REGISTERED NUMBER: NI054117 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The Phoenix (Ballymena) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P McCool

Ms M J Henry

SECRETARY:

Mr P McCool

REGISTERED OFFICE:

14 Antrim Road

Ballymena

BT42 2BJ

REGISTERED NUMBER:

NI054117 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Suite 2B

Cadogan House

322 Lisburn Road

Belfast

Co. Antrim

BT9 6GH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,088,787

2,166,327

2,088,787

2,166,327

CURRENT ASSETS

Stocks

184,918

203,635

Debtors

6

117,245

98,193

Cash at bank and in hand

294,759

414,714

596,922

716,542

CREDITORS

Amounts falling due within one year

7

844,150

1,086,793

NET CURRENT LIABILITIES

(247,228

)

(370,251

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,841,559

1,796,076

CREDITORS

Amounts falling due after more than one year

8

(4,431

)

(14,822

)

PROVISIONS FOR LIABILITIES

(89,426

)

(94,234

)

ACCRUALS AND DEFERRED INCOME

(58,300

)

(174,900

)

NET ASSETS

1,689,402

1,512,120

CAPITAL AND RESERVES

Called up share capital

120,000

120,000

Retained earnings

1,569,402

1,392,120

1,689,402

1,512,120

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 6 August 2025 and were signed on its behalf by:

Mr P McCool - Director

1.	STATUTORY INFORMATION

The Phoenix (Ballymena) Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on reducing balance

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 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2024 - 57 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

300,000

AMORTISATION

At 1 April 2024

and 31 March 2025

300,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

2,431,109

1,039,160

3,470,269

Additions

-

75,793

75,793

At 31 March 2025

2,431,109

1,114,953

3,546,062

DEPRECIATION

At 1 April 2024

606,153

697,789

1,303,942

Charge for year

57,983

95,350

153,333

At 31 March 2025

664,136

793,139

1,457,275

NET BOOK VALUE

At 31 March 2025

1,766,973

321,814

2,088,787

At 31 March 2024

1,824,956

341,371

2,166,327

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

21,105

16,678

Other debtors

96,140

81,515

117,245

98,193

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,392

10,136

Trade creditors

471,510

502,772

Taxation and social security

147,568

122,639

Other creditors

214,680

451,246

844,150

1,086,793

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

4,431

14,822