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REGISTERED NUMBER: SC563816 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Pnxray Ltd

Pnxray Ltd (Registered number: SC563816)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pnxray Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Dr Piotr M Nowak
Dr Magdalena Nowak





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC563816 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Pnxray Ltd (Registered number: SC563816)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,979 79,416

CURRENT ASSETS
Debtors 5 9,385 18,967
Cash at bank 180,120 152,512
189,505 171,479
CREDITORS
Amounts falling due within one year 6 16,417 20,094
NET CURRENT ASSETS 173,088 151,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,067

230,801

CREDITORS
Amounts falling due after more than one
year

7

(71,579

)

(79,678

)

PROVISIONS FOR LIABILITIES 8 (11,586 ) (15,089 )
NET ASSETS 150,902 136,034

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 150,802 135,934
SHAREHOLDERS' FUNDS 150,902 136,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Pnxray Ltd (Registered number: SC563816)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





Dr Piotr M Nowak - Director


Pnxray Ltd (Registered number: SC563816)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Pnxray Ltd is a private company, limited by shares , registered in Scotland. 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. 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Pnxray Ltd (Registered number: SC563816)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Pnxray Ltd (Registered number: SC563816)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fittings
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 5,867 101,666 5,549 113,082
Additions 2,386 - - 2,386
At 30 April 2024 8,253 101,666 5,549 115,468
DEPRECIATION
At 1 May 2023 3,195 25,416 5,055 33,666
Charge for year 669 19,063 1,091 20,823
At 30 April 2024 3,864 44,479 6,146 54,489
NET BOOK VALUE
At 30 April 2024 4,389 57,187 (597 ) 60,979
At 30 April 2023 2,672 76,250 494 79,416

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 101,666
DEPRECIATION
At 1 May 2023 25,416
Charge for year 19,063
At 30 April 2024 44,479
NET BOOK VALUE
At 30 April 2024 57,187
At 30 April 2023 76,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,515 5,255
Other debtors 870 13,712
9,385 18,967

Pnxray Ltd (Registered number: SC563816)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,100 8,100
Taxation and social security 3,538 3,731
Other creditors 4,779 8,263
16,417 20,094

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 71,579 79,678

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,586 15,089

Deferred
tax
£   
Balance at 1 May 2023 15,089
Provided during year (3,503 )
Balance at 30 April 2024 11,586

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr Piotr M Nowak.