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REGISTERED NUMBER: 10129788 (England and Wales)















PYROSS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






PYROSS LTD (REGISTERED NUMBER: 10129788)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PYROSS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: N A Murphy
Mrs S Murphy
A Murphy





REGISTERED OFFICE: Marston House
5, Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL





REGISTERED NUMBER: 10129788 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

PYROSS LTD (REGISTERED NUMBER: 10129788)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,205 3,020
Tangible assets 5 87,261 50,865
95,466 53,885

CURRENT ASSETS
Stocks 29,095 1,743
Debtors 6 26,439 15,008
Cash at bank 2,000,662 1,675,861
2,056,196 1,692,612
CREDITORS
Amounts falling due within one year 7 1,430,317 230,791
NET CURRENT ASSETS 625,879 1,461,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,345

1,515,706

PROVISIONS FOR LIABILITIES 4,860 3,968
NET ASSETS 716,485 1,511,738

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 716,385 1,511,638
SHAREHOLDERS' FUNDS 716,485 1,511,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

PYROSS LTD (REGISTERED NUMBER: 10129788)

BALANCE SHEET - continued
30 APRIL 2024


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 5 September 2024 and were signed on its behalf by:





N A Murphy - Director


PYROSS LTD (REGISTERED NUMBER: 10129788)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Pyross Ltd 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
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.


PYROSS LTD (REGISTERED NUMBER: 10129788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 4,144
Additions 7,000
At 30 April 2024 11,144
AMORTISATION
At 1 May 2023 1,124
Charge for year 1,815
At 30 April 2024 2,939
NET BOOK VALUE
At 30 April 2024 8,205
At 30 April 2023 3,020

PYROSS LTD (REGISTERED NUMBER: 10129788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 30,591 13,123 2,284
Additions - - -
Disposals - - -
At 30 April 2024 30,591 13,123 2,284
DEPRECIATION
At 1 May 2023 611 4,868 2,284
Charge for year 599 1,238 -
Eliminated on disposal - - -
At 30 April 2024 1,210 6,106 2,284
NET BOOK VALUE
At 30 April 2024 29,381 7,017 -
At 30 April 2023 29,980 8,255 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 - 54,996 100,994
Additions 48,448 13,609 62,057
Disposals - (467 ) (467 )
At 30 April 2024 48,448 68,138 162,584
DEPRECIATION
At 1 May 2023 - 42,366 50,129
Charge for year 12,112 11,398 25,347
Eliminated on disposal - (153 ) (153 )
At 30 April 2024 12,112 53,611 75,323
NET BOOK VALUE
At 30 April 2024 36,336 14,527 87,261
At 30 April 2023 - 12,630 50,865

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,870 14,227
Other debtors 1,569 781
26,439 15,008

PYROSS LTD (REGISTERED NUMBER: 10129788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 216,700 222,111
Other creditors 1,213,617 8,680
1,430,317 230,791