruals
200,453 
182,856 
884,285 
1,244,419 
8
Transactions with related parties
Summary of transactions with other related parties At the year end, the balance due to the shareholder was £451,654. The loan was interest free.
9
Average number of employees
During the year the average number of employees was 52 (2023: 48).
- 7 -