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REGISTERED NUMBER: 08356475 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

PASSIVLUX LTD

PASSIVLUX LTD (REGISTERED NUMBER: 08356475)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PASSIVLUX LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: T M Bolton
Mrs K J B Bolton





REGISTERED OFFICE: Unit 5 Chestfield Business Park
Thanet Way
Whitstable
Kent
CT5 3JB





REGISTERED NUMBER: 08356475 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

PASSIVLUX LTD (REGISTERED NUMBER: 08356475)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 138,942 101,719

CURRENT ASSETS
Debtors 6 215,736 262,373
Prepayments and accrued income 144,980 1,553
Cash at bank 176,938 262,808
537,654 526,734
CREDITORS
Amounts falling due within one year 7 178,470 136,875
NET CURRENT ASSETS 359,184 389,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,126

491,578

CREDITORS
Amounts falling due after more than one
year

8

(55,954

)

(61,194

)

PROVISIONS FOR LIABILITIES (16,870 ) (10,223 )

ACCRUALS AND DEFERRED INCOME (125,398 ) -
NET ASSETS 299,904 420,161

CAPITAL AND RESERVES
Called up share capital 9 200 100
Retained earnings 299,704 420,061
SHAREHOLDERS' FUNDS 299,904 420,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 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 and authorised for issue on 11th October 2023 and were signed on its behalf by:




T M Bolton - Director


PASSIVLUX LTD (REGISTERED NUMBER: 08356475)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

Passivlux Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on a straight line basis and 20% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

PASSIVLUX LTD (REGISTERED NUMBER: 08356475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2022 22,265 9,926 116,315 4,813 153,319
Additions 683 7,165 82,958 2,570 93,376
Disposals - - (54,358 ) - (54,358 )
At 31st January 2023 22,948 17,091 144,915 7,383 192,337
DEPRECIATION
At 1st February 2022 22,119 4,844 22,904 1,733 51,600
Charge for year 218 1,993 20,062 830 23,103
Eliminated on disposal - - (21,308 ) - (21,308 )
At 31st January 2023 22,337 6,837 21,658 2,563 53,395
NET BOOK VALUE
At 31st January 2023 611 10,254 123,257 4,820 138,942
At 31st January 2022 146 5,082 93,411 3,080 101,719

Within the assets above are assets on hire purchase with a cost of £118,521 and accumulated depreciation to date of £4,492

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 161,953 262,373
Other debtors 53,783 -
215,736 262,373

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 12,273 8,969
Trade creditors 143,869 54,545
Taxation and social security 15,580 68,620
Other creditors 6,748 4,741
178,470 136,875

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 55,954 61,194

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 80
50 Ordinary A £1 50 20
50 Ordinary B £1 50 -
200 100

PASSIVLUX LTD (REGISTERED NUMBER: 08356475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

10. RELATED PARTY DISCLOSURES

Within other debtors are the following transactions:

£39,341, which has been loaned to Cooper Marketing Ltd. A company in Which Mr T Bolton is a Director.