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Company Registration No. 11943770 (England and Wales)
PYON LTD Unaudited accounts for the year ended 30 April 2025
PYON LTD Unaudited accounts Contents
Page
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PYON LTD Company Information for the year ended 30 April 2025
Director
Mr MASON CHOI
Company Number
11943770 (England and Wales)
Registered Office
7F - 06 1 Knightsbridge Green London SW1X 7QA England
Accountants
FURUICHOI & CO Chartered Accountants 69 Station Road Hampton Greater London TW12 2BT
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PYON LTD Statement of financial position as at 30 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
210,036 
23,171 
Current assets
Debtors
128 
7,375 
Cash at bank and in hand
73,874 
904 
74,002 
8,279 
Creditors: amounts falling due within one year
(225,453)
(716,063)
Net current liabilities
(151,451)
(707,784)
Total assets less current liabilities
58,585 
(684,613)
Creditors: amounts falling due after more than one year
(214,927)
(22,861)
Net liabilities
(156,342)
(707,474)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(156,442)
(707,574)
Shareholders' funds
(156,342)
(707,474)
For the year ending 30 April 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 May 2025 and were signed on its behalf by
Mr MASON CHOI Director Company Registration No. 11943770
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PYON LTD Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
PYON LTD is a private company, limited by shares, registered in England and Wales, registration number 11943770. The registered office is 7F - 06, 1 Knightsbridge Green, London, SW1X 7QA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
25% reducing balance
Foreign exchange
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
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PYON LTD Notes to the Accounts for the year ended 30 April 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2024
7,218 
253,117 
8,084 
36,562 
304,981 
Additions
7,012 
184,953 
- 
- 
191,965 
Disposals
- 
(253,117)
- 
- 
(253,117)
At 30 April 2025
14,230 
184,953 
8,084 
36,562 
243,829 
Depreciation
At 1 May 2024
1,043 
253,117 
3,411 
24,239 
281,810 
Charge for the year
1,318 
- 
701 
3,081 
5,100 
On disposals
- 
(253,117)
- 
- 
(253,117)
At 30 April 2025
2,361 
- 
4,112 
27,320 
33,793 
Net book value
At 30 April 2025
11,869 
184,953 
3,972 
9,242 
210,036 
At 30 April 2024
6,175 
- 
4,673 
12,323 
23,171 
The Company has continuously been carrying out the following projects for the period ended 30 April 2024; - Mayfair Projects - Pyonit Projects Theses innovative projects in science and techonogy has been incurring development and research (R&D) expenditure claiming a payable tax credit.
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
7,375 
Accrued income and prepayments
128 
- 
128 
7,375 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
84,773 
127,029 
VAT
1,162 
- 
Taxes and social security
16,136 
2,149 
Proposed dividends
100,000 
- 
Other creditors
- 
531,330 
Accruals
23,382 
55,555 
225,453 
716,063 
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PYON LTD Notes to the Accounts for the year ended 30 April 2025
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
14,205 
22,861 
Loans from directors
200,722 
- 
214,927 
22,861 
9
Average number of employees
During the year the average number of employees was 6 (2024: 6).
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