HXY LTD

Company Registration Number:
12399874 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 1 February 2022

End date: 31 January 2023

HXY LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

HXY LTD

Profit And Loss Account

for the Period Ended 31 January 2023

2023 2022


£

£
Turnover: 3,671,330 2,394,021
Cost of sales: ( 2,275,485 ) ( 1,326,430 )
Gross profit(or loss): 1,395,845 1,067,591
Distribution costs: ( 131,251 ) ( 68,112 )
Administrative expenses: ( 385,426 ) ( 199,347 )
Operating profit(or loss): 879,168 800,132
Profit(or loss) before tax: 879,168 800,132
Tax: ( 167,041 ) ( 121,283 )
Profit(or loss) for the financial year: 712,127 678,849

HXY LTD

Balance sheet

As at 31 January 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 803,931 473,293
Total fixed assets: 803,931 473,293
Current assets
Stocks: 4 452,154 163,928
Debtors: 5 395,225 275,440
Cash at bank and in hand: 210,487 95,533
Total current assets: 1,057,866 534,901
Creditors: amounts falling due within one year: 6 ( 221,258 ) ( 154,782 )
Net current assets (liabilities): 836,608 380,119
Total assets less current liabilities: 1,640,539 853,412
Total net assets (liabilities): 1,640,539 853,412
Capital and reserves
Called up share capital: 75,000 1
Profit and loss account: 1,565,539 853,411
Total Shareholders' funds: 1,640,539 853,412

The notes form part of these financial statements

HXY LTD

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 31 October 2023
and signed on behalf of the board by:

Name: Kelvin Linton
Status: Director

The notes form part of these financial statements

HXY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

HXY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 10 8

HXY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2022 324,048 61,861 12,704 27,127 85,637 511,377
Additions 245,890 41,214 31,548 23,015 60,267 401,934
Disposals
Revaluations
Transfers
At 31 January 2023 569,938 103,075 44,252 50,142 145,904 913,311
Depreciation
At 1 February 2022 4,294 2,821 5,516 25,453 38,084
Charge for year 15,461 9,425 13,521 32,889 71,296
On disposals
Other adjustments
At 31 January 2023 19,755 12,246 19,037 58,342 109,380
Net book value
At 31 January 2023 569,938 83,320 32,006 31,105 87,562 803,931
At 31 January 2022 324,048 57,567 9,883 21,611 60,184 473,293

HXY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Stocks

2023 2022
£ £
Stocks 452,154 163,928
Total 452,154 163,928

HXY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Debtors

2023 2022
£ £
Trade debtors 395,225 275,440
Total 395,225 275,440

HXY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 54,217 33,499
Taxation and social security 167,041 121,283
Total 221,258 154,782