1 April 2022 false No description of principal activity Taxfiler 2023.10 6034346business:PrivateLimitedCompanyLtd2022-04-012023-03-31 60343462022-03-31 60343462022-04-012023-03-31 6034346business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 6034346business:FilletedAccounts2022-04-012023-03-31 60343462023-03-31 6034346business:Director12022-04-012023-03-31 6034346business:RegisteredOffice2022-04-012023-03-31 60343462022-03-31 6034346core:WithinOneYear2023-03-31 6034346core:WithinOneYear2022-03-31 6034346core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 6034346core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 6034346core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 6034346core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 6034346core:PreviouslyStatedAmount2023-03-31 6034346core:PreviouslyStatedAmount2022-03-31 6034346business:SmallEntities2022-04-012023-03-31 6034346countries:EnglandWales2022-04-012023-03-31 6034346core:PlantMachinery2022-04-012023-03-31 6034346core:Goodwill2022-03-31 6034346core:Goodwill2023-03-31 6034346core:PlantMachinery2022-03-31 6034346core:PlantMachinery2023-03-31 60343462021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 6034346 (England and Wales)
PHOTEXT IMAGING SYSTEMS LIMITED Unaudited accounts for the year ended 31 March 2023
PHOTEXT IMAGING SYSTEMS LIMITED Unaudited accounts Contents
Page
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PHOTEXT IMAGING SYSTEMS LIMITED Company Information for the year ended 31 March 2023
Director
Eurion Brown
Company Number
6034346 (England and Wales)
Registered Office
Ffynnon Newydd, Trepit Road Wick Vale Of Glamorgan CF71 7QL
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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PHOTEXT IMAGING SYSTEMS LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
1 
Tangible assets
994 
195 
995 
196 
Current assets
Debtors
78 
201 
Cash at bank and in hand
11,300 
26,485 
11,378 
26,686 
Creditors: amounts falling due within one year
(30,287)
(42,559)
Net current liabilities
(18,909)
(15,873)
Net liabilities
(17,914)
(15,677)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(18,014)
(15,777)
Shareholders' funds
(17,914)
(15,677)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 November 2023 and were signed on its behalf by
Eurion Brown Director Company Registration No. 6034346
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PHOTEXT IMAGING SYSTEMS LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
PHOTEXT IMAGING SYSTEMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6034346. The registered office is Ffynnon Newydd, Trepit Road, Wick, Vale Of Glamorgan, CF71 7QL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
1 
At 31 March 2023
1 
Amortisation
At 1 April 2022
- 
At 31 March 2023
- 
Net book value
At 31 March 2023
1 
At 31 March 2022
1 
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PHOTEXT IMAGING SYSTEMS LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
391 
Additions
1,196 
At 31 March 2023
1,587 
Depreciation
At 1 April 2022
196 
Charge for the year
397 
At 31 March 2023
593 
Net book value
At 31 March 2023
994 
At 31 March 2022
195 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
144 
Other debtors
78 
57 
78 
201 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,842 
947 
Loans from directors
28,445 
41,612 
30,287 
42,559 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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