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REGISTERED NUMBER: 08312097 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Pyrology Limited

Pyrology Limited (Registered number: 08312097)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pyrology Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Dr P Wilkinson





REGISTERED OFFICE: 23 Burrough Way
Lutterworth
Leicestershire
LE17 4GJ





REGISTERED NUMBER: 08312097 (England and Wales)





ACCOUNTANTS: Abrahamson Foster Limited
The Atkins Building
Lower Bond Street
Hinckley
Leicestershire
LE10 1QU

Pyrology Limited (Registered number: 08312097)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,146 58,178

CURRENT ASSETS
Debtors 5 46,735 46,490
Cash at bank 24,708 63,218
71,443 109,708
CREDITORS
Amounts falling due within one year 6 55,155 34,075
NET CURRENT ASSETS 16,288 75,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,434

133,811

CREDITORS
Amounts falling due after more than one
year

7

68,764

55,794
NET ASSETS 19,670 78,017

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,668 78,015
SHAREHOLDERS' FUNDS 19,670 78,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Pyrology Limited (Registered number: 08312097)

Balance Sheet - continued
30 November 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:





Dr P Wilkinson - Director


Pyrology Limited (Registered number: 08312097)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Pyrology 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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 2 (2023 - 1 ) .

Pyrology Limited (Registered number: 08312097)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 89,414
Additions 44,410
At 30 November 2024 133,824
DEPRECIATION
At 1 December 2023 31,236
Charge for year 30,442
At 30 November 2024 61,678
NET BOOK VALUE
At 30 November 2024 72,146
At 30 November 2023 58,178

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 38,910 38,688
Other debtors 7,825 7,802
46,735 46,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 2,014 519
Hire purchase contracts 11,757 -
Trade creditors (2 ) -
Taxation and social security 26,075 32,590
Other creditors 15,311 966
55,155 34,075

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 68,764 55,794

Pyrology Limited (Registered number: 08312097)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
Dr P Wilkinson
Balance outstanding at start of year (15 ) (15 )
Amounts advanced 143,088 -
Amounts repaid (157,433 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,360 ) (15 )