Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity1false2023-01-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13117417 2023-01-01 2023-12-31 13117417 2022-01-01 2022-12-31 13117417 2023-12-31 13117417 2022-12-31 13117417 c:Director1 2023-01-01 2023-12-31 13117417 d:CurrentFinancialInstruments 2023-12-31 13117417 d:CurrentFinancialInstruments 2022-12-31 13117417 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13117417 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13117417 d:ShareCapital 2023-12-31 13117417 d:ShareCapital 2022-12-31 13117417 d:RetainedEarningsAccumulatedLosses 2023-12-31 13117417 d:RetainedEarningsAccumulatedLosses 2022-12-31 13117417 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13117417 c:OrdinaryShareClass1 2023-12-31 13117417 c:OrdinaryShareClass1 2022-12-31 13117417 c:FRS102 2023-01-01 2023-12-31 13117417 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13117417 c:FullAccounts 2023-01-01 2023-12-31 13117417 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13117417 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13117417









PRAYSIO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PRAYSIO LIMITED
REGISTERED NUMBER: 13117417

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
95,392
10,296

Cash at bank and in hand
 5 
24,668
15,215

  
120,060
25,511

Creditors: amounts falling due within one year
 6 
(84,003)
(8,965)

Net current assets
  
 
 
36,057
 
 
16,546

Total assets less current liabilities
  
36,057
16,546

  

Net assets
  
36,057
16,546


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
36,056
16,545

  
36,057
16,546


Page 1

 
PRAYSIO LIMITED
REGISTERED NUMBER: 13117417
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 statement of comprehensive income 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: 




G D Stephens
Director

Date: 16 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
PRAYSIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Praysio Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales (registered number: 13117417). The Company's registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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.

 
2.4

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.

Page 3

 
PRAYSIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
53,268
10,296

Prepayments and accrued income
42,124
-

95,392
10,296



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
24,668
15,215

24,668
15,215


Page 4

 
PRAYSIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
22,705
3,882

Other taxation and social security
21,154
1,707

Other creditors
2,332
1,312

Accruals and deferred income
37,812
2,064

84,003
8,965



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



8.


Related party transactions

Included within other creditors is an amount of £2,332 (2022: £312) due to the director.

 
Page 5