Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282No description of principal activitytrue2022-03-01false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06100016 2022-03-01 2023-02-28 06100016 2021-03-01 2022-02-28 06100016 2023-02-28 06100016 2022-02-28 06100016 c:Director1 2022-03-01 2023-02-28 06100016 d:FurnitureFittings 2022-03-01 2023-02-28 06100016 d:FurnitureFittings 2023-02-28 06100016 d:FurnitureFittings 2022-02-28 06100016 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06100016 d:OfficeEquipment 2022-03-01 2023-02-28 06100016 d:OfficeEquipment 2023-02-28 06100016 d:OfficeEquipment 2022-02-28 06100016 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06100016 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06100016 d:CurrentFinancialInstruments 2023-02-28 06100016 d:CurrentFinancialInstruments 2022-02-28 06100016 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 06100016 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 06100016 d:ShareCapital 2023-02-28 06100016 d:ShareCapital 2022-02-28 06100016 d:RetainedEarningsAccumulatedLosses 2023-02-28 06100016 d:RetainedEarningsAccumulatedLosses 2022-02-28 06100016 c:OrdinaryShareClass1 2022-03-01 2023-02-28 06100016 c:OrdinaryShareClass1 2023-02-28 06100016 c:OrdinaryShareClass1 2022-02-28 06100016 c:OrdinaryShareClass2 2022-03-01 2023-02-28 06100016 c:OrdinaryShareClass2 2023-02-28 06100016 c:OrdinaryShareClass2 2022-02-28 06100016 c:OrdinaryShareClass3 2022-03-01 2023-02-28 06100016 c:OrdinaryShareClass3 2023-02-28 06100016 c:OrdinaryShareClass3 2022-02-28 06100016 c:FRS102 2022-03-01 2023-02-28 06100016 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 06100016 c:FullAccounts 2022-03-01 2023-02-28 06100016 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 06100016 2 2022-03-01 2023-02-28 06100016 6 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06100016









PYRAMIS PURCHASING SOLUTIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
PYRAMIS PURCHASING SOLUTIONS LTD
REGISTERED NUMBER: 06100016

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
278
376

Investments
 5 
28,679
30,726

  
28,957
31,102

Current assets
  

Debtors: amounts falling due within one year
 6 
980
755

Cash at bank and in hand
 7 
1,584
2,914

  
2,564
3,669

Creditors: amounts falling due within one year
 8 
(37,025)
(40,450)

Net current liabilities
  
 
 
(34,461)
 
 
(36,781)

Total assets less current liabilities
  
(5,504)
(5,679)

  

Net liabilities
  
(5,504)
(5,679)


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
(5,704)
(5,879)

  
(5,504)
(5,679)


Page 1

 
PYRAMIS PURCHASING SOLUTIONS LTD
REGISTERED NUMBER: 06100016
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr J M Willshaw
Director

Date: 13 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PYRAMIS PURCHASING SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Pyramis Purchasing Solutions Limited is a private limited company, limited by shares, incorporated in England and Wales, company number 06100016, with its registered office and principal place of business at Ridgeway, Birchall Lane, Leek, Staffordshire, ST13 5RA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis on the assumption that the director continues to support the company.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
PYRAMIS PURCHASING SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Page 4

 
PYRAMIS PURCHASING SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

Page 5

 
PYRAMIS PURCHASING SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2022
171
4,225
4,396


Disposals
-
(2,695)
(2,695)



At 28 February 2023

171
1,530
1,701



Depreciation


At 1 March 2022
119
3,901
4,020


Charge for the year on owned assets
17
81
98


Disposals
-
(2,695)
(2,695)



At 28 February 2023

136
1,287
1,423



Net book value



At 28 February 2023
35
243
278



At 28 February 2022
52
324
376


5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 March 2022
30,726


Additions
8,561


Disposals
(8,412)


Revaluations
(2,196)



At 28 February 2023
28,679




Page 6

 
PYRAMIS PURCHASING SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Debtors

2023
2022
£
£


Other debtors
980
755

980
755



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,584
2,914

1,584
2,914



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
34,355
38,355

Accruals and deferred income
2,670
2,095

37,025
40,450



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) Ordinary A shares shares of £1.00 each
50
50
50 (2022 - 50) Ordinary B shares shares of £1.00 each
50
50
100 (2022 - 100) Ordinary C shares shares of £1.00 each
100
100

200

200


 
Page 7