Phonica Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11494328

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,325		6,055
Tangible Assets	5		2,496		2,824

			6,821		8,879
CURRENT ASSETS
Stocks	6	1,460		1,050
Debtors	7	18,672		19,156
Cash at bank		14,909		10,182

		35,041		30,388
Creditors: Amounts Falling Due Within One Year	8	(61,634 )		(87,434 )

NET CURRENT ASSETS (LIABILITIES)			(26,593 )		(57,046 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(19,772 )		(48,167 )

Creditors: Amounts Falling Due After More Than One Year	9		-		(4,086 )

NET LIABILITIES			(19,772 )		(52,253 )

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			(19,872 )		(52,353 )

SHAREHOLDERS' FUNDS			(19,772)		(52,253)

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Phonica Limited

Balance Sheet (continued)

As At 31 March 2026

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J Manser

Director

24/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Phonica Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11494328 . The registered office is 45 Queenswood Road, Sidcup, Kent, DA15 8QP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced valuc of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

2.4. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & equipment

- 25% on reducing balance

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 2)

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Phonica Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	17,300

As at 31 March 2026	17,300

Amortisation
As at 1 April 2025	11,245
Provided during the period	1,730

As at 31 March 2026	12,975

Net Book Value
As at 31 March 2026	4,325

As at 1 April 2025	6,055

5. Tangible Assets

	Plant & equipment
	£
Cost
As at 1 April 2025	6,842
Additions	504

As at 31 March 2026	7,346

Depreciation
As at 1 April 2025	4,018
Provided during the period	832

As at 31 March 2026	4,850

Net Book Value
As at 31 March 2026	2,496

As at 1 April 2025	2,824

6. Stocks

	2026	2025
	£	£
Stock	1,460	1,050

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Phonica Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	7,119	19,156
VAT Recoverable	964	-
Other debtors & prepayments	51	-
Accrued income.	10,538	-

	18,672	19,156

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	4,284	10,648
Other loan	22,557	28,557
Corporation tax	19,518	14,577
Other taxes and social security	1,325	828
VAT creditors	-	5,944
Other creditors and accruals	13,194	10,638
Directors' loan accounts	756	12,092
Amounts owed to associates	-	4,150

	61,634	87,434

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	-	4,086

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