REGISTERED NUMBER: 04783083 (England and Wales)

PHOENIX DRIVERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Mr G C Brown

REGISTERED OFFICE:

12 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

REGISTERED NUMBER:

04783083 (England and Wales)

ACCOUNTANTS:

Candour Accounts Limited

Endeavour House

7 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

FIXED ASSETS

Intangible assets

4

-

400

Tangible assets

5

6,484

4,472

Investment property

6

400,000

400,000

406,484

404,872

CURRENT ASSETS

Debtors

7

201,187

130,643

Cash at bank and in hand

223,150

277,096

424,337

407,739

CREDITORS

Amounts falling due within one year

8

78,033

82,196

NET CURRENT ASSETS

346,304

325,543

TOTAL ASSETS LESS CURRENT LIABILITIES

752,788

730,415

CAPITAL AND RESERVES

Called up share capital

9

1

1

Other reserves

10

(41,774

)

(41,774

)

Retained earnings

10

794,561

772,188

SHAREHOLDERS' FUNDS

752,788

730,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr G C Brown - Director

1.	STATUTORY INFORMATION

Phoenix Drivers 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 as modified by the revaluation of certain assets.

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 2021, is being amortised evenly over its estimated useful life of five 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 25 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

2,000

AMORTISATION

At 1 July 2024

1,600

Amortisation for year

400

At 30 June 2025

2,000

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

400

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 July 2024

43,725

9,093

52,818

Additions

-

4,173

4,173

At 30 June 2025

43,725

13,266

56,991

DEPRECIATION

At 1 July 2024

42,621

5,725

48,346

Charge for year

276

1,885

2,161

At 30 June 2025

42,897

7,610

50,507

NET BOOK VALUE

At 30 June 2025

828

5,656

6,484

At 30 June 2024

1,104

3,368

4,472

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

400,000

NET BOOK VALUE

At 30 June 2025

400,000

At 30 June 2024

400,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2017

75,726

Valuation in 2022

65,500

Valuation in 2023

(13,000

)

Valuation in 2024

(170,000

)

Cost

441,774

400,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

161,357

112,162

Other debtors

130

-

Directors' current accounts

39,700

18,481

201,187

130,643

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

13,350

10,466

Tax

8,680

15,879

Social security and other taxes

8,809

10,872

VAT

45,994

41,779

Other creditors

-

2,000

Accrued expenses

1,200

1,200

78,033

82,196

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 July 2024

772,188

(41,774

)

730,414

Profit for the year

39,013

39,013

Dividends

(16,640

)

(16,640

)

At 30 June 2025

794,561

(41,774

)

752,787

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Phoenix Drivers Limited for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Phoenix Drivers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Phoenix Drivers Limited and state those matters that we have agreed to state to the director of Phoenix Drivers Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Phoenix Drivers Limited and its director for our work or for this report.

It is your duty to ensure that Phoenix Drivers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Phoenix Drivers Limited. You consider that Phoenix Drivers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Phoenix Drivers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Candour Accounts Limited

Endeavour House

7 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

Date: .............................................