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REGISTERED NUMBER: 02898317 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

PYRAMID MANAGEMENT SERVICES LIMITED

PYRAMID MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02898317)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PYRAMID MANAGEMENT SERVICES LIMITED

Company Information
for the year ended 30 April 2024







Directors: M Mittal
N D A Mittal
R Mittal





Registered office: 24 Vivian Way
Hampstead
London
N2 0AE





Registered number: 02898317 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

PYRAMID MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02898317)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 49,043 51,310
Investments 5 131,857 128,375
180,900 179,685

Current assets
Debtors 6 131,311 131,608
Cash at bank and in hand 289,646 297,224
420,957 428,832
Creditors
Amounts falling due within one year 7 411,280 128,634
Net current assets 9,677 300,198
Total assets less current liabilities 190,577 479,883

Capital and reserves
Called up share capital 8 120 120
Retained earnings 190,457 479,763
Shareholders' funds 190,577 479,883

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.

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 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 14 January 2025 and were signed on its behalf by:





M Mittal - Director


PYRAMID MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02898317)

Notes to the Financial Statements
for the year ended 30 April 2024


1. Statutory information

Pyramid Management Services Limited 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.

Tangible fixed assets
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Land & buildings 4% Straight Line
Plant & machinery 25% Reducing Balance
Fixtures & fittings10% Straight Line
Computer equipment 25% Straight Line

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year 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.


PYRAMID MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02898317)

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.

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 30 (2023 - 31 ) .

4. Tangible fixed assets
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 May 2023 84,702 67,122 20,707 18,120 190,651
Additions - - 5,441 1,029 6,470
At 30 April 2024 84,702 67,122 26,148 19,149 197,121
Depreciation
At 1 May 2023 58,592 58,312 5,671 16,766 139,341
Charge for year 3,388 2,203 2,215 931 8,737
At 30 April 2024 61,980 60,515 7,886 17,697 148,078
Net book value
At 30 April 2024 22,722 6,607 18,262 1,452 49,043
At 30 April 2023 26,110 8,810 15,036 1,354 51,310

PYRAMID MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02898317)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


5. Fixed asset investments
Other
investments
£   
Cost
At 1 May 2023
and 30 April 2024 525,753
Provisions
At 1 May 2023 397,378
Provision for year (3,482 )
At 30 April 2024 393,896
Net book value
At 30 April 2024 131,857
At 30 April 2023 128,375

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 105,189 112,332
Other debtors 26,122 19,276
131,311 131,608

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 48,233 100,207
Other creditors 363,047 28,427
411,280 128,634

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1 - 120
(2023 - 120 )
72 A Ordinary £1 72 -
30 B Ordinary £1 30 -
6 C Ordinary £1 6 -
6 D Ordinary £1 6 -
6 E Ordinary £1 6 -
120 120

9. Directors' advances, credits and guarantees

As at the year end, there is a balance of £5,954 (2023: £7,304) owed by the directors to the company which is shown within other debtors.