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Company Registration No. 13774619 (England and Wales)
Pixie Rai Ltd Unaudited accounts for the year ended 30 November 2023
Pixie Rai Ltd Unaudited accounts Contents
Page
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Pixie Rai Ltd Company Information for the year ended 30 November 2023
Director
Sophia Kaur Rai
Company Number
13774619 (England and Wales)
Registered Office
Unit 99c The Stables Market Chalk Farm Road London NW1 8AH
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Pixie Rai Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,892 
4,177 
Current assets
Inventories
415 
385 
Debtors
4,087 
2,000 
Cash at bank and in hand
5,804 
12,558 
10,306 
14,943 
Creditors: amounts falling due within one year
(15,935)
(13,417)
Net current (liabilities)/assets
(5,629)
1,526 
Net (liabilities)/assets
(737)
5,703 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(738)
5,702 
Shareholders' funds
(737)
5,703 
For the year ending 30 November 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 her 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 23 August 2024 and were signed on its behalf by
Sophia Kaur Rai Director Company Registration No. 13774619
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Pixie Rai Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Pixie Rai Ltd is a private company, limited by shares, registered in England and Wales, registration number 13774619. The registered office is Unit 99c The Stables Market, Chalk Farm Road, London, NW1 8AH.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Pixie Rai Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
5,506 
- 
5,506 
Additions
1,957 
388 
2,345 
At 30 November 2023
7,463 
388 
7,851 
Depreciation
At 1 December 2022
1,329 
- 
1,329 
Charge for the year
1,533 
97 
1,630 
At 30 November 2023
2,862 
97 
2,959 
Net book value
At 30 November 2023
4,601 
291 
4,892 
At 30 November 2022
4,177 
- 
4,177 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
415 
385 
415 
385 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
4,087 
2,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,689 
949 
Taxes and social security
- 
1,452 
Loans from directors
13,718 
10,488 
Accruals
528 
528 
15,935 
13,417 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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