Payment Guru Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14887007

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		42,281		-
Tangible Assets	5		534		797

			42,815		797
CURRENT ASSETS
Debtors	6	2,261		30,000
Cash at bank and in hand		4,903		18,639

		7,164		48,639
Creditors: Amounts Falling Due Within One Year	7	(153,525 )		(88,633 )

NET CURRENT ASSETS (LIABILITIES)			(146,361 )		(39,994 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(103,546 )		(39,197 )

NET LIABILITIES			(103,546 )		(39,197 )

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			(104,546 )		(40,197 )

SHAREHOLDERS' FUNDS			(103,546)		(39,197)

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Payment Guru Ltd

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Anthony Berry

Director

15th February 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Payment Guru Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14887007 . The registered office is Kings Lodge London Road, West Kingsdown, Sevenoaks, Kent, TN15 6AR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The company is currently reporting a trading loss due to ongoing investment in the development of proprietary software. Development costs, including contractor fees, infrastructure, and associated operational expenses, have been incurred prior to revenue generation.

The software product is currently in development and is expected to be completed in the next finaical year. Upon completion and launch, the company anticipates generating revenue through the sale of the product.

The current deficit reflects strategic investment in product development rather than underlying trading weakness. The directors expect the software launch to generate sufficient revenue to move the company into profitability.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25%
Computer Equipment	33%

3. Average Number of Employees

0Average number of employees, including directors, during the year was: NIL (2024: )

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Payment Guru Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 June 2024	-
Additions	46,979

As at 31 May 2025	46,979

Amortisation
As at 1 June 2024	-
Provided during the period	4,698

As at 31 May 2025	4,698

Net Book Value
As at 31 May 2025	42,281

As at 1 June 2024	-

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 June 2024	1,044

As at 31 May 2025	1,044

Depreciation
As at 1 June 2024	247
Provided during the period	263

As at 31 May 2025	510

Net Book Value
As at 31 May 2025	534

As at 1 June 2024	797

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,827	750
Other debtors	434	29,250

	2,261	30,000

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Payment Guru Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	675	3,083
Bank loans and overdrafts	5	5
Other creditors	152,845	85,545

	153,525	88,633

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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