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Company Registration No. 12481231 (England and Wales)
Staxx Ltd Unaudited accounts for the year ended 28 February 2023
Staxx Ltd Unaudited accounts Contents
Page
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Staxx Ltd Company Information for the year ended 28 February 2023
Director
EA Cozzi
Company Number
12481231 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Staxx Ltd Accountants' report
Accountants' report to the director of Staxx Ltd on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Staxx Ltd for the year ended 28 February 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Staxx Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Staxx Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Staxx Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Staxx Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Staxx Ltd. You consider that Staxx Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Staxx Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 9 October 2023
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Staxx Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,741 
- 
Current assets
Inventories
1,000 
1,000 
Debtors
3,600 
59,642 
Cash at bank and in hand
41,353 
29,252 
45,953 
89,894 
Creditors: amounts falling due within one year
(98,821)
(89,247)
Net current (liabilities)/assets
(52,868)
647 
Net (liabilities)/assets
(51,127)
647 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(51,128)
646 
Shareholders' funds
(51,127)
647 
For the year ending 28 February 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 9 October 2023 and were signed on its behalf by
EA Cozzi Director Company Registration No. 12481231
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Staxx Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Staxx Ltd is a private company, limited by shares, registered in England and Wales, registration number 12481231. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN, United Kingdom.
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:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
- 
Additions
2,130 
At 28 February 2023
2,130 
Depreciation
Charge for the year
389 
At 28 February 2023
389 
Net book value
At 28 February 2023
1,741 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,600 
54,578 
Other debtors
- 
5,064 
3,600 
59,642 
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Staxx Ltd Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,066 
9,515 
VAT
8,673 
(698)
Trade creditors
45,312 
74,873 
Taxes and social security
2,233 
2,233 
Other creditors
259 
2,261 
Loans from directors
37,220 
- 
Accruals
2,058 
1,063 
98,821 
89,247 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
EA Cozzi
Directors Loan Account
5,064 
(68,178)
(25,894)
(37,220)
5,064 
(68,178)
(25,894)
(37,220)
9
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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