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REGISTERED NUMBER: 04967256 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

PHLORUM LIMITED

PHLORUM LIMITED (REGISTERED NUMBER: 04967256)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHLORUM LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: P Beckett
R P Schofield



SECRETARY: R P Schofield



REGISTERED OFFICE: Unit 12
Hunns Mere Way
Woodingdean Business Park
Brighton
East Sussex
BN2 6AH



REGISTERED NUMBER: 04967256 (England and Wales)



ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB



BANKERS: National Westminster Bank plc
PO Box 2403
8-11 Pavilion Buildings
Castle Square
Brighton
East Sussex
BN1 1DP

PHLORUM LIMITED (REGISTERED NUMBER: 04967256)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 30,178 18,704

CURRENT ASSETS
Debtors 5 285,091 270,077
Cash at bank 68,399 73,490
353,490 343,567
CREDITORS
Amounts falling due within one year 6 (203,365 ) (197,693 )
NET CURRENT ASSETS 150,125 145,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,303

164,578

CREDITORS
Amounts falling due after more than one
year

7

(41,667

)

(61,667

)

PROVISIONS FOR LIABILITIES 10 (6,941 ) (4,353 )
NET ASSETS 131,695 98,558

CAPITAL AND RESERVES
Called up share capital 11 500 500
Retained earnings 131,195 98,058
SHAREHOLDERS' FUNDS 131,695 98,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

PHLORUM LIMITED (REGISTERED NUMBER: 04967256)

BALANCE SHEET - continued
31 March 2023


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 6 November 2023 and were signed on its behalf by:





P Beckett - Director


PHLORUM LIMITED (REGISTERED NUMBER: 04967256)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Phlorum 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of services is recognised at the point of sale or when income is earned.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements - 5 years on cost
Plant & machinery -20% on cost
Fixtures & fittings-25% on cost
Computer equipment-33% on cost

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

PHLORUM LIMITED (REGISTERED NUMBER: 04967256)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Furniture
Short Plant and and Computer
leasehold equipment fixtures equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 8,995 34,082 10,837 27,676 81,590
Additions - 517 12,820 18,165 31,502
At 31 March 2023 8,995 34,599 23,657 45,841 113,092
DEPRECIATION
At 1 April 2022 3,598 28,363 10,039 20,886 62,886
Charge for year 1,799 5,106 3,604 9,519 20,028
At 31 March 2023 5,397 33,469 13,643 30,405 82,914
NET BOOK VALUE
At 31 March 2023 3,598 1,130 10,014 15,436 30,178
At 31 March 2022 5,397 5,719 798 6,790 18,704

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 257,147 205,598
Other debtors 26,244 62,279
283,391 267,877

PHLORUM LIMITED (REGISTERED NUMBER: 04967256)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. DEBTORS - continued
31.3.23 31.3.22
£    £   
Amounts falling due after more than one year:
Other debtors 1,700 2,200

Aggregate amounts 285,091 270,077

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 69,514 42,037
Taxation and social security 70,499 104,000
Other creditors 43,352 31,656
203,365 197,693

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 41,667 61,667

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 48,016 48,092
Between one and five years 118,067 41,627
166,083 89,719

9. SECURED DEBTS

The company's bankers have a fixed and floating charge over all present and future assets of the company.

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 6,941 4,353

Deferred
tax
£   
Balance at 1 April 2022 4,353
Accelerated captial allowances 2,588
Balance at 31 March 2023 6,941

PHLORUM LIMITED (REGISTERED NUMBER: 04967256)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
150 Ordinary A £1 150 150
150 Ordinary B £1 150 150
100 Ordinary C £1 100 100
100 Ordinary D £1 100 100
500 500