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REGISTERED NUMBER: 02361944 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Pyramid Trading Limited

Pyramid Trading Limited (Registered number: 02361944)

Contents of the Financial Statements
for the Year Ended 31st March 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pyramid Trading Limited

Company Information
for the Year Ended 31st March 2025







DIRECTORS: S C Livingstone
Ms J M Holland
D Livingstone
L Holland





REGISTERED OFFICE: Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT





REGISTERED NUMBER: 02361944 (England and Wales)





ACCOUNTANTS: Whiteleys
Chartered Certified Accountants
Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT

Pyramid Trading Limited (Registered number: 02361944)

Statement of Financial Position
31st March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 180,569 150,516

CURRENT ASSETS
Stocks 80,779 64,464
Debtors 6 106,021 98,058
Cash at bank and in hand 603,601 524,141
790,401 686,663
CREDITORS
Amounts falling due within one year 7 316,560 270,341
NET CURRENT ASSETS 473,841 416,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,410

566,838

CREDITORS
Amounts falling due after more than one
year

8

(37,934

)

-

PROVISIONS FOR LIABILITIES (19,830 ) (21,704 )
NET ASSETS 596,646 545,134

CAPITAL AND RESERVES
Called up share capital 9,000 9,000
Retained earnings 587,646 536,134
SHAREHOLDERS' FUNDS 596,646 545,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Pyramid Trading Limited (Registered number: 02361944)

Statement of Financial Position - continued
31st March 2025


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 Board of Directors and authorised for issue on 21st May 2025 and were signed on its behalf by:





S C Livingstone - Director


Pyramid Trading Limited (Registered number: 02361944)

Notes to the Financial Statements
for the Year Ended 31st March 2025


1. STATUTORY INFORMATION

Pyramid Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 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.

Tangible fixed assets
Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Short leasehold-20% on cost
Improvements to property-20% on cost
Plant & machinery-10% & 25% on cost
Equipment-10% & 25% on cost
Motor vehicles-10% & 25% on cost

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Stocks
Stocks are measured at the lower of cost and selling price less cost to complete and sell.

Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Pyramid Trading Limited (Registered number: 02361944)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pyramid Trading Limited (Registered number: 02361944)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.

The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments.

Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stocks are also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

Pyramid Trading Limited (Registered number: 02361944)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery Equipment vehicles Totals
£    £    £    £    £   
COST
At 1st April 2024 40,577 71,504 49,203 189,532 350,816
Additions - - - 70,360 70,360
Disposals - - - (633 ) (633 )
At 31st March 2025 40,577 71,504 49,203 259,259 420,543
DEPRECIATION
At 1st April 2024 19,727 63,023 39,043 78,507 200,300
Charge for year 9,159 2,567 4,913 23,035 39,674
At 31st March 2025 28,886 65,590 43,956 101,542 239,974
NET BOOK VALUE
At 31st March 2025 11,691 5,914 5,247 157,717 180,569
At 31st March 2024 20,850 8,481 10,160 111,025 150,516

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2024 18,843 - 18,843
Additions - 51,810 51,810
Transfer to ownership (18,843 ) - (18,843 )
At 31st March 2025 - 51,810 51,810
DEPRECIATION
At 1st April 2024 18,843 - 18,843
Charge for year - 2,306 2,306
Transfer to ownership (18,843 ) - (18,843 )
At 31st March 2025 - 2,306 2,306
NET BOOK VALUE
At 31st March 2025 - 49,504 49,504
At 31st March 2024 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 32,844 37,738
Other debtors 73,177 60,320
106,021 98,058

Pyramid Trading Limited (Registered number: 02361944)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 9) 5,463 676
Trade creditors 255,365 113,221
Taxation and social security 50,458 114,742
Other creditors 5,274 41,702
316,560 270,341

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts (see note 9) 37,934 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 5,463 676
Between one and five years 37,934 -
43,397 676

Non-cancellable operating leases
2025 2024
£    £   
Within one year 60,062 60,062
Between one and five years 132,510 192,572
192,572 252,634

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025 2024
£    £   
Ms J M Holland and S C Livingstone
Balance outstanding at start of year - -
Amounts advanced 10,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 -