01 January 2023 31 December 2023 No principle activity is included 13195785 2023-01-01 13195785 2023-12-31 13195785 2023-01-01 2023-12-31 13195785 2022-12-31 13195785 2022-01-01 2022-12-31 13195785 uk-core:WithinOneYear 2023-12-31 13195785 uk-core:WithinOneYear 2022-12-31 13195785 uk-core:ShareCapital 2023-12-31 13195785 uk-core:ShareCapital 2022-12-31 13195785 uk-core:SharePremium 2023-12-31 13195785 uk-core:SharePremium 2022-12-31 13195785 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 13195785 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 13195785 uk-bus:RegisteredOffice 2023-01-01 2023-12-31 13195785 uk-curr:PoundSterling 2023-01-01 2023-12-31 13195785 uk-bus:FRS102 2023-01-01 2023-12-31 13195785 uk-bus:FullAccounts 2023-01-01 2023-12-31 13195785 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13195785 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  PRLY LTD
   
   
   
  UNAUDITED ABRIDGED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 DECEMBER 2023
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  PRLY LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 DECEMBER 2023
       
       
  DIRECTORS
       
  E Malone
  J Wheeler
  W P Smith ( U.S.A. )
       
       
       
       
  REGISTERED OFFICE
       
  33 Seaford Road
London
W13 9HP
       
       
  COMPANY REGISTERED NUMBER
       
  13195785
       
       
  BANKERS
       
  Revolut
       
       
       
       
       
  ACCOUNTANTS
       
  P B Genender & Co.
  Chartered Certified Accountants
  Highridge House
235 The Ridgeway
Enfield Middlesex EN2 8AD
       
       
       
       
       
       
       
       
       
       
       
       
       
       
   
  Page 1
   
  PRLY LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 DECEMBER 2023
       
       
  CONTENTS
       
  Pages
       
  3 Abridged Statement of Financial Position  
       
  4-5 Notes to the Financial Statements  
       
     
   
  Page 2
   
  PRLY LTD
  Company Registered Number: 13195785
  ABRIDGED STATEMENT OF FINANCIAL POSITION AT 31 December 2023
           
    Note 2023 2022
      £ £ £
           
  CURRENT ASSETS
  Debtors   39,154 9,290
  Cash at bank   554 29,058
      39,708 38,348
  CREDITORS: Amounts falling due within one year 3 3,250 17,771
  NET CURRENT ASSETS   36,458 20,577
  NET ASSETS   £36,458 £20,577
  CAPITAL AND RESERVES    
  Called up Share Capital   1,193 1,184
  Share Premium Account   314,565 292,765
  Retained Earnings   (279,300) (273,372)
  SHAREHOLDERS' FUNDS   £36,458 £20,577
       
       
       
  In approving these financial statements as Directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with section 476 of the Companies Act 2006.
       
  The Directors acknowledge their responsibilities for: 1) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
       
  These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies
       
  All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444 (2A) of the Companies Act 2006
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered
  The financial statements were approved and authorised for issue by the Board of Directors on 04 January 2025
 
  Signed on behalf of the Board of Directors
 
 
       
  E Malone, Director
       
       
   
  Page 3
   
  PRLY LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 DECEMBER 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  PRLY Limited is a Limited Company incorporated in England & Wales .
         
  Registered office:
  33 Seaford Road
London
W13 9HP
         
         
         
  Basis of accounting
         
  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" and the Companies Act 2006.
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1e. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1f. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
   
  Page 4
   
  PRLY LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 DECEMBER 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Provisions
         
  Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2023 2022
    No. No.
  Management and Administration 3 3
   
       
       
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2023 2022
    £ £
  Other Taxes and Social Security - 6,231
  Other Creditors - 10,000
  Accruals and deferred income 3,250 1,540
    £3,250 £17,771
   
   
  Page 5