Pyramis Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03017933 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Pyramis Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Barnes

Mr A Broughton

SECRETARY:

Mr R J Barnes

REGISTERED OFFICE:

C/O KKVMS LLP

Capital Tower

91 Waterloo Road

London

SE1 8RT

REGISTERED NUMBER:

03017933 (England and Wales)

ACCOUNTANTS:

KKVMS LLP

Chartered Certified Accountants

Capital Tower

91 Waterloo Road

London

SE1 8RT

FIXED ASSETS

Tangible assets

3

11,896

CURRENT ASSETS

Debtors

4

203,530

CREDITORS

Amounts falling due within one year

5

602,295

NET CURRENT LIABILITIES

(398,765

)

(398,765

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(386,869

)

(386,869

)

CAPITAL AND RESERVES

Called up share capital

10,000

Retained earnings

(396,869

)

(396,869

)

SHAREHOLDERS' FUNDS

(386,869

)

(386,869

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 September 2019 and were signed on its behalf
by:

Mr A Broughton - Director

Mr R J Barnes - Director

1.	STATUTORY INFORMATION

Pyramis 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.

Tangible fixed assets

Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less

estimated residual value each asset over its estimated useful life. The principal rates in use are:

Fixtures and fitting 25% on cost

Plant and machinery 25% on cost

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.

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.

Pension scheme

The company provides a defined contribution pension scheme, the assets of which are held separately from those

of the company in an independently administered fund. Contributions to this scheme are charged to the profit and

loss accounts as they become payable.

Pension scheme

The company provides a defined contribution pension scheme, the assets of which are held separately from those

of the company in an independently administered fund. Contributions to this scheme are charged to the profit and

loss accounts as they become payable.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

256,763

DEPRECIATION

At 1 January 2018

and 31 December 2018

244,867

NET BOOK VALUE

At 31 December 2018

11,896

At 31 December 2017

11,896

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

118,475

DEPRECIATION

At 1 January 2018

and 31 December 2018

118,475

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Other debtors

203,530

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade creditors

601,935

Other creditors

360

602,295

6.	RELATED PARTY DISCLOSURES

The company is controlled by its directors, Mr R Barnes and Mr A Broughton, who each hold 50% of the

Ordinary Shares of the Company.

Pyramis Limited - Accounts to registrar (filleted) - small 18.2

Pyramis Limited - Accounts to registrar (filleted) - small 18.2