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Registered number: 06759990
Pix Pintxo Bars Limited
ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06759990
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 5,285
Tangible Assets 5 7,304 12,704
Investments 6 100 100
7,404 18,089
CURRENT ASSETS
Debtors 46,160 46,750
46,160 46,750
Creditors: Amounts Falling Due Within One Year (646,755 ) (629,666 )
NET CURRENT ASSETS (LIABILITIES) (600,595 ) (582,916 )
TOTAL ASSETS LESS CURRENT LIABILITIES (593,191 ) (564,827 )
NET LIABILITIES (593,191 ) (564,827 )
CAPITAL AND RESERVES
Called up share capital 7 1,200 1,200
Share premium account 199,880 199,880
Profit and Loss Account (794,271 ) (765,907 )
SHAREHOLDERS' FUNDS (593,191) (564,827)
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr John Thornhill
Director
31/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Pix Pintxo Bars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06759990 . The registered office is First Floor Redington Court, 69 Church Road, Hove, BN3 2BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are a software system. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold In accordance with the property
Motor Vehicles 25% SL
Fixtures & Fittings 25% SL
Computer Equipment 25% SL
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Total
£
Cost
As at 1 January 2023 98,139
As at 31 December 2023 98,139
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 January 2023 92,854
Provided during the period 5,285
As at 31 December 2023 98,139
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 5,285
5. Tangible Assets
Total
£
Cost
As at 1 January 2023 280,362
As at 31 December 2023 280,362
Depreciation
As at 1 January 2023 267,658
Provided during the period 5,400
As at 31 December 2023 273,058
Net Book Value
As at 31 December 2023 7,304
As at 1 January 2023 12,704
6. Investments
Total
£
Cost
As at 1 January 2023 100
As at 31 December 2023 100
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 100
As at 1 January 2023 100
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,200 1,200
Page 4