2023-11-01 2024-10-31 04994940 SPRY PAY LIMITED false 04994940 2023-11-01 2024-10-31 04994940 uk-bus:Director1 2023-11-01 2024-10-31 04994940 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04994940 uk-bus:SmallEntities 2023-11-01 2024-10-31 04994940 uk-bus:FullAccounts 2023-11-01 2024-10-31 04994940 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04994940 2023-11-01 04994940 2024-10-31 04994940 2023-10-31 xbrli:pure iso4217:GBP 04994940 2022-11-01 2023-10-31
Company Registration Number : 04994940 (England and Wales)
04994940
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-10-31
false
SPRY PAY LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-11-01
SPRY PAY LIMITED
Unaudited filleted financial statements
For the year ended 31 October 2024
SPRY PAY LIMITED
Contents
For the year ended 31 October 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


SPRY PAY LIMITED
Company Information
For the year ended 31 October 2024

Company registration number 04994940 (England and Wales)
Director Sumit Agarwal
Registered office address Dns House
382 Kenton Road
Harrow, Middlesex
United Kingdom
HA3 8DP
Accountant DNS Associates
Chartered Management Accountants
Dns House
Harrow, Middlesex
HA3 8DP
SPRY PAY LIMITED
Statement of Financial Position
For the year ended 31 October 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 502,175 502,175
6 502,175 502,175
Current assets
Debtors 828,048 707,988
Cash and cash equivalents 243,282 705,169
1,071,330 1,413,157
Current liabilities
Creditors: Amounts falling due within one year (868,081) (1,289,896)
Corporation tax payable (9,448) (29,842)
(877,529) (1,319,738)
Net current assets/(liabilities) 193,801 93,419
Total assets less current liabilities 695,975 595,594
Net assets/(liabilities) 695,975 595,594
Capital and reserves
Called up share capital 100,005 100,005
Retained earnings 595,970 495,589
Shareholder's funds 695,975 595,594
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 February 2025
.............................
Sumit Agarwal (Director)
Company registration number: 04994940
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-10-31 31 October 2024
2024 2023
£ £
Fixed Assets 502,175 502,175
Current Assets 797,459 1,402,474
Prepayments and accrued income 275,869 10,683
Creditors: amounts falling due within one year (879,527) (1,319,738)
Net current assets (liabilities) 193,801 93,419
Total assets less current liabilities 695,975 595,594
Net Assets (liabilities) 695,975 595,594
Capital and Reserves 695,975 595,594
For the year ending 31/10/2024 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 in accordance with section 476 of the Companies Act 2006. For the year ending 31-10-2024 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 for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 25 February 2025 2025-02-25 and signed on behalf of the board,
.............................
Sumit Agarwal
Director
Company registration number: 04994940
SPRY PAY LIMITED
Notes to the Financial Statements
For the year ended 31 October 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Dns House, 382 Kenton Road, Harrow, Middlesex, United Kingdom, HA3 8DP.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Foreign currency
Transactions in foreign currencies other than its functional currency are recorded at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the year-end date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement within financial income or expense, as appropriate. Non-monetary assets that are measured in terms of historical cost in foreign currency are translated using the exchange rate at the date of the transaction.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be 10 years. Goodwill amortisation is included within administration expenses.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement 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 current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Employees
During the year, the average number of employees including director was 200 (2023 : 200).

(5) Related party transactions
DNS Associates Ltd is related party by the virtue of having same directors and shareholders. The balance outstanding from this
relating party was £182,070.13 as on 31/10/2024.

(6) Fixed assets
Intangible

£
Cost
As at 01 November 2023836,958
As at 31 October 2024836,958
Depreciation/Amortisation
As at 01 November 2023334,783
As at 31 October 2024334,783
Net book value
As at 31 October 2024502,175
As at 31 October 2023502,175