Company Registration No. 4699823 (England and Wales)
Phormium Limited
Unaudited accounts
for the year ended 31 March 2026
Phormium Limited
Unaudited accounts
Contents
Phormium Limited
Company Information
for the year ended 31 March 2026
Directors
S Ingham
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
Phormium Limited
Statement of financial position
as at 31 March 2026
Tangible assets
7,994
15,988
Cash at bank and in hand
269,168
184,292
Creditors: amounts falling due within one year
(76,792)
(58,885)
Net current assets
229,999
162,416
Net assets
237,993
178,404
Called up share capital
2
2
Profit and loss account
237,991
178,402
Shareholders' funds
237,993
178,404
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 15 April 2026 and were signed on its behalf by
S Ingham
Director
Company Registration No. 4699823
Phormium Limited
Notes to the Accounts
for the year ended 31 March 2026
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.
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.
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 2025
26,647
688
3,605
30,940
At 31 March 2026
26,647
688
3,605
30,940
At 1 April 2025
10,659
688
3,605
14,952
Charge for the year
7,994
-
-
7,994
At 31 March 2026
18,653
688
3,605
22,946
At 31 March 2026
7,994
-
-
7,994
At 31 March 2025
15,988
-
-
15,988
Phormium Limited
Notes to the Accounts
for the year ended 31 March 2026
Amounts falling due within one year
Trade debtors
37,623
34,247
Accrued income and prepayments
-
2,762
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
54,900
46,448
Loans from directors
20,842
11,387
7
Average number of employees
During the year the average number of employees was 2 (2025: 2).