Phinity Ltd - Accounts

Registered Number: 13340645 Phinity Ltd
Statement of Financial Position
As at 30 April 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	88,900	94,233
Tangible fixed assets	4	14,490	9,761
		103,390	103,994
Current assets
Debtors		2,932	3,116
Cash at bank and in hand		11,941	5,748
		14,873	8,864
Creditors: amount falling due within one year		(178,218)	(137,981)
Net current assets		(163,345)	(129,117)

Total assets less current liabilities		(59,955)	(25,123)
Net assets		(59,955)	(25,123)

Capital and reserves
Called up share capital	5	100	100
Profit and loss account		(60,055)	(25,223)
Shareholders' funds		(59,955)	(25,123)

For the year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The directors of the company have elected not to include the Income Statement within the financial statements.

The financial statements were approved by the board of directors on 11 November 2025 and were signed on its behalf by:

-------------------------------
H H Wadiwalla
Director

Phinity Ltd
Notes to the Abridged Financial Statements
For the year ended 30 April 2025

General Information

Phinity Ltd is a company limited by shares and is incorporated in England and Wales. The address of the registered office is St James House, 65 Mere Green Road, Sutton Coldfield, West Midlands, B75 5BY. The nature of the company's operations and its principal activity was that of provision of therapy services.

Accounting policies

Significant accounting policies

The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to April each year, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.

Going concern basis

The directors have formed a judgement, at the time of approving the financial statements, that there is an expectation that the Company, with the support of its shareholders, has adequate resources to continue in operational existence for the foreseeable future being at least twelve months from the date of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements as set out in the going concern section of the Directors' Report.

Turnover

Turnover comprises income from the provision of therapy sessions.

Intangible assets

The Website & Brand is amortised evenly over five years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Trade Mark
Trade Mark is stated at cost.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	20% Reducing Balance
Computer Equipment	33% Straight Line

2.	Employees and directors' Average number of employees during the year was 2 (2024 : 2).

Intangible fixed assets

Cost	Website and Brand	Trade Mark	Total
	£	£	£
At 01 May 2024	92,443	1,790	94,233
Additions	16,444	-	16,444
Disposals	-	-	-
At 30 April 2025	108,887	1,790	110,677
Amortisation
At 01 May 2024	-	-	-
Charge for year	21,777	-	21,777
On disposals	-	-	-
At 30 April 2025	21,777	-	21,777
Net book values
At 30 April 2025	87,110	1,790	88,900
At 30 April 2024	92,443	1,790	94,233

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 May 2024	16,740	1,129	17,869
Additions	4,751	4,750	9,501
Disposals	-	-	-
At 30 April 2025	21,491	5,879	27,370
Depreciation
At 01 May 2024	7,333	775	8,108
Charge for year	2,832	1,940	4,772
On disposals	-	-	-
At 30 April 2025	10,165	2,715	12,880
Net book values
Closing balance as at 30 April 2025	11,326	3,164	14,490
Opening balance as at 01 May 2024	9,407	354	9,761

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Ordinary shares of £1.00 each	100		100
	100		100

Registered Number: 13340645
England and Wales
Abridged Accounts

for the year ended 30 April 2025
for
PHINITY LTD