REGISTERED NUMBER: 07072442 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2025

FOR

PHOENIX CUTTING SERVICES LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

228,015

Tangible assets

4

288,476

CURRENT ASSETS

28,958

Stocks

22,479

333,435

Debtors

491,281

61,251

Cash at bank and in hand

230,019

423,644

743,779

CREDITORS

214,689

Amounts falling due within one year

541,043

208,955

NET CURRENT ASSETS

202,736

436,970

TOTAL ASSETS LESS CURRENT LIABILITIES

491,212

CREDITORS

(163,381

)

Amounts falling due after more than one year

(144,127

)

(56,836

)

PROVISIONS FOR LIABILITIES

(72,119

)

216,753

NET ASSETS

274,966

CAPITAL AND RESERVES

100

Called up share capital

5

100

216,653

Retained earnings

274,866

216,753

SHAREHOLDERS' FUNDS

274,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th May 2026 and were signed on its behalf by:

Mr G Carrington - Director

Mr P D Davies - Director

Mr S Hilton - Director

Mr M I Jones - Director

Mr P Nursey - Director

1.	STATUTORY INFORMATION

Phoenix Cutting Services 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:

07072442

Registered office:

Unit 15, Monmer Close

Stringes Lane

Willenhall

West Midlands

WV13 1JR

The presentation currency of the financial statements is the Pound Sterling (£).

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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

over the period of the lease

Plant and machinery etc

-

20% on cost and 15% 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 Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants

Capital grants received are included as deferred income and amortised to the profit and loss account over the estimated useful life of the related asset.

Revenue grants received are credited to the profit and loss in line with related expenditure.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administration expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st December 2024

1,041,365

Additions

89,013

At 30th November 2025

1,130,378

DEPRECIATION

At 1st December 2024

813,350

Charge for year

28,552

At 30th November 2025

841,902

NET BOOK VALUE

At 30th November 2025

288,476

At 30th November 2024

228,015

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st December 2024

and 30th November 2025

217,284

DEPRECIATION

At 1st December 2024

18,202

Charge for year

15,545

At 30th November 2025

33,747

NET BOOK VALUE

At 30th November 2025

183,537

At 30th November 2024

199,082

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

Ordinary

£1

100

100