Piramid Safety Limited Filleted accounts for Companies House (small and micro)

PIRAMID SAFETY LTD - Company Information

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COMPANY REGISTRATION NUMBER: 10636728

Piramid Safety Limited

Filleted Unaudited Abridged Financial Statements

31 March 2021

Piramid Safety Limited

Abridged Statement of Financial Position

31 March 2021

	2021		2020
Note	£	£	£

Current assets

Debtors	19	19
Cash at bank and in hand	7,659	7,909
	-------	-------
	7,678	7,928

Creditors: amounts falling due within one year	7,279		7,504
	-------		-------
Net current assets		399	424
		----	----
Total assets less current liabilities		399	424
		----	----
Net assets		399	424
		----	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	299	324
	----	----
Shareholders funds	399	424
	----	----

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged income statement has not been delivered.

For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged income statement and the abridged statement of financial position for the year ending 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

Piramid Safety Limited

Abridged Statement of Financial Position (continued)

31 March 2021

These abridged financial statements were approved by the board of directors and authorised for issue on 26 August 2021 , and are signed on behalf of the board by:

A Stockley

Director

Company registration number: 10636728

Piramid Safety Limited

Notes to the Abridged Financial Statements

Year ended 31 March 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Hadleigh Business Centre, 351 London Road, Hadleigh, Benfleet, SS7 2BT, United Kingdom.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument .

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).

5. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2021
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
A Stockley	( 2,779)	196	( 2,583)
K Stockley	( 2,780)	197	( 2,583)
	-------	----	-------
	( 5,559)	393	( 5,166)
	-------	----	-------

	2020
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
A Stockley	( 2,699)	( 80)	( 2,779)
K Stockley	( 2,700)	( 80)	( 2,780)
	-------	----	-------
	( 5,399)	( 160)	( 5,559)
	-------	----	-------

6. Related party transactions

The company was under the control of Mr and Mrs Stockley throughout the current year. Mr and Mrs Stockley are the joint directors and shareholders.