PAYALLY LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-09-30.

Latest accounts filed cover 2023-12-31; financial figures currently reflect up to 2021-12-31.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “When, during 2023, a review of our systems suggested that they had not kept up entirely with the relatively rapid expansion of the business, the company decided to stop onboarding new clients until all systems had been adequately upgraded. The company did this with the full approval of the FCA and have now been assured by a third-party audit that the systems are now perfectly adequate for a business of our size.”
• “The anticipated roll out of iOS and Android mobile PayAlly applications was completed in early 2023, as well as our payments ecosystem v1.0 offering to clients.”
• “the overall structure of the business will be reassessed and rather than PayAlly Limited being the lead organisation, it will become an important part of a group”
• “PayAlly Limited now has a sister company, PA West Services Ltd. regulated by the Canadian authorities.”
• “Restructuring, when fully planned, will be submitted for regulatory approval as necessary.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +105.8%

  £2,248,280 → £4,627,623

• Cash

  +120.2%

  £16,424,930 → £36,163,727

  highest in 3 filed years

• Net assets

  +135.9%

  £843,239 → £1,988,864

• Employees

  +200%

  4 → 12

• Operating profit

  +245.7%

  £412,731 → £1,426,880

• Profit before tax

  +229.8%

  £432,526 → £1,426,383

• Wages

  +201%

  £128,301 → £386,122

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers