Phoenix Metals & Demolition Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05930951 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

PHOENIX METALS & DEMOLITION LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,631,734

2,141,608

Investment property

6

278,042

-

1,909,776

2,141,608

CURRENT ASSETS

Stocks

19,959

40,045

Debtors

7

217,390

376,640

Cash at bank and in hand

544,124

335,198

781,473

751,883

CREDITORS

Amounts falling due within one year

8

136,775

136,879

NET CURRENT ASSETS

644,698

615,004

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,554,474

2,756,612

PROVISIONS FOR LIABILITIES

296,933

263,023

NET ASSETS

2,257,541

2,493,589

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

2,257,441

2,493,489

2,257,541

2,493,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2026 and were signed by:

Mrs J Thompson - Director

1.	STATUTORY INFORMATION

Phoenix Metals & Demolition Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05930951

Registered office:

Plot 2, Gaerwen Industrial

Estate

Gaerwen

Gwynedd

LL60 6HR

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 represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten 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.

Plant and machinery etc

-

33% on cost and 10% on cost

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.

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 Profit and Loss Account, 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.

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 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

32,000

AMORTISATION

At 1 November 2024

and 31 October 2025

32,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 November 2024

545,290

2,506,189

3,051,479

Additions

-

11,000

Disposals

-

(31,129

)

(31,129

)

Reclassification/transfer

(278,042

)

-

(278,042

)

At 31 October 2025

267,248

2,486,060

2,753,308

DEPRECIATION

At 1 November 2024

-

909,871

Charge for year

-

227,382

Eliminated on disposal

-

(15,679

)

(15,679

)

At 31 October 2025

-

1,121,574

NET BOOK VALUE

At 31 October 2025

267,248

1,364,486

1,631,734

At 31 October 2024

545,290

1,596,318

2,141,608

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Reclassification/transfer

278,042

At 31 October 2025

278,042

NET BOOK VALUE

At 31 October 2025

278,042

The director is of the opinion that the original cost of the properties are equivalence to the market value as at 31 October 2025.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

26,521

30,492

Amounts recoverable on contract

-

17,790

Other debtors

190,869

328,358

217,390

376,640

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

33,750

26,214

Taxation and social security

61,870

74,650

Other creditors

41,155

36,015

136,775

136,879