Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09846353 Dr Kerwant Gill Dr Rhatica Srai iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09846353 2023-10-31 09846353 2024-10-31 09846353 2023-11-01 2024-10-31 09846353 frs-core:CurrentFinancialInstruments 2024-10-31 09846353 frs-core:ComputerEquipment 2024-10-31 09846353 frs-core:ComputerEquipment 2023-11-01 2024-10-31 09846353 frs-core:ComputerEquipment 2023-10-31 09846353 frs-core:FurnitureFittings 2024-10-31 09846353 frs-core:FurnitureFittings 2023-11-01 2024-10-31 09846353 frs-core:FurnitureFittings 2023-10-31 09846353 frs-core:PlantMachinery 2024-10-31 09846353 frs-core:PlantMachinery 2023-11-01 2024-10-31 09846353 frs-core:PlantMachinery 2023-10-31 09846353 frs-core:ShareCapital 2024-10-31 09846353 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09846353 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09846353 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09846353 frs-bus:SmallEntities 2023-11-01 2024-10-31 09846353 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09846353 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09846353 frs-bus:Director1 2023-11-01 2024-10-31 09846353 frs-bus:Director2 2023-11-01 2024-10-31 09846353 frs-countries:EnglandWales 2023-11-01 2024-10-31 09846353 2022-10-31 09846353 2023-10-31 09846353 2022-11-01 2023-10-31 09846353 frs-core:CurrentFinancialInstruments 2023-10-31 09846353 frs-core:ShareCapital 2023-10-31 09846353 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09846353
Pyxsis Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
D S Burge and Co Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09846353
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,386 3,621
Investment Properties 5 401,700 401,700
404,086 405,321
CURRENT ASSETS
Debtors 6 6,324 -
Cash at bank and in hand 593,430 490,225
599,754 490,225
Creditors: Amounts Falling Due Within One Year 7 (104,822 ) (63,212 )
NET CURRENT ASSETS (LIABILITIES) 494,932 427,013
TOTAL ASSETS LESS CURRENT LIABILITIES 899,018 832,334
NET ASSETS 899,018 832,334
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 898,918 832,234
SHAREHOLDERS' FUNDS 899,018 832,334
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For the year ending 31 October 2024 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 directors acknowledge their 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.
On behalf of the board
Dr Kerwant Gill
Director
Dr Rhatica Srai
Director
16/01/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pyxsis Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09846353 . The registered office is D S Burge And Co Ltd, The Courtyard, 7 Francis Grove, London, SW19 4DW.
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. 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:
Plant & Machinery 4 years
Fixtures & Fittings 4 years
Computer Equipment 4 years
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 2,339 1,306 3,207 6,852
Additions 251 - 87 338
As at 31 October 2024 2,590 1,306 3,294 7,190
Depreciation
As at 1 November 2023 1,708 721 802 3,231
Provided during the period 424 326 823 1,573
As at 31 October 2024 2,132 1,047 1,625 4,804
Net Book Value
As at 31 October 2024 458 259 1,669 2,386
As at 1 November 2023 631 585 2,405 3,621
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 401,700
6. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 6,324 -
6,324 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 35,971 22,903
Other creditors 1,114 1,093
Directors' loan accounts 67,737 39,216
104,822 63,212
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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