PHRISM SOLUTIONS LTD

PHRISM SOLUTIONS LTD
Statement of Financial Position
As at 31 October 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	3,268	0
Tangible fixed assets	4	79,105	79,881
		82,373	79,881
Current assets
Debtors: amounts falling due within one year	5	218,236	328,828
Debtors: amounts falling due after one year	6	800,872	647,539
Cash at bank and in hand		530,097	1,147,270
		1,549,205	2,123,637
Creditors: amount falling due within one year	7	(604,047)	(820,609)
Net current assets		945,158	1,303,028

Total assets less current liabilities		1,027,531	1,382,909
Provisions for liabilities	8	(15,866)	(19,976)
Net assets		1,011,665	1,362,933

Capital and reserves
Called up share capital		203	203
Share Premium Account	9	700	700
Profit and loss account		1,010,762	1,362,030
Shareholders' funds		1,011,665	1,362,933

For the year ended 31 October 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 financial statements were approved by the board of directors on 21 October 2026 and were signed on its behalf by:

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Mr.Muneer Basha KAREEN NAZEER BASHA
Director

PHRISM SOLUTIONS LTD
Notes to the Financial Statements
For the year ended 31 October 2025

General Information

PHRISM SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 09808170, registration address 16 STONELEIGH COURT, FRIMLEY , CAMBERLEY, GU16 8XH.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

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

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of years.

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:
Computer Equipment - 5Yrs Straight line
Motor Vehicles - 4Yrs Straight line

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 18 (2024 : 18).

Intangible fixed assets

Cost	Software License	Total
	£	£
At 01 November 2024	-	-
Additions	3,268	3,268
Disposals	-	-
At 31 October 2025	3,268	3,268
Amortisation
At 01 November 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 October 2025	-	-
Net book values
At 31 October 2025	3,268	3,268
At 31 October 2024	-	-

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
At 01 November 2024	-	79,999	17,375	97,374
Additions	4,253	-	-	4,253
Disposals	-	-	-	-
At 31 October 2025	4,253	79,999	17,375	101,627
Depreciation
At 01 November 2024	-	-	-	-
Charge for year	388	18,160	3,974	22,522
On disposals	-	-	-	-
At 31 October 2025	388	18,160	3,974	22,522
Net book values
Closing balance as at 31 October 2025	3,865	61,839	13,401	79,105
Opening balance as at 01 November 2024	-	70,666	9,215	79,881

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	146,240	185,520
Other Debtors	71,996	143,308
	218,236	328,828

Debtors: amounts falling due after one year

	2025 £		2024 £
Other Debtors	800,872		647,539
	800,872		647,539

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	375,903	0
Taxation and Social Security	108,097	293,494
Other Creditors	120,047	527,115
	604,047	820,609

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	15,866		19,976
	15,866		19,976

Share Premium Account

	2025 £		2024 £
Equity Share Premium b/fwd	700		700
	700		700