IRIS Accounts Production v24.2.0.383 10886123 Board of Directors 1.6.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 Redeemable 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108861232023-05-31108861232023-12-31108861232023-06-012023-12-31108861232022-05-31108861232022-06-012023-05-31108861232023-05-3110886123ns15:EnglandWales2023-06-012023-12-3110886123ns14:PoundSterling2023-06-012023-12-3110886123ns10:Director12023-06-012023-12-3110886123ns10:PrivateLimitedCompanyLtd2023-06-012023-12-3110886123ns10:SmallEntities2023-06-012023-12-3110886123ns10:AuditExempt-NoAccountantsReport2023-06-012023-12-3110886123ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012023-12-3110886123ns10:SmallCompaniesRegimeForAccounts2023-06-012023-12-3110886123ns10:AbridgedAccounts2023-06-012023-12-3110886123ns10:OrdinaryShareClass12023-06-012023-12-3110886123ns10:OrdinaryShareClass22023-06-012023-12-3110886123ns10:Director22023-06-012023-12-3110886123ns10:Director32023-06-012023-12-3110886123ns10:RegisteredOffice2023-06-012023-12-3110886123ns5:CurrentFinancialInstruments2023-12-3110886123ns5:CurrentFinancialInstruments2023-05-3110886123ns5:Non-currentFinancialInstruments2023-12-3110886123ns5:Non-currentFinancialInstruments2023-05-3110886123ns5:ShareCapital2023-12-3110886123ns5:ShareCapital2023-05-3110886123ns5:CapitalRedemptionReserve2023-12-3110886123ns5:CapitalRedemptionReserve2023-05-3110886123ns5:RetainedEarningsAccumulatedLosses2023-12-3110886123ns5:RetainedEarningsAccumulatedLosses2023-05-3110886123ns10:OrdinaryShareClass12023-12-3110886123ns10:OrdinaryShareClass22023-12-3110886123ns10:Director222023-05-3110886123ns10:Director222022-05-3110886123ns10:Director222023-06-012023-12-3110886123ns10:Director222022-06-012023-05-3110886123ns10:Director222023-12-3110886123ns10:Director222023-05-3110886123ns10:Director332023-05-3110886123ns10:Director332022-05-3110886123ns10:Director332023-06-012023-12-3110886123ns10:Director332022-06-012023-05-3110886123ns10:Director332023-12-3110886123ns10:Director332023-05-31
REGISTERED NUMBER: 10886123 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JUNE 2023 TO 31ST DECEMBER 2023

FOR

THE PRYZM GROUP LTD

THE PRYZM GROUP LTD (REGISTERED NUMBER: 10886123)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JUNE 2023 TO 31ST DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE PRYZM GROUP LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST JUNE 2023 TO 31ST DECEMBER 2023







DIRECTORS: C A Graham
G J Smyth
Miss N L Murphy





REGISTERED OFFICE: 10th Floor
Bridgewater House
Whitworth Street
Manchester
M1 6LT





REGISTERED NUMBER: 10886123 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

THE PRYZM GROUP LTD (REGISTERED NUMBER: 10886123)

ABRIDGED BALANCE SHEET
31ST DECEMBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 340 340

CURRENT ASSETS
Debtors 257,169 237,097

CREDITORS
Amounts falling due within one year 210,191 197,472
NET CURRENT ASSETS 46,978 39,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,318

39,965

CREDITORS
Amounts falling due after more than one
year

13,113

13,113
NET ASSETS 34,205 26,852

CAPITAL AND RESERVES
Called up share capital 5 280 280
Capital redemption reserve 60 60
Retained earnings 33,865 26,512
SHAREHOLDERS' FUNDS 34,205 26,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2023 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.

THE PRYZM GROUP LTD (REGISTERED NUMBER: 10886123)

ABRIDGED BALANCE SHEET - continued
31ST DECEMBER 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th July 2024 and were signed on its behalf by:





Miss N L Murphy - Director


THE PRYZM GROUP LTD (REGISTERED NUMBER: 10886123)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JUNE 2023 TO 31ST DECEMBER 2023

1. STATUTORY INFORMATION

The Pryzm Group 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st June 2023
and 31st December 2023 340
NET BOOK VALUE
At 31st December 2023 340
At 31st May 2023 340

THE PRYZM GROUP LTD (REGISTERED NUMBER: 10886123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JUNE 2023 TO 31ST DECEMBER 2023

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2023
value: £    £   
200 Ordinary £1 200 200
80 Redeemable £1 80 80
280 280

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st December 2023 and the year ended 31st May 2023:

2023 2023
£    £   
C A Graham
Balance outstanding at start of period 10,391 43,561
Amounts advanced 36,113 41,035
Amounts repaid (36,758 ) (74,205 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 9,746 10,391

G J Smyth
Balance outstanding at start of period 182,138 183,611
Amounts advanced 52,496 81,975
Amounts repaid (31,781 ) (83,448 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 202,853 182,138

7. ULTIMATE CONTROLLING PARTY

The company is controlled by two of its directors who own all of the issued share capital.