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REGISTERED NUMBER: 13043121 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2024

for

PYO UK Limited

PYO UK Limited (Registered number: 13043121)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PYO UK Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: N D Cottrell





REGISTERED OFFICE: The Old Stables
Sutton Manor Farm
Bishop's Sutton
Hampshire
SO24 0AA





REGISTERED NUMBER: 13043121 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

PYO UK Limited (Registered number: 13043121)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 167,688 142,584

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 3,731 30,998
Cash at bank and in hand 11,425 619
16,656 33,117
CREDITORS
Amounts falling due within one year 6 402,726 309,355
NET CURRENT LIABILITIES (386,070 ) (276,238 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(218,382

)

(133,654

)

CREDITORS
Amounts falling due after more than one
year

7

(11,969

)

-

PROVISIONS FOR LIABILITIES 8 (12,785 ) -
NET LIABILITIES (243,136 ) (133,654 )

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings (243,436 ) (133,954 )
SHAREHOLDERS' FUNDS (243,136 ) (133,654 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PYO UK Limited (Registered number: 13043121)

Balance Sheet - continued
30 November 2024


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 director and authorised for issue on 21 August 2025 and were signed by:





N D Cottrell - Director


PYO UK Limited (Registered number: 13043121)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

PYO UK 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.

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.

The director considers the use of the going concern basis of accounting appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The financial statements have therefore been prepared on a going concern basis. The director has confirmed that he will continue to support the company and will not recall his loan if it would render the company unable to pay its liabilities as they fall due.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 5% on cost
Plant and machinery - 25% reducing balance basis
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

PYO UK Limited (Registered number: 13043121)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 108,640 97,324 - 423 206,387
Additions 10,990 25,320 16,900 372 53,582
At 30 November 2024 119,630 122,644 16,900 795 259,969
DEPRECIATION
At 1 December 2023 13,251 50,154 - 398 63,803
Charge for year 5,982 18,122 4,225 149 28,478
At 30 November 2024 19,233 68,276 4,225 547 92,281
NET BOOK VALUE
At 30 November 2024 100,397 54,368 12,675 248 167,688
At 30 November 2023 95,389 47,170 - 25 142,584

PYO UK Limited (Registered number: 13043121)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 16,900
At 30 November 2024 16,900
DEPRECIATION
Charge for year 4,225
At 30 November 2024 4,225
NET BOOK VALUE
At 30 November 2024 12,675

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 320 521
Other debtors 100 -
VAT 3,219 1,627
Deferred tax asset - 28,765
Prepayments 92 85
3,731 30,998

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,056 -
Trade creditors 6,906 1,781
Social security and other taxes 425 74
Other creditors 49,482 49,192
Directors' current accounts 341,757 257,308
Accrued expenses 1,100 1,000
402,726 309,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 11,969 -

8. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax
Accelerated capital allowances 12,785

PYO UK Limited (Registered number: 13043121)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2023 (28,765 )
Accelerated capital allowances 3,818
Unrelieved trading losses 37,732
Balance at 30 November 2024 12,785

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 'A' £1 100 100
100 Ordinary 'B' £1 100 100
100 Ordinary 'C' £1 100 100
300 300

The Ordinary 'A' shares, Ordinary 'B' shares and Ordinary 'C' shares rank pari passu in all respects except that dividends may be paid to the holders of one class of shares to the exclusion of the other at the director's discretion.

10. RELATED PARTY DISCLOSURES

Mr N D Cottrell
Director

At the balance sheet date the company owed Mr N D Cottrell £341,757 (2023 - £257,308). There are no repayment terms and no interest has been charged.

11. ULTIMATE CONTROLLING PARTY

During the period under review the company was under the control of Mr N D Cottrell.