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REGISTERED NUMBER: 07948168 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Pyxis Joinery Limited

Pyxis Joinery Limited (Registered number: 07948168)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pyxis Joinery Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J Dann





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 07948168 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Pyxis Joinery Limited (Registered number: 07948168)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,556 35,003

CURRENT ASSETS
Stocks 25,000 25,000
Debtors 5 43,310 74,664
Cash at bank 33,341 6,403
101,651 106,067
CREDITORS
Amounts falling due within one year 6 90,767 68,094
NET CURRENT ASSETS 10,884 37,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,440

72,976

CREDITORS
Amounts falling due after more than one year 7 20,964 36,434
NET ASSETS 48,476 36,542

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 48,475 36,541
SHAREHOLDERS' FUNDS 48,476 36,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 March 2024 and were signed by:





J Dann - Director


Pyxis Joinery Limited (Registered number: 07948168)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Pyxis Joinery Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 - 20% on cost
Motor Vehicle - 25% on reducing balance
Computer Equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Pyxis Joinery Limited (Registered number: 07948168)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery Vehicle Equipment Totals
£    £    £    £   
COST
At 1 March 2023 84,354 17,689 3,862 105,905
Additions 10,951 25,308 3,451 39,710
At 29 February 2024 95,305 42,997 7,313 145,615
DEPRECIATION
At 1 March 2023 54,251 13,468 3,183 70,902
Charge for year 8,435 7,382 340 16,157
At 29 February 2024 62,686 20,850 3,523 87,059
NET BOOK VALUE
At 29 February 2024 32,619 22,147 3,790 58,556
At 28 February 2023 30,103 4,221 679 35,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 42,325 74,664
Tax 985 -
43,310 74,664

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 960 -
Hire purchase contracts 6,040 5,600
Trade creditors 47,873 46,596
Tax 14,319 4,029
Social security and other taxes 2,430 -
VAT 15,545 9,469
Accruals 3,600 2,400
90,767 68,094

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 20,964 31,674
Hire purchase contracts - 4,760
20,964 36,434

8. RELATED PARTY DISCLOSURES

The company is controlled by the company director.