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REGISTERED NUMBER: 06508527 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BIXTECH LIMITED

BIXTECH LIMITED (REGISTERED NUMBER: 06508527)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BIXTECH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Ms. Z Xiao





SECRETARY: V H Wijekoon Mudiyansela





REGISTERED OFFICE: 29 Welbeck street
London
W1G 8DA





REGISTERED NUMBER: 06508527 (England and Wales)





ACCOUNTANTS: Ward Divecha Limited
Chartered Accountants &
Statutory Auditors
29 Welbeck Street
London
W1G 8DA

BIXTECH LIMITED (REGISTERED NUMBER: 06508527)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 270 270
Tangible assets 5 12,478 18,848
12,748 19,118

CURRENT ASSETS
Stocks 382,250 391,230
Debtors 6 57,870 129,168
Cash at bank and in hand 62,326 63,041
502,446 583,439
CREDITORS
Amounts falling due within one year 7 596,013 677,958
NET CURRENT LIABILITIES (93,567 ) (94,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,819

)

(75,401

)

CREDITORS
Amounts falling due after more than one
year

8

(19,096

)

(29,775

)

PROVISIONS FOR LIABILITIES (906 ) (435 )
NET LIABILITIES (100,821 ) (105,611 )

BIXTECH LIMITED (REGISTERED NUMBER: 06508527)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (100,823 ) (105,613 )
SHAREHOLDERS' FUNDS (100,821 ) (105,611 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Ms Zixi Ziao the director and authorised for issue on 14 October 2024 and were signed by:





Ms. Z Xiao - Director


BIXTECH LIMITED (REGISTERED NUMBER: 06508527)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Bixtech 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 25% straight line method
Leasehold premises - Over the life of the lease

Stocks
Stocks are valued at the lower of cost and selling price less selling costs, after making due allowance for obsolete and slow moving items.

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.

Going concern
The director has confirmed that she will provide such financial assistance which is necessary to support the company for foreseeable future.

BIXTECH LIMITED (REGISTERED NUMBER: 06508527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as creditors falling due within one year if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as creditors falling due after one year.

Trade creditors are recognised at the undiscounted amount owed to the supplier, which is normally the invoice price.

Trade and other debtors
Trade debtors are amounts due from customers for services provided in the ordinary course of business. Trade debtors are recognised at the undiscounted amount of cash receivable, which is normally the invoice price, less any allowances for doubtful debts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 270
NET BOOK VALUE
At 31 March 2024 270
At 31 March 2023 270

BIXTECH LIMITED (REGISTERED NUMBER: 06508527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 26,564 11,851 38,415
Additions - 4,290 4,290
At 31 March 2024 26,564 16,141 42,705
DEPRECIATION
At 1 April 2023 8,855 10,712 19,567
Charge for year 8,854 1,806 10,660
At 31 March 2024 17,709 12,518 30,227
NET BOOK VALUE
At 31 March 2024 8,855 3,623 12,478
At 31 March 2023 17,709 1,139 18,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,100 106,502
Other debtors 13,770 22,666
57,870 129,168

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 27,385 29,071
Taxation and social security 14,434 15,108
Other creditors 554,194 633,779
596,013 677,958

Other creditors relates to a loan from the Director. This is non-interest bearing and has no fixed repayment terms and payable on demand. The director has confirmed that repayment will not be sought within one year of the balance sheet date.

BIXTECH LIMITED (REGISTERED NUMBER: 06508527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 19,096 29,775

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 30,000 30,000
Between one and five years 37,500 67,500
67,500 97,500

The Company leases a warehouse under an operating lease which will expire on 29th of June 2026.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BIXTECH LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bixtech Limited for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bixtech Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bixtech Limited and state those matters that we have agreed to state to the director of Bixtech Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bixtech Limited and its director for our work or for this report.

It is your duty to ensure that Bixtech Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bixtech Limited. You consider that Bixtech Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bixtech Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ward Divecha Limited
Chartered Accountants &
Statutory Auditors
29 Welbeck Street
London
W1G 8DA


15 October 2024