IRIS Accounts Production v25.1.3.33 13817879 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138178792023-12-31138178792024-12-31138178792024-01-012024-12-31138178792022-12-31138178792023-01-012023-12-31138178792023-12-3113817879ns15:EnglandWales2024-01-012024-12-3113817879ns14:PoundSterling2024-01-012024-12-3113817879ns10:Director12024-01-012024-12-3113817879ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3113817879ns10:SmallEntities2024-01-012024-12-3113817879ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3113817879ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3113817879ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3113817879ns10:FullAccounts2024-01-012024-12-311381787912024-01-012024-12-3113817879ns10:Director22024-01-012024-12-3113817879ns10:Director32024-01-012024-12-3113817879ns10:RegisteredOffice2024-01-012024-12-3113817879ns5:CurrentFinancialInstruments2024-12-3113817879ns5:CurrentFinancialInstruments2023-12-3113817879ns5:Non-currentFinancialInstruments2024-12-3113817879ns5:Non-currentFinancialInstruments2023-12-3113817879ns5:ShareCapital2024-12-3113817879ns5:ShareCapital2023-12-3113817879ns5:RetainedEarningsAccumulatedLosses2024-12-3113817879ns5:RetainedEarningsAccumulatedLosses2023-12-3113817879ns5:NetGoodwill2024-01-012024-12-3113817879ns5:PlantMachinery2024-01-012024-12-3113817879ns5:NetGoodwill2023-12-3113817879ns5:NetGoodwill2024-12-3113817879ns5:NetGoodwill2023-12-3113817879ns5:PlantMachinery2023-12-3113817879ns5:PlantMachinery2024-12-3113817879ns5:PlantMachinery2023-12-3113817879ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3113817879ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 13817879 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Pyramid 1 Limited

Pyramid 1 Limited (Registered number: 13817879)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pyramid 1 Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr Daljit Singh Gill
Mr Amardeep Mann
Mr Ameet Surendrakumar Pancholi





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 13817879 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Pyramid 1 Limited (Registered number: 13817879)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 231,810 238,132
Tangible assets 5 4,443 5,011
236,253 243,143

CURRENT ASSETS
Stocks 63,088 50,000
Debtors 6 135,524 108,289
Cash at bank and in hand 159,498 121,962
358,110 280,251
CREDITORS
Amounts falling due within one year 7 (319,840 ) (472,528 )
NET CURRENT ASSETS/(LIABILITIES) 38,270 (192,277 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,523

50,866

CREDITORS
Amounts falling due after more than
one year

8

(184,372

)

-

PROVISIONS FOR LIABILITIES (1,111 ) (1,085 )
NET ASSETS 89,040 49,781

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 88,940 49,681
SHAREHOLDERS' FUNDS 89,040 49,781

Pyramid 1 Limited (Registered number: 13817879)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:





Mr Amardeep Mann - Director


Pyramid 1 Limited (Registered number: 13817879)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Pyramid 1 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill being the amount paid in connection with the aquisition of business which will be amortised over its estimated useful life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 Profit and Loss Account, 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.


Pyramid 1 Limited (Registered number: 13817879)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 245,786
Additions 6,228
At 31 December 2024 252,014
AMORTISATION
At 1 January 2024 7,654
Charge for year 12,550
At 31 December 2024 20,204
NET BOOK VALUE
At 31 December 2024 231,810
At 31 December 2023 238,132

Pyramid 1 Limited (Registered number: 13817879)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 5,709
Additions 810
At 31 December 2024 6,519
DEPRECIATION
At 1 January 2024 698
Charge for year 1,378
At 31 December 2024 2,076
NET BOOK VALUE
At 31 December 2024 4,443
At 31 December 2023 5,011

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 112,688 85,828
Other debtors 22,836 22,461
135,524 108,289

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 23,871 -
Trade creditors 170,295 125,481
Amounts owed to group undertakings 3,351 -
Taxation and social security 40,285 31,449
Other creditors 82,038 315,598
319,840 472,528

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 184,372 -

Pyramid 1 Limited (Registered number: 13817879)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


9. RELATED PARTY DISCLOSURES

Included in Group Undertakings are the balances due from the companies mentioned below as at 31 December 2024.

- 17th Century Health Food Limited - £15,870 (2023 - £65,070)
- Gillpharm Limited - £15,870 (2023 - £65,070)

The all above loans are interest free and repayable on demand.

Mr Ameet Surendrakumar Pancholi is the director of 17th Century Health Food Limited as at 31 December 2024.

Mr Daljit Singh Gill is the director of Gillpharm Limited as at 31 December 2024.