Phoenix Accessories (Safety) Limited - Accounts to registrar (filleted)

PHOENIX ACCESSORIES (SAFETY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Brearley

Mrs J L Brearley

C Brearley

REGISTERED OFFICE:

Waterloo Mills

Waterloo Road

Pudsey

West Yorkshire

LS28 8DQ

REGISTERED NUMBER:

00748283 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

13,772

16,427

CURRENT ASSETS

Stocks

67,947

63,099

Debtors

5

118,791

122,788

Investments

6

108,899

Cash at bank and in hand

133,914

134,288

429,551

429,074

CREDITORS

Amounts falling due within one year

7

140,286

135,250

NET CURRENT ASSETS

289,265

293,824

TOTAL ASSETS LESS CURRENT LIABILITIES

303,037

310,251

CREDITORS

Amounts falling due after more than one
year

8

-

(2,003

)

PROVISIONS FOR LIABILITIES

9

(2,990

)

(3,121

)

NET ASSETS

300,047

305,127

CAPITAL AND RESERVES

Called up share capital

10

2,500

Other reserves

2,500

Retained earnings

295,047

300,127

SHAREHOLDERS' FUNDS

300,047

305,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2026 and were signed on its behalf by:

M Brearley - Director

1.	STATUTORY INFORMATION

Phoenix Accessories (Safety) 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.

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

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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 Statement of Income and Retained Earnings, 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.

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 3 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 May 2025

31,271

24,803

35,489

91,563

Additions

2,460

-

2,460

At 30 April 2026

33,731

24,803

35,489

94,023

DEPRECIATION

At 1 May 2025

29,839

10,851

34,446

75,136

Charge for year

584

3,488

1,043

5,115

At 30 April 2026

30,423

14,339

35,489

80,251

NET BOOK VALUE

At 30 April 2026

3,308

10,464

-

13,772

At 30 April 2025

1,432

13,952

1,043

16,427

The net book value of tangible fixed assets includes £ 10,464 (2025 - £ 13,952 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Trade debtors

108,564

111,900

Other debtors

6,580

Tax

1,946

Prepayments

1,701

2,362

118,791

122,788

6.	CURRENT ASSET INVESTMENTS

30.4.26

30.4.25

£

Listed investments

2,799

Unlisted investments

106,100

108,899

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Hire purchase contracts

2,004

4,027

Trade creditors

91,510

85,571

Tax

16,992

16,386

Social security and other taxes

1,834

1,438

VAT

24,090

24,016

Directors' current accounts

206

337

Accrued expenses

3,650

3,475

140,286

135,250

The directors' loan account balance is interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

30.4.25

£

Hire purchase contracts

-

2,003

9.	PROVISIONS FOR LIABILITIES

30.4.26

30.4.25

£

Deferred tax

2,990

3,121

Deferred

tax

£

Balance at 1 May 2025

3,121

Accelerated capital allowances

(131

)

Balance at 30 April 2026

2,990

The entire provision for deferred tax is relating to accelerated capital allowances.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.26

30.4.25

value:

£

2,250

Ordinary

1

2,385

250

A Ordinary

1

115

2,500

11.	ULTIMATE CONTROLLING PARTY

Throughout the year the company was controlled by its directors.