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Company Registration No. SC240580 (Scotland)
Phoenix Fire Side Limited Unaudited accounts for the year ended 30 April 2025
Phoenix Fire Side Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Phoenix Fire Side Limited Company Information for the year ended 30 April 2025
Director
Jacqui Morrison
Company Number
SC240580 (Scotland)
Registered Office
The Fire Side Main Street West Linton EH46 7EA
Accountants
R Books Limited 16 Crookston Place Peebles Scottish Borders EH45 9AL
- 3 -
Phoenix Fire Side Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
40,069
23,928
Current assets
Inventories
6
42,600
46,000
Debtors
7
54,564
32,338
Cash at bank and in hand
29,111
58,596
126,275
136,934
Creditors: amounts falling due within one year
8
(43,739)
(49,478)
Net current assets
82,536
87,456
Total assets less current liabilities
122,605
111,384
Creditors: amounts falling due after more than one year
9
(33,619)
(28,241)
Provisions for liabilities
Deferred tax
(10,000)
(5,967)
Net assets
78,986
77,176
Capital and reserves
Called up share capital
10
4
4
Profit and loss account
78,982
77,172
Shareholders' funds
78,986
77,176
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 January 2026 and were signed on its behalf by
Jacqui Morrison Director Company Registration No. SC240580
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Phoenix Fire Side Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Phoenix Fire Side Limited is a private company, limited by shares, registered in Scotland, registration number SC240580. The registered office is The Fire Side, Main Street, West Linton, EH46 7EA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
- 25% reducing balance
Motor vehicles
- 25% reducing balance
Computer equipment
- 25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Phoenix Fire Side Limited Notes to the Accounts for the year ended 30 April 2025
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024
6,000
At 30 April 2025
6,000
Amortisation
At 1 May 2024
6,000
At 30 April 2025
6,000
Net book value
At 30 April 2025
-
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 May 2024
10,330
35,990
3,279
49,599
Additions
-
23,998
-
23,998
At 30 April 2025
10,330
59,988
3,279
73,597
Depreciation
At 1 May 2024
9,859
12,855
2,957
25,671
Charge for the year
(579)
8,326
110
7,857
At 30 April 2025
9,280
21,181
3,067
33,528
Net book value
At 30 April 2025
1,050
38,807
212
40,069
At 30 April 2024
471
23,135
322
23,928
6
Inventories
2025
2024
£
£
Finished goods
42,600
46,000
42,600
46,000
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
44,272
23,875
Accrued income and prepayments
2,277
1,260
Other debtors
8,015
7,203
54,564
32,338
- 6 -
Phoenix Fire Side Limited Notes to the Accounts for the year ended 30 April 2025
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,556
5,556
VAT
5,487
9,880
Obligations under finance leases and hire purchase contracts
3,708
-
Trade creditors
17,442
12,971
Taxes and social security
9,314
18,695
Other creditors
971
1,088
Accruals
1,261
1,288
43,739
49,478
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
22,685
28,241
Obligations under finance leases and hire purchase contracts
10,934
-
33,619
28,241
Aggregate of amounts that fall due for payment after five years
463
463
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
3 Ordinary A shares of £1 each
3
3
1 Ordinary B shares of £1 each
1
1
4
4
11
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Jacqui Morrison
Directors Loan
5,104
30,317
28,855
6,566
5,104
30,317
28,855
6,566
The loan is interest free and has no fixed terms of repayment.
12
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 7 -