Company Registration No. 11943770 (England and Wales)
PYON LTD
Unaudited accounts
for the year ended 30 April 2025
PYON LTD
Unaudited accounts
Contents
PYON LTD
Company Information
for the year ended 30 April 2025
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
PYON LTD
Statement of financial position
as at 30 April 2025
Tangible assets
210,036
23,171
Cash at bank and in hand
73,874
904
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)
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
PYON LTD
Notes to the Accounts
for the year ended 30 April 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
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
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
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.
Amounts falling due within one year
Accrued income and prepayments
128
-
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
84,773
127,029
Taxes and social security
16,136
2,149
Proposed dividends
100,000
-
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
Loans from directors
200,722
-
9
Average number of employees
During the year the average number of employees was 6 (2024: 6).