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REGISTERED NUMBER: 14237237 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PRYFIBER LTD

PRYFIBER LTD (REGISTERED NUMBER: 14237237)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRYFIBER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: T Vargoczky





REGISTERED OFFICE: Queen Mary University Enterprise Zone
The Qmb Innovation Centre
5 Walden St
London
E1 2EF





REGISTERED NUMBER: 14237237 (England and Wales)





AUDITORS: Armstrongs Accountancy Ltd
Chartered Accountants and Statutory Auditor
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

PRYFIBER LTD (REGISTERED NUMBER: 14237237)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 7,746 2
Cash at bank 59,775 5,086
67,521 5,088
CREDITORS
Amounts falling due within one year 5 17,583 22,677
NET CURRENT ASSETS/(LIABILITIES) 49,938 (17,589 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,938

(17,589

)

CREDITORS
Amounts falling due after more than one
year

6

140,997

45,464
NET LIABILITIES (91,059 ) (63,053 )

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings (91,066 ) (63,060 )
(91,059 ) (63,053 )

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 director and authorised for issue on 30 April 2025 and were signed by:





T Vargoczky - Director


PRYFIBER LTD (REGISTERED NUMBER: 14237237)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Pryfiber Ltd 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 (£).


The values in the financial statements have been rounded to the nearest £1.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The accounts have been prepared on a going concern basis as the company is relying on grants from various organisations to assist in bringing the medical product to market.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PRYFIBER LTD (REGISTERED NUMBER: 14237237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 2 2
Other debtors 7,744 -
7,746 2

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 471 6,016
Amounts owed to group undertakings 13,362 12,911
Other creditors 3,750 3,750
17,583 22,677

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 140,997 45,464

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 52,563 45,464

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Muhammed Shabbir (Senior Statutory Auditor)
for and on behalf of Armstrongs Accountancy Ltd

8. ULTIMATE CONTROLLING PARTY

The controlling party is NLC Ventures Netherlands B.V.
The registered address of NLC Ventures Netherlands B.V. is Paasheuvelweg 25 1105 BP Amsterdam.