Phoenix Electroplating Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 02302218

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		272,786		255,860

			272,786		255,860
CURRENT ASSETS
Stocks	4	3,950		3,500
Debtors	5	419,539		238,920
Cash at bank and in hand		-		3,669

		423,489		246,089
Creditors: Amounts Falling Due Within One Year	6	(454,230 )		(250,742 )

NET CURRENT ASSETS (LIABILITIES)			(30,741 )		(4,653 )

TOTAL ASSETS LESS CURRENT LIABILITIES			242,045		251,207

Creditors: Amounts Falling Due After More Than One Year	7		(13,020 )		(30,225 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(68,000 )		(64,000 )

NET ASSETS			161,025		156,982

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			160,925		156,882

SHAREHOLDERS' FUNDS			161,025		156,982

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Phoenix Electroplating Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 directors acknowledge their 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

Mrs K Carty Director	Mr J Carty Director
6 August 2026

The notes on pages 3 to 6 form part of these financial statements.

1. Accounting Policies

1.1. 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.

1.2. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. 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	10% RB
Motor Vehicles	25% RB
Fixtures & Fittings	10% RB
Computer Equipment	20% RB

1.4. 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.

1.5. 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.

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Phoenix Electroplating Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

1.6. 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.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 18 (2025: 21)

3. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	676,030	24,750	54,512	48,982	804,274
Additions	48,762	-	-	2,091	50,853

As at 31 January 2026	724,792	24,750	54,512	51,073	855,127

Depreciation
As at 1 February 2025	486,153	2,578	26,300	33,383	548,414
Provided during the period	22,199	5,543	2,821	3,364	33,927

As at 31 January 2026	508,352	8,121	29,121	36,747	582,341

Net Book Value
As at 31 January 2026	216,440	16,629	25,391	14,326	272,786

As at 1 February 2025	189,877	22,172	28,212	15,599	255,860

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Phoenix Electroplating Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Stocks

	2026	2025
	£	£
Stock	3,950	3,500

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	279,012	229,472
Other debtors	140,527	9,448

	419,539	238,920

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	26,058	29,596
Trade creditors	200,646	38,777
Bank loans and overdrafts	19,455	-
Amounts owed to participating interests	43,133	77,414
Other creditors	23,511	20,336
Taxation and social security	141,427	84,619

	454,230	250,742

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	13,020	30,225

	13,020	30,225

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The maturity of these amounts is as follows:
Within one year	26,058	29,596
Between one and five years	13,020	30,225

	39,078	59,821

	39,078	59,821

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Phoenix Electroplating Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

10. General Information

Phoenix Electroplating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02302218 . The registered office is Milltown Street, Radcliffe, Manchester, M26 1WN.

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