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REGISTERED NUMBER: 13043121 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

PYO UK Limited

PYO UK Limited (Registered number: 13043121)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PYO UK Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: N D Cottrell





REGISTERED OFFICE: Bennett House
The Dean
Alresford
Hampshire
SO24 9BH





REGISTERED NUMBER: 13043121 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

PYO UK Limited (Registered number: 13043121)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 142,584 127,707

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 30,998 15,408
Cash at bank and in hand 619 17,007
33,117 33,915
CREDITORS
Amounts falling due within one year 6 309,355 234,626
NET CURRENT LIABILITIES (276,238 ) (200,711 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(133,654

)

(73,004

)

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings (133,954 ) (73,304 )
SHAREHOLDERS' FUNDS (133,654 ) (73,004 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 August 2024 and were signed by:





N D Cottrell - Director


PYO UK Limited (Registered number: 13043121)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

PYO UK 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.

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.

The director considers the use of the going concern basis of accounting appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The financial statements have therefore been prepared on a going concern basis. The director has confirmed that he will continue to support the company and will not recall his loan if it would render the company unable to pay its liabilities as they fall due.

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.
Improvements to property - 5% on cost
Plant and machinery - 25% reducing balance basis
Computer equipment - 33% on cost

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

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

PYO UK Limited (Registered number: 13043121)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 December 2022 87,802 83,632 423 171,857
Additions 20,838 17,447 - 38,285
Disposals - (3,755 ) - (3,755 )
At 30 November 2023 108,640 97,324 423 206,387
DEPRECIATION
At 1 December 2022 7,819 36,074 257 44,150
Charge for year 5,432 15,723 141 21,296
Eliminated on disposal - (1,643 ) - (1,643 )
At 30 November 2023 13,251 50,154 398 63,803
NET BOOK VALUE
At 30 November 2023 95,389 47,170 25 142,584
At 30 November 2022 79,983 47,558 166 127,707

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 521 823
VAT 1,627 -
Deferred tax asset 28,765 14,456
Prepayments 85 129
30,998 15,408

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,781 150
Social security and other taxes 74 -
VAT - 1,141
Other creditors 49,192 -
County Marquees (Southern) Ltd - 5,932
Directors' current accounts 257,308 226,403
Accrued expenses 1,000 1,000
309,355 234,626

PYO UK Limited (Registered number: 13043121)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. DEFERRED TAX
£   
Balance at 1 December 2022 (14,456 )
Accelerated capital allowances (101 )
Unrelieved trading losses (14,208 )
Balance at 30 November 2023 (28,765 )

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 'A' £1 100 100
100 Ordinary 'B' £1 100 100
100 Ordinary 'C' £1 100 100
300 300

The Ordinary 'A' shares, Ordinary 'B' shares and Ordinary 'C' shares rank pari passu in all respects except that dividends may be paid to the holders of one class of shares to the exclusion of the other at the director's discretion.

9. RELATED PARTY DISCLOSURES

Mr N D Cottrell
Director

At the balance sheet date the company owed Mr N D Cottrell £257,308 (2022 - £180,066). There are no repayment terms and no interest has been charged.

Mr S P C Allison
Former director

At the balance sheet date the company owed Mr S P C Allison £49,337 (2022 - £46,337). There are no repayment terms and no interest has been charged.

10. ULTIMATE CONTROLLING PARTY

During the period under review the company was under the control of the board of directors.