Pixie (Hale) Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of Pixie (Hale) Limited For The Year Ended 31 August 2024

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pixie (Hale) Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Pixie (Hale) Limited , as a body, in accordance with the terms of our engagement letter dated 09 December 2022. Our work has been undertaken solely to prepare for your approval the accounts of Pixie (Hale) Limited and state those matters that we have agreed to state to the directors of Pixie (Hale) Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pixie (Hale) Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Pixie (Hale) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Pixie (Hale) Limited . You consider that Pixie (Hale) 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 accounts of Pixie (Hale) 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 financial statements.

Signed

2nd April 2025

Ascendis Group

Chartered Certified Accountants, Taxation and Business Advisors

Unit 3, Building 2, The Colony Wilmslow

Altrincham Road

Wilmslow

Cheshire

SK9 4LY

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Pixie (Hale) Limited

Balance Sheet

As At 31 August 2024

Balance Sheet

Registered number: 07226502

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		447

			-		447
CURRENT ASSETS
Stocks	5	34,560		32,989
Debtors	6	5,254		90,661
Cash at bank and in hand		80,845		49,691

		120,659		173,341
Creditors: Amounts Falling Due Within One Year	7	(79,600 )		(111,248 )

NET CURRENT ASSETS (LIABILITIES)			41,059		62,093

TOTAL ASSETS LESS CURRENT LIABILITIES			41,059		62,540

Creditors: Amounts Falling Due After More Than One Year	8		(14,868 )		(23,954 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		-		(85 )

NET ASSETS			26,191		38,501

CAPITAL AND RESERVES
Called up share capital	11		100		250
Profit and Loss Account			26,091		38,251

SHAREHOLDERS' FUNDS			26,191		38,501

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Pixie (Hale) Limited

Balance Sheet (continued)

As At 31 August 2024

For the year ending 31 August 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

Mrs Gillian Kenwrick

Director

2nd April 2025

The notes on pages 4 to 6 form part of these financial statements.

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Pixie (Hale) Limited

Notes to the Financial Statements

For The Year Ended 31 August 2024

Notes to the Financial Statements

1. General Information

Pixie (Hale) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07226502 . The registered office is Unit 3, Building 2 The Colony Wilmslow, Altrincham Road, Wilmslow, SK9 4LY.

The company's principal place of business is 3 Century House, Ashley Road, Hale, WA15 9SF.

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. 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.

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:

Fixtures & Fittings	25% on reducing balance
Computer Equipment	33% on cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7. Pensions

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.

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Pixie (Hale) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2024

2.8. Deferred Tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 4)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 September 2023	13,743	26,423	40,166
Disposals	(13,743 )	(26,423 )	(40,166 )

As at 31 August 2024	-	-	-

Depreciation
As at 1 September 2023	13,342	26,377	39,719
Disposals	(13,342 )	(26,377 )	(39,719 )

As at 31 August 2024	-	-	-

Net Book Value
As at 31 August 2024	-	-	-

As at 1 September 2023	401	46	447

5. Stocks

	2024	2023
	£	£
Stock	34,560	32,989

6. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	-	65,791
Other debtors	5,254	24,870

	5,254	90,661

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Pixie (Hale) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	10,658	22,340
Bank loans and overdrafts	9,088	8,864
Other creditors	59,764	70,348
Taxation and social security	90	9,696

	79,600	111,248

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	14,868	23,954

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	-	85

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 September 2023	85	85
Additions	(85 )	(85)

11. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
50 Ordinary A shares of £ 1 each	50	200
50 Ordinary B shares of £ 1 each	50	50

	100	250

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