Company Registration No. 10051201 (England and Wales)
PHAR South West Ltd
Annual report and financial accounts
for the year ended 31 March 2026
PHAR South West Ltd
Annual report and financial accounts
Contents
PHAR South West Ltd
Company Information
for the year ended 31 March 2026
Directors
P Middleton
H Middleton
Company Number
10051201 (England and Wales)
Registered Office
Suite 2, Riverside Court
Castle Stree
Barnstaple
Devon
EX31 1DR
Accountants
JD Accountants (South West) Ltd
Suite 2, Riverside Court
Castle Street
Barnstaple
Devon
EX31 1DR
PHAR South West Ltd
Statement of financial position
as at 31 March 2026
Intangible assets
29,691
32,661
Tangible assets
17,742
18,953
Cash at bank and in hand
(422)
7,317
Creditors: amounts falling due within one year
(20,069)
(26,274)
Net current assets
10,455
28,093
Total assets less current liabilities
57,888
79,707
Creditors: amounts falling due after more than one year
(497)
(3,297)
Provisions for liabilities
Called up share capital
200
200
Profit and loss account
56,724
74,451
Shareholders' funds
56,924
74,651
For the year ending 31 March 2026 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 31 May 2026 and were signed on its behalf by
P Middleton
Director
Company Registration No. 10051201
PHAR South West Ltd
Notes to the Accounts
for the year ended 31 March 2026
PHAR South West Ltd is a private company, limited by shares, registered in England and Wales, registration number 10051201. The registered office is Suite 2, Riverside Court, Castle Stree, Barnstaple, Devon, EX31 1DR.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
15% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
PHAR South West Ltd
Notes to the Accounts
for the year ended 31 March 2026
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2025
16,357
9,209
25,566
At 31 March 2026
16,357
9,209
25,566
At 1 April 2025
-
6,613
6,613
Charge for the year
-
1,211
1,211
At 31 March 2026
-
7,824
7,824
At 31 March 2026
16,357
1,385
17,742
At 31 March 2025
16,357
2,596
18,953
Amounts falling due within one year
Trade debtors
7,647
24,150
7
Creditors: amounts falling due within one year
2026
2025
Trade creditors
5,934
9,932
Taxes and social security
12,130
14,119
Loans from directors
70
288
8
Creditors: amounts falling due after more than one year
2026
2025
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
10
Average number of employees
During the year the average number of employees was 2 (2025: 2).