REGISTERED NUMBER: 05089828 (England and Wales)

A W PHOENIX & SONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M M Phoenix

G D Phoenix

Mrs C M Phoenix

T E Phoenix

SECRETARY:

Mrs C M Phoenix

REGISTERED OFFICE:

Ivy House Farm

Brothertoft

Boston

Lincolnshire

PE20 3SH

REGISTERED NUMBER:

05089828 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Tangible assets

3

3,588,833

3,442,953

CURRENT ASSETS

Stocks

403,526

252,738

Debtors

4

471,380

440,969

Cash at bank and in hand

1,577,183

1,633,814

2,452,089

2,327,521

CREDITORS

Amounts falling due within one year

5

1,086,277

1,105,453

NET CURRENT ASSETS

1,365,812

1,222,068

TOTAL ASSETS LESS CURRENT LIABILITIES

4,954,645

4,665,021

CREDITORS

Amounts falling due after more than one year

6

(79,583

)

-

PROVISIONS FOR LIABILITIES

(139,438

)

(103,136

)

ACCRUALS AND DEFERRED INCOME

(1,833

)

(2,444

)

NET ASSETS

4,733,791

4,559,441

CAPITAL AND RESERVES

Called up share capital

6,000

6,000

Retained earnings

4,727,791

4,553,441

SHAREHOLDERS' FUNDS

4,733,791

4,559,441

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

G D Phoenix - Director

1.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Solar panels

-

4% on cost

New Building

-

Straight line over 10 years

Plant and machinery

-

25% on reducing balance

Office Equipment

-

15% on reducing balance

Tractors

-

30% on reducing balance

Computer equipment

-

25% on reducing balance

Valuation

The farm valuation has been prepared by an independent valuer Brown & Co, Spalding. The basis of the valuation is cost of production and is consistent with the Statements of Standard Accounting Practice 9.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

3.	TANGIBLE FIXED ASSETS

Freehold

Solar

New

Plant and

property

panels

Building

machinery

£

£

£

£

COST

At 1 April 2024

3,030,411

136,163

162,377

762,011

Additions

-

-

1,700

77,821

Disposals

-

-

-

(5,000

)

At 31 March 2025

3,030,411

136,163

164,077

834,832

DEPRECIATION

At 1 April 2024

-

31,264

162,376

612,950

Charge for year

-

5,446

170

56,709

Eliminated on disposal

-

-

-

(4,912

)

At 31 March 2025

-

36,710

162,546

664,747

NET BOOK VALUE

At 31 March 2025

3,030,411

99,453

1,531

170,085

At 31 March 2024

3,030,411

104,899

1

149,061

Office

Computer

Equipment

Tractors

equipment

Totals

£

£

£

£

COST

At 1 April 2024

2,587

543,399

2,135

4,639,083

Additions

-

252,500

-

332,021

Disposals

-

(58,000

)

-

(63,000

)

At 31 March 2025

2,587

737,899

2,135

4,908,104

DEPRECIATION

At 1 April 2024

2,251

385,635

1,654

1,196,130

Charge for year

50

122,875

121

185,371

Eliminated on disposal

-

(57,318

)

-

(62,230

)

At 31 March 2025

2,301

451,192

1,775

1,319,271

NET BOOK VALUE

At 31 March 2025

286

286,707

360

3,588,833

At 31 March 2024

336

157,764

481

3,442,953

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Tractors

£

COST

At 1 April 2024

313,158

Additions

252,500

Transfer to ownership

(313,158

)

At 31 March 2025

252,500

DEPRECIATION

At 1 April 2024

159,711

Charge for year

75,750

Transfer to ownership

(159,711

)

At 31 March 2025

75,750

NET BOOK VALUE

At 31 March 2025

176,750

At 31 March 2024

153,447

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

282,038

297,942

Other debtors

189,342

143,027

471,380

440,969

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

47,708

82,512

Trade creditors

684,004

446,607

Taxation and social security

24,126

270,915

Other creditors

330,439

305,419

1,086,277

1,105,453

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

79,583

-