Company Registration No. 08166026 (England and Wales)
PYCO IT SOLUTIONS LTD
Unaudited accounts
for the year ended 31 March 2025
PYCO IT SOLUTIONS LTD
Unaudited accounts
Contents
PYCO IT SOLUTIONS LTD
Company Information
for the year ended 31 March 2025
Company Number
08166026 (England and Wales)
Registered Office
22 Spindles Drive
Rochdale
OL11 3DW
England
PYCO IT SOLUTIONS LTD
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
1,535,900
1,559,482
Creditors: amounts falling due within one year
106,335
88,342
Net current assets
1,945,233
1,971,926
Net assets
1,981,061
2,008,281
Called up share capital
1
1
Profit and loss account
1,981,060
2,008,280
Shareholders' funds
1,981,061
2,008,281
For the year ending 31 March 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 15 December 2025 and were signed on its behalf by
Kamil Anwar
Director
Company Registration No. 08166026
PYCO IT SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2025
PYCO IT SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 08166026. The registered office is 22 Spindles Drive, Rochdale, OL11 3DW, 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
Computer equipment
50% on straight line basis
Investments in shares are included at fair value.
PYCO IT SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
5
Investments
Other investments
Valuation at 1 April 2024
35,189
Valuation at 31 March 2025
35,196
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
302,861
322,772
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
6,872
76,295
Loans from directors
(113,631)
(171,073)
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).