Acorah Software Products - Accounts Production 16.2.850 false true true 31 July 2023 20 June 2022 false 1 August 2023 31 July 2024 31 July 2024 14246210 Mr Michael Conroy Mr Tarik Shenyuz Mr Joshua Ereira iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14246210 2023-07-31 14246210 2024-07-31 14246210 2023-08-01 2024-07-31 14246210 frs-core:CurrentFinancialInstruments 2024-07-31 14246210 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-07-31 14246210 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-08-01 2024-07-31 14246210 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-07-31 14246210 frs-core:ShareCapital 2024-07-31 14246210 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 14246210 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14246210 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 14246210 frs-bus:SmallEntities 2023-08-01 2024-07-31 14246210 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14246210 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14246210 frs-bus:Director1 2023-08-01 2024-07-31 14246210 frs-bus:Director2 2023-08-01 2024-07-31 14246210 frs-bus:Director3 2023-08-01 2024-07-31 14246210 frs-countries:EnglandWales 2023-08-01 2024-07-31 14246210 2022-06-19 14246210 2023-07-31 14246210 2022-06-20 2023-07-31 14246210 frs-core:CurrentFinancialInstruments 2023-07-31 14246210 frs-core:ShareCapital 2023-07-31 14246210 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 14246210
Preyus Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
More Group (Accounting) Limited
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Directors Mr Michael Conroy
Mr Tarik Shenyuz
Mr Joshua Ereira
Company Number 14246210
Registered Office 1 Giltspur Street
Farringdon
London
EC1A 9DD
Accountants More Group (Accounting) Limited
1 Giltspur Street
Farringdon
London
EC1A 9DD
Page 1
Page 2
Balance Sheet
Registered number: 14246210
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 250,000 -
250,000 -
CURRENT ASSETS
Cash at bank and in hand 14,909 8,909
14,909 8,909
Creditors: Amounts Falling Due Within One Year 6 (126,279 ) (118,104 )
NET CURRENT ASSETS (LIABILITIES) (111,370 ) (109,195 )
TOTAL ASSETS LESS CURRENT LIABILITIES 138,630 (109,195 )
NET ASSETS/(LIABILITIES) 138,630 (109,195 )
CAPITAL AND RESERVES
Called up share capital 7 9,000 3,000
Profit and Loss Account 129,630 (112,195 )
SHAREHOLDERS' FUNDS 138,630 (109,195)
For the year ending 31 July 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Conroy
Director
25/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Preyus Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14246210 . The registered office is 1 Giltspur Street, Farringdon, London, EC1A 9DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
These accounts have been prepared on the going concern basis, on the understanding that the Director will continue to financially support the company during this uncertain period.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are the Preyus brand, logo and design, plus IT systems it has developed including banking app, website and IT systems.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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 liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 August 2023 -
Additions 250,000
As at 31 July 2024 250,000
Net Book Value
As at 31 July 2024 250,000
As at 1 August 2023 -
Page 3
Page 4
5. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
6. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Trade creditors - 1
Other loans 110,200 110,200
Other creditors 16,079 7,903
126,279 118,104
7. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 9,000 3,000
Page 4