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REGISTERED NUMBER: 03283629 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 January 2024 |

| for |

| Phoenix Plastics (West Midlands) Limited |

Phoenix Plastics (West Midlands) Limited (Registered number: 03283629)

Contents of the Financial Statements

for the Year Ended 31 January 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Chartered Accountants' Report | 5 |

Phoenix Plastics (West Midlands) Limited

Company Information

for the Year Ended 31 January 2024

| DIRECTOR: | T J Hough

| SECRETARY: | I J Hough

| REGISTERED OFFICE: | Unit D1

| Barton Industrial Estate

| Etruria Way

| Bilston

| West Midlands

| WV14 7LH

| REGISTERED NUMBER: | 03283629 (England and Wales)

| ACCOUNTANTS: | Crowther Jordan

| Chartered Accountants

| 39 High Street

| Wednesfield

| Wolverhampton

| West Midlands

| WV11 1ST

Phoenix Plastics (West Midlands) Limited (Registered number: 03283629)

Balance Sheet

31 January 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,727 |  | 3,595 |  |

CURRENT ASSETS

Stocks | 2,000 |  | 2,000 |  |

Debtors | 5 | 1,948 |  | 8,742 |  |

Cash at bank | 10,171 |  | 393 |  |

14,119 |  | 11,135 |  |

CREDITORS

Amounts falling due within one year | 6 | (87,389 | ) | (83,221 | ) |

NET CURRENT LIABILITIES | (73,270 | ) | (72,086 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (70,543 | ) | (68,491 | ) |

CAPITAL AND RESERVES

Called up share capital | 7 | 100 |  | 100 |  |

Retained earnings | (70,643 | ) | (68,591 | ) |

SHAREHOLDERS' FUNDS | (70,543 | ) | (68,491 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 18 May 2026 and were signed by:

T J Hough - Director

Phoenix Plastics (West Midlands) Limited (Registered number: 03283629)

Notes to the Financial Statements

for the Year Ended 31 January 2024

1. | STATUTORY INFORMATION

| Phoenix Plastics (West Midlands) 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.

| The financial statements have been prepared on a going concern basis based on the undertaking given by the director to provide continuing financial support to the company and the on-going willingness of creditors to provide extended lines of credit to the company.

| Turnover

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

| 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, 25% on reducing balance and 20% 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 Statement of Income and Retained Earnings, 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - 1 ).

Phoenix Plastics (West Midlands) Limited (Registered number: 03283629)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 February 2023

| and 31 January 2024 | 33,718 |  |

| DEPRECIATION

| At 1 February 2023 | 30,123 |  |

| Charge for year | 868 |  |

| At 31 January 2024 | 30,991 |  |

| NET BOOK VALUE

| At 31 January 2024 | 2,727 |  |

| At 31 January 2023 | 3,595 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 1,948 |  | 8,742 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | - |  | 5,099 |  |

| Other creditors | 87,389 |  | 78,122 |  |

87,389 |  | 83,221 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

8. | RELATED PARTY DISCLOSURES

| As at 31 January 2024 the company was indebted to the director for the amount of £75,947 (2023 £74,351).

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Phoenix Plastics (West Midlands) Limited

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 Plastics (West Midlands) Limited for the year ended 31 January 2024 which comprise the Statement of Income and Retained Earnings, 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 Plastics (West Midlands) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Phoenix Plastics (West Midlands) Limited and state those matters that we have agreed to state to the director of Phoenix Plastics (West Midlands) 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 Plastics (West Midlands) Limited and its director for our work or for this report.

It is your duty to ensure that Phoenix Plastics (West Midlands) 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 loss of Phoenix Plastics (West Midlands) Limited. You consider that Phoenix Plastics (West Midlands) 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 Plastics (West Midlands) 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.

Crowther Jordan

Chartered Accountants

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

18 May 2026