Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 22 December 2021 false 1 January 2023 31 December 2023 31 December 2023 13814365 Jessica Hyman Pruzan Inc 1 Hudson River Road, Bronx, NY 10471, United States true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13814365 2022-12-31 13814365 2023-12-31 13814365 2023-01-01 2023-12-31 13814365 frs-core:CurrentFinancialInstruments 2023-12-31 13814365 frs-core:ShareCapital 2023-12-31 13814365 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13814365 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13814365 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13814365 frs-bus:SmallEntities 2023-01-01 2023-12-31 13814365 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13814365 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13814365 1 2023-01-01 2023-12-31 13814365 frs-bus:Director1 2023-01-01 2023-12-31 13814365 frs-countries:EnglandWales 2023-01-01 2023-12-31 13814365 2021-12-21 13814365 2022-12-31 13814365 2021-12-22 2022-12-31 13814365 frs-core:CurrentFinancialInstruments 2022-12-31 13814365 frs-core:ShareCapital 2022-12-31 13814365 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13814365
Pruzan Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Finerva
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13814365
31 December 2023 31 December 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 152,058 130,326
Debtors 5 8,888 220,019
Cash at bank and in hand 1,393 1,429
162,339 351,774
Creditors: Amounts Falling Due Within One Year 6 (599,516 ) (484,306 )
NET CURRENT ASSETS (LIABILITIES) (437,177 ) (132,532 )
TOTAL ASSETS LESS CURRENT LIABILITIES (437,177 ) (132,532 )
NET LIABILITIES (437,177 ) (132,532 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (437,178 ) (132,533 )
SHAREHOLDERS' FUNDS (437,177) (132,532)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Jessica Hyman
Director
24 September 2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Pruzan Ltd is a private company,  limited by shares, incorporated in England & Wales, registered number 13814365 . The registered office is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in  accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors believe that notwithstanding net liabilities of £437,177 (2022: £132,532), the company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be adequate to meet the company’s needs for a period of at least 12 months from the date of approval of these financial statements. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
  • the company has transferred the significant risks and rewards of ownership to the buyer;
  • the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
  • the amount of revenue can be measured reliably;
  • it is probable that the company will receive the consideration due under the transaction; and
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.   Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Impairment of financial assets
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 within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
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2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.   Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.8. Related party exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned subsidiaries in the group.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
4. Stocks
31 December 2023 31 December 2022
£ £
Stock 152,058 130,326
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Other debtors 8,888 220,019
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 16,430 -
Other creditors 583,086 484,306
599,516 484,306
7. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1 1
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8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Pruzan Inc . Pruzan Inc was incorporated in the United States of America and its registered office address is 1 Hudson River Road, Bronx, NY 10471, United States . The ultimate controlling party is Pruzan Inc who controls 100% of the shares of Pruzan Ltd .
No consolidated financial statements have been prepared. 
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