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Registration number: 08002395

Phoenix Electrical Contractors (South West) Ltd
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Phoenix Electrical Contractors (South West) Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Phoenix Electrical Contractors (South West) Ltd

Company Information

Directors | T L Edwards D Farman

Registered office | 22 Bath Street Frome Somerset BA11 1DL

Accountants | Burton Sweet Limited Chartered Accountants and Business Advisers Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

Phoenix Electrical Contractors (South West) Ltd

(Registration number: 08002395)
Balance Sheet
31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 7,836 | 8,940
Current assets |  |  |
Stocks | 5 | 4,000 | 4,000
Debtors | 6 | 24,704 | 42,963
Cash at bank and in hand |  | 1,367 | 1,354
|  | 30,071 | 48,317
Creditors: Amounts falling due within one year | 7 | (175,496) | (168,610)
Net current liabilities |  | (145,425) | (120,293)
Total assets less current liabilities |  | (137,589) | (111,353)
Creditors: Amounts falling due after more than one year | 7 | (25,018) | (61,164)
Provisions for liabilities |  | (4,789) | (4,789)
Net liabilities |  | (167,396) | (177,306)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (167,496) | (177,406)
Shareholders' deficit |  | (167,396) | (177,306)

Phoenix Electrical Contractors (South West) Ltd

(Registration number: 08002395)
Balance Sheet
31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 December 2025 and signed on its behalf by:

......................................... T L Edwards Director

Phoenix Electrical Contractors (South West) Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

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:
22 Bath Street
Frome
Somerset
BA11 1DL

These financial statements were authorised for issue by the Board on 2 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and discounts.

Tax

The tax expense for the period comprises current tax and is recognised in profit or loss.

The current corporation 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.

Phoenix Electrical Contractors (South West) Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

Tangible assets

Tangible assets are stated in the balance sheet 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Motor vehicles | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. 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 Electrical Contractors (South West) Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

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. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 11).

Phoenix Electrical Contractors (South West) Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

4 | Tangible assets

| Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 5,337 | - | 34,990 | 40,327
Additions | - | 1,703 | - | 1,703
At 31 March 2025 | 5,337 | 1,703 | 34,990 | 42,030
Depreciation
At 1 April 2024 | 5,027 | - | 26,360 | 31,387
Charge for the year | 78 | 570 | 2,159 | 2,807
At 31 March 2025 | 5,105 | 570 | 28,519 | 34,194
Carrying amount
At 31 March 2025 | 232 | 1,133 | 6,471 | 7,836
At 31 March 2024 | 310 | - | 8,630 | 8,940

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 4,000 | 4,000

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 23,009 | 42,963
Other debtors | 1,695 | -
| 24,704 | 42,963

Phoenix Electrical Contractors (South West) Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 14,354 | 10,796
Trade creditors |  | 64,218 | 62,623
Taxation and social security |  | 76,630 | 66,437
Accruals and deferred income |  | 2,090 | 1,990
Other creditors |  | 18,204 | 26,764
|  | 175,496 | 168,610

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 25,018 | 61,164

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 25,018 | 60,417
Hire purchase contracts | - | 747
| 25,018 | 61,164

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 5,032 | 5,032
Bank overdrafts | 8,575 | 4,644
Hire purchase contracts | 747 | 1,120
| 14,354 | 10,796