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Registration number: 04829817

Phosphonics Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Phosphonics Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Phosphonics Limited

(Registration number: 04829817)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 1,073 | 331
Tangible assets | 5 | 699,544 | 788,630
|  | 700,617 | 788,961
Current assets |  |  |
Stocks | 6 | 976,465 | 876,063
Debtors | 7 | 453,215 | 224,520
Cash at bank and in hand |  | 818,996 | 427,937
|  | 2,248,676 | 1,528,520
Creditors: Amounts falling due within one year | 8 | (532,729) | (610,055)
Net current assets |  | 1,715,947 | 918,465
Net assets |  | 2,416,564 | 1,707,426
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 2,416,464 | 1,707,326
Shareholders' funds |  | 2,416,564 | 1,707,426

For the financial year ending 31 December 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; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Phosphonics Limited

(Registration number: 04829817)
Balance Sheet as at 31 December 2025

Approved and authorised by the Board on 8 July 2026 and signed on its behalf by:

......................................... Mrs V M Eastwick-Field Director

Phosphonics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 7
The Quadrangle, Downsview Road
Grove Business Park
Wantage
OX12 9FA

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Phosphonics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | Over the life of the lease
Plant and machinery | 20% straight line
Motor vehicles | 20% straight line
Fixtures and fittings | 20% straight line
Computer equipment | 3 years straight line
Assets under construction | Nil depreciation

Development costs

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specfic criteria are met in order to demonstrate the asset will generate future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all included in the research phase only.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Computer software | 3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Phosphonics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 13).

4 | Intangible assets

| Computer Software | Total £
Cost or valuation
At 1 January 2025 | 15,729 | 15,729
Additions acquired separately | 1,487 | 1,487
At 31 December 2025 | 17,216 | 17,216
Amortisation
At 1 January 2025 | 15,398 | 15,398
Amortisation charge | 745 | 745
At 31 December 2025 | 16,143 | 16,143
Carrying amount
At 31 December 2025 | 1,073 | 1,073
At 31 December 2024 | 331 | 331

Phosphonics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5 | Tangible assets

| Long leasehold land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 882,336 | 19,489 | 329,006 | 23,187 | 9,451 | 1,263,469
Additions | - | - | 58,827 | 1,442 | 462 | 60,731
Disposals | - | - | (38,703) | (740) | - | (39,443)
At 31 December 2025 | 882,336 | 19,489 | 349,130 | 23,889 | 9,913 | 1,284,757
Depreciation
At 1 January 2025 | 274,439 | 7,802 | 168,002 | 19,423 | 5,173 | 474,839
Charge for the year | 96,538 | 2,088 | 46,400 | 2,898 | 1,729 | 149,653
Eliminated on disposal | - | - | (38,703) | (576) | - | (39,279)
At 31 December 2025 | 370,977 | 9,890 | 175,699 | 21,745 | 6,902 | 585,213
Carrying amount
At 31 December 2025 | 511,359 | 9,599 | 173,431 | 2,144 | 3,011 | 699,544
At 31 December 2024 | 607,897 | 11,687 | 161,004 | 3,764 | 4,278 | 788,630

Included within the net book value of land and buildings above is £511,359 (2024 - £607,897) in respect of long leasehold land and buildings.

Phosphonics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 976,465 | 876,063

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 306,545 | 85,465
Prepayments | 111,996 | 127,631
Other debtors | 34,674 | 11,424
| 453,215 | 224,520

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 368,688 | 72,905
Amounts owed to related parties |  | 17,256 | 17,256
Taxation and social security |  | 26,102 | 12,311
Other creditors |  | 120,683 | 507,583
|  | 532,729 | 610,055

9 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 86,000 | 86,000
Later than one year and not later than five years | 344,000 | 344,000
Later than five years | 21,502 | 107,505
| 451,502 | 537,505

Phosphonics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

10 | Parent and ultimate parent undertaking

The company's immediate parent is Phosphonics Holdings Limited, incorporated in England and Wales.