BRISTOL PAYJI LTD

Company Registration Number:
13466785 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

BRISTOL PAYJI LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

BRISTOL PAYJI LTD

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

Director’s Report Bristol Payji Ltd For the financial year 1st July 2023 to 30th June 2024 Overview The financial year ending 30th June 2024 marked a pivotal phase in Bristol Payji’s development. The company focused exclusively on customer adoption strategies, laying the groundwork for the successful integration of its FinTech products, which are scheduled for launch in the upcoming fiscal year. Rather than pursuing regulated financial services in this period, we concentrated on building a strong product foundation that aligns with real-world SME needs in the hospitality and retail sectors. To this end, we developed and deployed a range of SaaS tools, including advanced reservation booking systems and class/event management modules, all designed to support seamless integration with our future digital payment infrastructure. Strategic Focus This year was dedicated to: Product Development: Our SaaS offering grew to include hospitality booking systems and tools for classes, workshops, and events. These were designed to foster early user adoption and build trust with merchants and consumers alike ahead of our FinTech release. Customer Acquisition Planning: We refined our go-to-market strategy, focusing on independent businesses across the West of England region. Bristol served as the testbed for adoption campaigns. Fundraising Preparation: The period also marked the beginning of our fundraising journey. We initiated conversations with venture capital firms, angel networks, and strategic investors. Internal efforts included preparing pitch materials, investor lists, and attending key networking events. Management and Governance There were several changes to the board during the year: Departures: Alex Symborski and Alex Booth stepped down from their roles as directors. We are grateful for their early contributions to Payji and wish them well in future ventures. Current Directors: Christian Shanahan (Employetc): Led overall strategy, partnerships, and stakeholder engagement, focusing on community integration and investor relations. Mike Todd (Payji): Oversaw product development and technical direction, ensuring alignment between product strategy and long-term FinTech integration. The directors continue to meet regularly to review progress, discuss product feedback, and align the company’s mission with future growth opportunities. Looking Ahead In the next financial year, Bristol Payji will shift towards regulated activities as we begin rolling out our digital wallet and payment infrastructure. These will be integrated into the SaaS tools developed during this period, enabling a unique and streamlined user experience for independent businesses. The company is targeting a 12–18 month break-even point post-launch, supported by subscription tiers and a competitive transaction fee model that reinvests in local economies. Acknowledgements We extend our sincere thanks to our advisors, early supporters, and stakeholders for their belief in our vision. This year was foundational, and we are confident it has set the stage for a successful FinTech rollout and sustainable growth in the year ahead.



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Christian Shanahan
Mike Todd


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 August 2024

And signed on behalf of the board by:
Name: Christian Shanahan
Status: Director

BRISTOL PAYJI LTD

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 6,172 12,943
Cost of sales: ( 29,352 ) ( 60,630 )
Gross profit(or loss): (23,180) (47,687)
Administrative expenses: ( 20,208 ) ( 16,540 )
Operating profit(or loss): (43,388) (64,227)
Profit(or loss) before tax: (43,388) (64,227)
Profit(or loss) for the financial year: (43,388) (64,227)

BRISTOL PAYJI LTD

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 302 493
Total fixed assets: 302 493
Current assets
Cash at bank and in hand: 260 1,055
Investments: 4 54,367 54,367
Total current assets: 54,627 55,422
Prepayments and accrued income: 9,000 9,000
Creditors: amounts falling due within one year: 5 ( 34,352 ) ( 31,701 )
Net current assets (liabilities): 29,275 32,721
Total assets less current liabilities: 29,577 33,214
Creditors: amounts falling due after more than one year: 6 ( 6,040 ) ( 6,000 )
Total net assets (liabilities): 23,537 27,214
Capital and reserves
Called up share capital: 5 5
Other reserves: 233,086 172,536
Profit and loss account: (209,554 ) (145,327 )
Total Shareholders' funds: 23,537 27,214

The notes form part of these financial statements

BRISTOL PAYJI LTD

Balance sheet statements

For the year ending 30 June 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.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 August 2024
and signed on behalf of the board by:

Name: Christian Shanahan
Status: Director

The notes form part of these financial statements

BRISTOL PAYJI LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BRISTOL PAYJI LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

BRISTOL PAYJI LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 764 764
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 764 764
Depreciation
At 1 July 2023 271 271
Charge for year 0 0
On disposals
Other adjustments 191 191
At 30 June 2024 462 462
Net book value
At 30 June 2024 302 302
At 30 June 2023 493 493

BRISTOL PAYJI LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Current assets investments note

Hardware only

BRISTOL PAYJI LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 9,809 3,796
Accruals and deferred income 23,955 27,905
Other creditors 588
Total 34,352 31,701

BRISTOL PAYJI LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 6,040 6,000
Total 6,040 6,000

BRISTOL PAYJI LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Money to cover bills
£
Balance at 30 June 2023 588
Advances or credits made:
Advances or credits repaid:
Balance at 30 June 2024 588