IRIS Accounts Production v25.3.0.601 02540388 director 1.6.24 31.5.25 31.5.25 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02540388 2024-05-31 02540388 2025-05-31 02540388 2024-06-01 2025-05-31 02540388 2023-05-31 02540388 2023-06-01 2024-05-31 02540388 2024-05-31 02540388 ns15:EnglandWales 2024-06-01 2025-05-31 02540388 ns14:PoundSterling 2024-06-01 2025-05-31 02540388 ns10:Director1 2024-06-01 2025-05-31 02540388 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 02540388 ns10:SmallEntities 2024-06-01 2025-05-31 02540388 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 02540388 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 02540388 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 02540388 ns10:FullAccounts 2024-06-01 2025-05-31 02540388 ns10:OrdinaryShareClass1 2024-06-01 2025-05-31 02540388 ns10:RegisteredOffice 2024-06-01 2025-05-31 02540388 ns5:CurrentFinancialInstruments 2025-05-31 02540388 ns5:CurrentFinancialInstruments 2024-05-31 02540388 ns5:ShareCapital 2025-05-31 02540388 ns5:ShareCapital 2024-05-31 02540388 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 02540388 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 02540388 ns5:LeaseholdImprovements 2024-06-01 2025-05-31 02540388 ns5:PlantMachinery 2024-06-01 2025-05-31 02540388 ns5:MotorVehicles 2024-06-01 2025-05-31 02540388 ns5:ComputerEquipment 2024-06-01 2025-05-31 02540388 ns5:LeaseholdImprovements 2024-05-31 02540388 ns5:PlantMachinery 2024-05-31 02540388 ns5:MotorVehicles 2024-05-31 02540388 ns5:ComputerEquipment 2024-05-31 02540388 ns5:LeaseholdImprovements 2025-05-31 02540388 ns5:PlantMachinery 2025-05-31 02540388 ns5:MotorVehicles 2025-05-31 02540388 ns5:ComputerEquipment 2025-05-31 02540388 ns5:LeaseholdImprovements 2024-05-31 02540388 ns5:PlantMachinery 2024-05-31 02540388 ns5:MotorVehicles 2024-05-31 02540388 ns5:ComputerEquipment 2024-05-31 02540388 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 02540388 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 02540388 ns10:OrdinaryShareClass1 2025-05-31

REGISTERED NUMBER: 02540388 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

Phoenix Brands Limited

Phoenix Brands Limited (Registered number: 02540388)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Phoenix Brands Limited

Company Information

for the Year Ended 31 May 2025

| DIRECTOR: | Mr A P Richards

| REGISTERED OFFICE: | C/o Haines Watts

| Keepers Lane

| The Wergs, Wolverhampton

| West Midlands

| WV6 8UA

| REGISTERED NUMBER: | 02540388 (England and Wales)

| ACCOUNTANTS: | Haines Watts Wolverhampton Limited

| Keepers Lane

| The Wergs

| Wolverhampton

| West Midlands

| WV6 8UA

Phoenix Brands Limited (Registered number: 02540388)

Balance Sheet

31 May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 524,991 |  | 540,043 |  |

CURRENT ASSETS

Stocks | 417,787 |  | 477,041 |  |

Debtors | 5 | 4,301,863 |  | 4,173,192 |  |

Cash at bank | 10,347,637 |  | 8,700,191 |  |

15,067,287 |  | 13,350,424 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,405,347 |  | 1,674,483 |  |

NET CURRENT ASSETS | 13,661,940 |  | 11,675,941 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 14,186,931 |  | 12,215,984 |  |

PROVISIONS FOR LIABILITIES | 71,198 |  | 61,307 |  |

NET ASSETS | 14,115,733 |  | 12,154,677 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 100 |  | 100 |  |

Retained earnings | 14,115,633 |  | 12,154,577 |  |

SHAREHOLDERS' FUNDS | 14,115,733 |  | 12,154,677 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Brands Limited (Registered number: 02540388)

Balance Sheet - continued

31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2025 and were signed by:

Mr A P Richards - Director

Phoenix Brands Limited (Registered number: 02540388)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Phoenix Brands 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.

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.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Changes in accounting policies

| The depreciation policy has been changed in the year from reducing balance to straight line.

| Turnover

| The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts.

| Turnover from the provision of goods and services is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | 10% on cost

| Plant and machinery | - | 10% on cost

| Motor vehicles | - | 20% on cost

| Equipment | - | 10% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Phoenix Brands Limited (Registered number: 02540388)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

| Operating lease agreements

| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 29 (2024 - 27 ) .

Phoenix Brands Limited (Registered number: 02540388)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

4. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Plant and |  | Motor |

| property |  | machinery |  | vehicles |  | Equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 June 2024 | 333,064 |  | 1,558,326 |  | 20,583 |  | 10,307 |  | 1,922,280 |  |

| Additions | 12,255 |  | 28,315 |  | - |  | - |  | 40,570 |  |

| At 31 May 2025 | 345,319 |  | 1,586,641 |  | 20,583 |  | 10,307 |  | 1,962,850 |  |

| DEPRECIATION

| At 1 June 2024 | 229,853 |  | 1,133,158 |  | 10,528 |  | 8,698 |  | 1,382,237 |  |

| Charge for year | 34,090 |  | 14,596 |  | 7,388 |  | (452 | ) | 55,622 |  |

| At 31 May 2025 | 263,943 |  | 1,147,754 |  | 17,916 |  | 8,246 |  | 1,437,859 |  |

| NET BOOK VALUE

| At 31 May 2025 | 81,376 |  | 438,887 |  | 2,667 |  | 2,061 |  | 524,991 |  |

| At 31 May 2024 | 103,211 |  | 425,168 |  | 10,055 |  | 1,609 |  | 540,043 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,002,603 |  | 846,358 |  |

| Amounts owed by associates | 1,210,050 |  | 1,210,050 |  |

| Other debtors | 2,089,210 |  | 2,116,784 |  |

4,301,863 |  | 4,173,192 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 436,803 |  | 387,683 |  |

| Taxation and social security | 633,287 |  | 356,497 |  |

| Other creditors | 335,257 |  | 930,303 |  |

1,405,347 |  | 1,674,483 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

8. | OTHER FINANCIAL COMMITMENTS

| Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £192,000 (2024 - £288,000).

9. | ULTIMATE CONTROLLING PARTY

| At the balance sheet date, Phoenix Brands (Holdings) Limited is the ultimate controlling party.