Phoenix Seating Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04350430

Phoenix Seating Limited

Filleted Unaudited Financial Statements

31 December 2025

Phoenix Seating Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Phoenix Seating Limited

Balance Sheet

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		17,808	22,314

Current assets

Stocks		350,501	405,267
Debtors	6	880,368	1,501,766
Cash at bank and in hand		567,574	664,483
		------------	------------
		1,798,443	2,571,516

Creditors: amounts falling due within one year	7	( 1,045,167)		( 1,068,928)
		------------		------------
Net current assets			753,276	1,502,588
			---------	------------
Total assets less current liabilities			771,084	1,524,902

Provisions

Taxation including deferred tax	( 4,735)	–
	---------	------------
Net assets	766,349	1,524,902
	---------	------------

Phoenix Seating Limited

Balance Sheet (continued)

31 December 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	766,249	1,524,802
	---------	------------
Shareholders funds	766,349	1,524,902
	---------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 24 March 2026 , and are signed on behalf of the board by:

Mr I S Carbone

Director

Company registration number: 04350430

Phoenix Seating Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 47, Bay 3, Second Avenue, The Pensnett Estate, Kingswinford, DY6 7UZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Going concern

The director of the company has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, the company continues to adopt the going concern in preparing the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property improvements	-	Over the period of the lease
Plant & Machinery	-	25% straight line
Fixtures & Fittings	-	25% straight line
Motor Vehicles	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Research and development

Research expenditure is written off in the period in which it is incurred.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 33 (2024: 33 ).

5. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2025	43,738	356,099	19,609	15,500	434,946
Additions	–	4,903	–	–	4,903
	--------	---------	--------	--------	---------
At 31 December 2025	43,738	361,002	19,609	15,500	439,849
	--------	---------	--------	--------	---------
Depreciation
At 1 January 2025	26,937	350,795	19,400	15,500	412,632
Charge for the year	4,114	5,219	76	–	9,409
	--------	---------	--------	--------	---------
At 31 December 2025	31,051	356,014	19,476	15,500	422,041
	--------	---------	--------	--------	---------
Carrying amount
At 31 December 2025	12,687	4,988	133	–	17,808
	--------	---------	--------	--------	---------
At 31 December 2024	16,801	5,304	209	–	22,314
	--------	---------	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	760,989	906,760
Amounts owed by group undertakings and undertakings in which the company has a participating interest	53,720	518,002
Other debtors	65,659	77,004
	---------	------------
	880,368	1,501,766
	---------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	707,108	895,626
Corporation tax	138,266	–
Social security and other taxes	35,653	46,408
Other creditors	164,140	126,894
	------------	------------
	1,045,167	1,068,928
	------------	------------

8. Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. Immediate and ultimate parent

The immediate and ultimate parent company is Lazzerini Srl SB, a company incorporated in Italy. The smallest and largest group of undertakings for which group accounts have been drawn up is that headed by Lazzerini Srl SB and copies are available from Lazzerini Srl SB registered office: Viale G.Pieralisi, 21 - 60030 Monsano (AN) Italy.