REGISTERED NUMBER: 04967256 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

PHLORUM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R P Schofield

K P Beckett

SECRETARY:

R P Schofield

REGISTERED OFFICE:

Unit 12 Hunns Mere Way

Woodingdean Business Park

Brighton

East Sussex

BN2 6AH

REGISTERED NUMBER:

04967256 (England and Wales)

ACCOUNTANTS:

LMDB Accountants

Chartered Certified Accountants

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

FIXED ASSETS

Tangible assets

4

193,181

20,080

CURRENT ASSETS

Debtors

5

274,208

233,795

Cash at bank

153,221

156,150

427,429

389,945

CREDITORS

Amounts falling due within one year

6

209,960

171,164

NET CURRENT ASSETS

217,469

218,781

TOTAL ASSETS LESS CURRENT LIABILITIES

410,650

238,861

CREDITORS

Amounts falling due after more than one year

7

(97,415

)

-

PROVISIONS FOR LIABILITIES

(6,191

)

(5,020

)

NET ASSETS

307,044

233,841

CAPITAL AND RESERVES

Called up share capital

10

500

500

Retained earnings

306,544

233,341

SHAREHOLDERS' FUNDS

307,044

233,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2026 and were signed on its behalf by:

R P Schofield - Director

1.	STATUTORY INFORMATION

Phlorum Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

Over 5 years

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate entity. Once the contributions have been paid, the company has no further obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Financial instruments

Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2025 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

8,995

135,025

144,020

Additions

-

204,651

204,651

At 31 March 2026

8,995

339,676

348,671

DEPRECIATION

At 1 April 2025

8,995

114,945

123,940

Charge for year

-

31,550

31,550

At 31 March 2026

8,995

146,495

155,490

NET BOOK VALUE

At 31 March 2026

-

193,181

193,181

At 31 March 2025

-

20,080

20,080

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

Additions

197,410

At 31 March 2026

197,410

DEPRECIATION

Charge for year

18,860

At 31 March 2026

18,860

NET BOOK VALUE

At 31 March 2026

178,550

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

256,338

212,575

Other debtors

17,870

21,220

274,208

233,795

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Finance leases (see note 8)

34,241

-

Trade creditors

25,029

52,709

Taxation and social security

115,353

97,286

Other creditors

35,337

21,169

209,960

171,164

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Finance leases (see note 8)

97,415

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2026

2025

£

£

Net obligations repayable:

Within one year

34,241

-

Between one and five years

97,415

-

131,656

-

Non-cancellable

operating leases

2026

2025

£

£

Within one year

30,800

30,800

Between one and five years

21,602

52,402

52,402

83,202

9.	SECURED DEBTS

The company's bankers have a fixed and floating charge over all present and future assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

150

Ordinary A

£1

150

150

150

Ordinary B

£1

150

150

100

Ordinary C

£1

100

100

100

Ordinary D

£1

100

100

500

500

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

K P Beckett

Balance outstanding at start of year

2,443

-

Amounts advanced

-

2,443

Amounts repaid

(2,443

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,443

The above loan was interest free and repayable on demand.