Phoenix Financial Planning Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03894387 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2026

FOR

PHOENIX FINANCIAL PLANNING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Griffiths

C J Griffiths

REGISTERED OFFICE:

16 Market Place

Howden

Goole

North Yorkshire

DN14 7BL

REGISTERED NUMBER:

03894387 (England and Wales)

ACCOUNTANTS:

CGA

Chartered Certified Accountants

3 & 4 Park Court

Riccall Road

Escrick

York

North Yorkshire

YO19 6ED

FIXED ASSETS

Intangible assets

4

109,253

121,622

Tangible assets

5

36,159

41,343

145,412

162,965

CURRENT ASSETS

Stocks

250

200

Debtors

6

14,459

10,670

Cash at bank and in hand

169,649

122,582

184,358

133,452

CREDITORS

Amounts falling due within one year

7

142,427

118,329

NET CURRENT ASSETS

41,931

15,123

TOTAL ASSETS LESS CURRENT LIABILITIES

187,343

178,088

CREDITORS

Amounts falling due after more than one year

8

(58,858

)

(105,872

)

PROVISIONS FOR LIABILITIES

(2,206

)

(2,224

)

NET ASSETS

126,279

69,992

CAPITAL AND RESERVES

Called up share capital

6,256

Capital redemption reserve

4

Retained earnings

120,019

63,732

SHAREHOLDERS' FUNDS

126,279

69,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 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.

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 17th August 2026 and were signed on its behalf by:

Mrs L Griffiths - Director

1.	STATUTORY INFORMATION

Phoenix Financial Planning 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, 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.

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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.

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 6 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st June 2025

and 31st May 2026

123,683

AMORTISATION

At 1st June 2025

2,061

Charge for year

12,369

At 31st May 2026

14,430

NET BOOK VALUE

At 31st May 2026

109,253

At 31st May 2025

121,622

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 1st June 2025

54,361

16,368

8,812

79,541

Additions

-

481

2,597

3,078

At 31st May 2026

54,361

16,849

11,409

82,619

DEPRECIATION

At 1st June 2025

19,976

11,222

7,000

38,198

Charge for year

5,436

844

1,982

8,262

At 31st May 2026

25,412

12,066

8,982

46,460

NET BOOK VALUE

At 31st May 2026

28,949

4,783

2,427

36,159

At 31st May 2025

34,385

5,146

1,812

41,343

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

8,382

3,871

Other debtors

6,077

6,799

14,459

10,670

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

5,600

Trade creditors

1,651

6,762

Taxation and social security

89,109

59,405

Other creditors

46,067

46,562

142,427

118,329

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans

24,501

30,288

Other creditors

34,357

75,584

58,858

105,872

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £1,071 (2025 - £1,767) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.