REGISTERED NUMBER: 02540388 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

Phoenix Brands Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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 ) .

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.