Registered number
05316954
Pharmomentum Limited
Report and Unaudited Accounts
31 March 2024
Collins
Chartered Accountants
West Midlands
Pharmomentum Limited
Registered number: 05316954
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 750 3,080
Current assets
Debtors 4 13,989 9,436
Cash at bank and in hand 8,031 120,409
22,020 129,845
Creditors: amounts falling due within one year 5 - (29,885)
Net current assets 22,020 99,960
Net assets 22,770 103,040
Capital and reserves
Called up share capital 50 50
Profit and loss account 22,720 102,990
Shareholders' funds 22,770 103,040
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 30 April 2024
Pharmomentum Limited
Notes to the Accounts
for the year ended 31 March 2024
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 2024 2023
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 2023 11,277 3,551 14,828
Disposals (8,832) (2,359) (11,191)
At 31 March 2024 2,445 1,192 3,637
Depreciation
At 1 April 2023 9,238 2,510 11,748
Charge for the year 1,489 841 2,330
On disposals (8,832) (2,359) (11,191)
At 31 March 2024 1,895 992 2,887
Net book value
At 31 March 2024 550 200 750
At 31 March 2023 2,039 1,041 3,080
4 Debtors 2024 2023
£ £
Trade debtors - 9,409
VAT receivable 390 27
Other debtors 13,599 -
13,989 9,436
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax - 285
Directors loans - 27,300
Accruals and deferred income - 2,300
- 29,885
6 Pension commitments
The company pays contributions into a defined contribution pension scheme the contributions in the year amounted to £60,000 (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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