REGISTERED NUMBER: 11687006 (England and Wales)

Financial Statements for the Year Ended 30 November 2025

for

Phoenix Motors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

A Abdul Galeel

REGISTERED OFFICE:

11b Chatham Street

Rotherham

S65 1DP

REGISTERED NUMBER:

11687006 (England and Wales)

ACCOUNTANTS:

Hartrose Associates Ltd

61A Blagden Street

Sheffield

South Yorkshire

S2 5QS

FIXED ASSETS

Intangible assets

4

40,051

48,061

Tangible assets

5

322,022

370,992

362,073

419,053

CURRENT ASSETS

Stocks

24,790

26,885

Debtors

6

252,823

344,345

Cash at bank and in hand

106,611

48,380

384,224

419,610

CREDITORS

Amounts falling due within one year

7

557,593

623,146

NET CURRENT LIABILITIES

(173,369

)

(203,536

)

TOTAL ASSETS LESS CURRENT LIABILITIES

188,704

215,517

CREDITORS

Amounts falling due after more than one year

8

25,517

31,859

NET ASSETS

163,187

183,658

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

163,087

183,558

SHAREHOLDERS' FUNDS

163,187

183,658

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

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

The director acknowledges his 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 director and authorised for issue on 20 September 2026 and were signed by:

A Abdul Galeel - Director

1.	STATUTORY INFORMATION

Phoenix Motors 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 2020, 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.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

80,100

AMORTISATION

At 1 December 2024

32,039

Charge for year

8,010

At 30 November 2025

40,049

NET BOOK VALUE

At 30 November 2025

40,051

At 30 November 2024

48,061

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2024

185,904

14,201

359,535

559,640

Additions

695

-

-

695

At 30 November 2025

186,599

14,201

359,535

560,335

DEPRECIATION

At 1 December 2024

67,207

6,576

114,865

188,648

Charge for year

11,820

1,144

36,701

49,665

At 30 November 2025

79,027

7,720

151,566

238,313

NET BOOK VALUE

At 30 November 2025

107,572

6,481

207,969

322,022

At 30 November 2024

118,697

7,625

244,670

370,992

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

197,338

274,759

Other debtors

55,485

69,586

252,823

344,345

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

27,927

-

Trade creditors

194,677

260,752

Taxation and social security

19,915

3,829

Other creditors

315,074

358,565

557,593

623,146

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

25,517

31,859

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

25,517

31,859

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2025 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hartrose Associates Ltd

61A Blagden Street

Sheffield

South Yorkshire

S2 5QS

20 September 2026