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Registered Number: 06485300
England and Wales

 

 

 


Filleted Accounts


for the year ended 31 January 2025

for

PHOENIX IT LTD

 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 3 1,746    2,327 
1,746    2,327 
Current assets      
Debtors 4 5,435    227 
Cash at bank and in hand 7,928    46,548 
13,363    46,775 
Creditors: amount falling due within one year 5 (3,274)   (12,839)
Net current assets 10,089    33,936 
 
Total assets less current liabilities 11,835    36,263 
Provisions for liabilities 6 (210)   (210)
Net assets 11,625    36,053 
 

Capital and reserves 		     
Called up share capital 7 100    100 
Profit and loss account 11,525    35,953 
Shareholders' funds 11,625    36,053 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 05 January 2026 and were signed by:


-------------------------------
Sharon Leech
Director
1
General Information
Phoenix IT Ltd is a private company, limited by shares, registered in England and Wales, registration number 06485300, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees



Average number of employees during the year was 2 (2024 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 February 2024 7,178    7,178 
Additions -    - 
Disposals -    - 
At 31 January 2025 7,178    7,178 
Depreciation
At 01 February 2024 4,851    4,851 
Charge for year 581    581 
On disposals -    - 
At 31 January 2025 5,432    5,432 
Net book values
Closing balance as at 31 January 2025 1,746    1,746 
Opening balance as at 01 February 2024 2,327    2,327 


4.

Debtors: amounts falling due within one year

2025
£		   2024
£
Other Debtors -    227 
Corporation Tax 5,435    - 
5,435    227 

5.

Creditors: amount falling due within one year

2025
£		   2024
£
Trade Creditors 200    - 
Corporation Tax -    5,435 
Accrued Expenses 2,409    2,409 
Directors' Current Accounts 665    4,995 
3,274    12,839 

6.

Provisions for liabilities

2025
£		   2024
£
Deferred Tax 210    210 
210    210 

7.

Share Capital

Authorised
100 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2025
£		   2024
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2