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Registered number: 11014951
Phoenix Worktops Ltd.
Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11014951
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 180,799 209,718
180,799 209,718
CURRENT ASSETS
Stocks 5 27,283 19,345
Debtors 6 18,758 27,154
Cash at bank and in hand 6,796 8,865
52,837 55,364
Creditors: Amounts Falling Due Within One Year 7 (129,913 ) (123,917 )
NET CURRENT ASSETS (LIABILITIES) (77,076 ) (68,553 )
TOTAL ASSETS LESS CURRENT LIABILITIES 103,723 141,165
Creditors: Amounts Falling Due After More Than One Year 8 (68,205 ) (110,544 )
NET ASSETS 35,518 30,621
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 35,517 30,620
SHAREHOLDERS' FUNDS 35,518 30,621
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Moxon
Director
04/06/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Phoenix Worktops Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11014951 . The registered office is 51 St. Johns Road, Cudworth, Barnsley, South Yorkshire, S72 8DB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance and 50% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance and 50% on cost
Computer Equipment 25% on reducing balance and 50% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 3)
2 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2024 408,293 23,596 16,153 3,027 451,069
Additions 27,706 - 467 1,261 29,434
Disposals - - - (1,467 ) (1,467 )
As at 31 October 2025 435,999 23,596 16,620 2,821 479,036
Depreciation
As at 1 November 2024 222,767 8,569 8,475 1,540 241,351
Provided during the period 51,628 3,688 1,961 266 57,543
Disposals - - - (657 ) (657 )
As at 31 October 2025 274,395 12,257 10,436 1,149 298,237
Net Book Value
As at 31 October 2025 161,604 11,339 6,184 1,672 180,799
As at 1 November 2024 185,526 15,027 7,678 1,487 209,718
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 130,322 152,189
Motor Vehicles 10,651 14,202
140,973 166,391
5. Stocks
2025 2024
£ £
Stock 27,283 19,345
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 4,300
Other debtors 18,758 22,854
18,758 27,154
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 57,504 59,708
Trade creditors 14,677 29,126
Bank loans and overdrafts 3,111 3,236
Other creditors 50,979 31,391
Taxation and social security 3,642 456
129,913 123,917
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 45,257 87,985
Bank loans 11,148 14,259
Other loans 11,800 8,300
68,205 110,544
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 57,504 59,708
Later than one year and not later than five years 45,257 87,985
102,761 147,693
102,761 147,693
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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