PRAXIS MEDICAL LTD

Company Registration Number:
10858764 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

PRAXIS MEDICAL LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

PRAXIS MEDICAL LTD

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 56,742 57,191
Investments: 4 9,550 9,550
Total fixed assets: 66,292 66,741
Current assets
Stocks: 8,000 210,000
Debtors: 5 525,732 489,972
Cash at bank and in hand: 1,341,824 1,233,961
Total current assets: 1,875,556 1,933,933
Creditors: amounts falling due within one year:   (194,374) (272,447)
Net current assets (liabilities): 1,681,182 1,661,486
Total assets less current liabilities: 1,747,474 1,728,227
Creditors: amounts falling due after more than one year:   (33,573) (33,573)
Total net assets (liabilities): 1,713,901 1,694,654
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,713,801 1,694,554
Shareholders funds: 1,713,901 1,694,654

The notes form part of these financial statements

PRAXIS MEDICAL LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 April 2025
and signed on behalf of the board by:

Name: HABIB REHMAN
Status: Director

The notes form part of these financial statements

PRAXIS MEDICAL LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PRAXIS MEDICAL LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 5 6

PRAXIS MEDICAL LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 101,245
Additions 24,750
At 31 July 2024 125,995
Depreciation
At 01 August 2023 44,054
Charge for year 25,199
At 31 July 2024 69,253
Net book value
At 31 July 2024 56,742
At 31 July 2023 57,191

PRAXIS MEDICAL LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Fixed investments

Investments are included in the balance sheet at cost less any provision for impairment. The Company assess investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. If such an indication of impairment exists, the Company makes an estimate of the recoverable amount of the investment. If the recoverable amount is less than the value of the investment, the investment is written down to the recoverable amount. An impairment loss is recognised immediately in the profit and loss account. If the impairment is not considered to be a permanent diminution in value it may reverse in a future period to the extent that it is no longer considered necessary.

PRAXIS MEDICAL LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 525,732 489,972