Registered number
05316954
Pharmomentum Limited
Report and Unaudited Accounts
31 March 2023
Collins
Chartered Accountants
West Midlands
Pharmomentum Limited
Registered number: 05316954
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 3,080 4,447
Current assets
Debtors 4 9,436 22,003
Cash at bank and in hand 120,409 129,776
129,845 151,779
Creditors: amounts falling due within one year 5 (29,885) (26,036)
Net current assets 99,960 125,743
Net assets 103,040 130,190
Capital and reserves
Called up share capital 50 50
Profit and loss account 102,990 130,140
Shareholders' funds 103,040 130,190
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Quarterman
Director
Approved by the board on 3 October 2023
Pharmomentum Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference when the service is completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33% reducing balance
Other Equipment 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer equipment Other Equipment Total
£ £ £
Cost
At 1 April 2022 11,277 3,550 14,827
At 31 March 2023 11,277 3,550 14,827
Depreciation
At 1 April 2022 8,218 2,162 10,380
Charge for the year 1,020 347 1,367
At 31 March 2023 9,238 2,509 11,747
Net book value
At 31 March 2023 2,039 1,041 3,080
At 31 March 2022 3,059 1,388 4,447
4 Debtors 2023 2022
£ £
Trade debtors 9,409 21,988
VAT receivable 27 15
9,436 22,003
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 285 5,706
Other taxes and social security costs - 30
Directors loans 27,300 18,000
Accruals and deferred income 2,300 2,300
29,885 26,036
6 Pension commitments
The company pays contributions into a defined contribution pension scheme the contributions in the year amounted to £40,000 (2022, £40,000) there was nothing outstanding at either year end date.
7 Controlling party
The company is under the control of C Quarterman
8 Other information
Pharmomentum Limited is a private company limited by shares and incorporated in England. Its registered office is:
20 Cofton Church Lane
Rednal
Birmingham
West Midlands
B45 8PT
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