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
Pixie Rai Ltd
Company Information
for the year ended 30 November 2023
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
Pixie Rai Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
4,892
4,177
Cash at bank and in hand
5,804
12,558
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
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
Pixie Rai Ltd
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
At 30 November 2023
7,463
388
7,851
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
At 30 November 2023
4,601
291
4,892
At 30 November 2022
4,177
-
4,177
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
1,452
Loans from directors
13,718
10,488
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).