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Company Registration No. 4699823 (England and Wales)
Phormium Limited Unaudited accounts for the year ended 31 March 2025
Phormium Limited Unaudited accounts Contents
Page
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Phormium Limited Company Information for the year ended 31 March 2025
Directors
S Ingham P Ingham
Secretary
P Ingham
Company Number
4699823 (England and Wales)
Registered Office
c/o Pearson & Associates Suite E, Canal Wharf, Eshton Road Gargrave, Skipton BD23 3SE
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Phormium Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,988 
23,982 
Current assets
Debtors
37,009 
43,756 
Cash at bank and in hand
184,292 
129,810 
221,301 
173,566 
Creditors: amounts falling due within one year
(58,885)
(53,243)
Net current assets
162,416 
120,323 
Net assets
178,404 
144,305 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
178,402 
144,303 
Shareholders' funds
178,404 
144,305 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by
S Ingham Director Company Registration No. 4699823
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Phormium Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Phormium Limited is a private company, limited by shares, registered in England and Wales, registration number 4699823. The registered office is c/o Pearson & Associates, Suite E, Canal Wharf, Eshton Road, Gargrave, Skipton, BD23 3SE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
26,647 
688 
3,605 
30,940 
At 31 March 2025
26,647 
688 
3,605 
30,940 
Depreciation
At 1 April 2024
2,665 
688 
3,605 
6,958 
Charge for the year
7,994 
- 
- 
7,994 
At 31 March 2025
10,659 
688 
3,605 
14,952 
Net book value
At 31 March 2025
15,988 
- 
- 
15,988 
At 31 March 2024
23,982 
- 
- 
23,982 
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Phormium Limited Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
34,247 
43,383 
Accrued income and prepayments
2,762 
373 
37,009 
43,756 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
46,448 
31,784 
Loans from directors
11,387 
19,359 
Accruals
1,050 
2,100 
58,885 
53,243 
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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