1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 667 667 667 6,052 3,536 2,516 2,805 444 2,065 1,184 1,332 3,247 980 900 63 17 17 980 xbrli:pure xbrli:shares iso4217:GBP 05491092 2023-09-01 2024-08-31 05491092 2024-08-31 05491092 2023-08-31 05491092 2022-09-01 2023-08-31 05491092 2023-08-31 05491092 2022-08-31 05491092 bus:Director1 2023-09-01 2024-08-31 05491092 core:WithinOneYear 2024-08-31 05491092 core:WithinOneYear 2023-08-31 05491092 core:AfterOneYear 2024-08-31 05491092 core:AfterOneYear 2023-08-31 05491092 core:ShareCapital 2024-08-31 05491092 core:ShareCapital 2023-08-31 05491092 core:RetainedEarningsAccumulatedLosses 2024-08-31 05491092 core:RetainedEarningsAccumulatedLosses 2023-08-31 05491092 core:CostValuation core:Non-currentFinancialInstruments 2023-08-31 05491092 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-08-31 05491092 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-08-31 05491092 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 05491092 core:Non-currentFinancialInstruments 2024-08-31 05491092 core:Non-currentFinancialInstruments 2023-08-31 05491092 bus:SmallEntities 2023-09-01 2024-08-31 05491092 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05491092 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05491092 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05491092 bus:FullAccounts 2023-09-01 2024-08-31 05491092 core:OfficeEquipment 2023-09-01 2024-08-31 05491092 core:IntangibleAssetsOtherThanGoodwill 2024-08-31 05491092 core:IntangibleAssetsOtherThanGoodwill 2023-08-31 05491092 core:OfficeEquipment 2023-08-31 05491092 core:OfficeEquipment 2024-08-31
PXH Limited
Unaudited financial statements
31 August 2024
Company Registration Number 05491092
PXH Limited
Financial statements
year ended 31 August 2024
Contents
Pages
Balance sheet
1 to 2
Notes to the financial statements
3 to 6
PXH Limited
Balance sheet
31 August 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
667
667
Tangible assets
6
1,332
3,247
Investments
7
17
980
-------
-------
2,016
4,894
Current assets
Debtors
8
1,000
7,964
Cash at bank and in hand
16,460
19,093
--------
--------
17,460
27,057
Creditors: amounts falling due within one year
9
11,578
20,924
--------
--------
Net current assets
5,882
6,133
-------
--------
Total assets less current liabilities
7,898
11,027
Creditors: amounts falling due after more than one year
10
12,227
14,528
--------
--------
Net liabilities
( 4,329)
( 3,501)
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 4,330)
( 3,502)
-------
-------
Shareholders deficit
( 4,329)
( 3,501)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PXH Limited
Balance sheet (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 20 May 2025 , and are signed on behalf of the board by:
Mr P Hall
Director
Company registration number: 05491092
PXH Limited
Notes to the financial statements
year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 19 The Square, Retford, Nottinghamshire, DN22 6DQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Intangible assets
Intangible asset
£
Cost
At 1 September 2023 and 31 August 2024
667
----
Amortisation
At 1 September 2023 and 31 August 2024
----
Carrying amount
At 31 August 2024
667
----
At 31 August 2023
667
----
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 September 2023
6,052
6,052
Disposals
( 3,536)
( 3,536)
-------
-------
At 31 August 2024
2,516
2,516
-------
-------
Depreciation
At 1 September 2023
2,805
2,805
Charge for the year
444
444
Disposals
( 2,065)
( 2,065)
-------
-------
At 31 August 2024
1,184
1,184
-------
-------
Carrying amount
At 31 August 2024
1,332
1,332
-------
-------
At 31 August 2023
3,247
3,247
-------
-------
7. Investments
Other investments other than loans
£
Cost
At 1 September 2023
980
Disposals
( 900)
Revaluations
( 63)
----
At 31 August 2024
17
----
Impairment
At 1 September 2023 and 31 August 2024
----
Carrying amount
At 31 August 2024
17
----
At 31 August 2023
980
----
8. Debtors
2024
2023
£
£
Trade debtors
1,000
2,100
Other debtors
5,864
-------
-------
1,000
7,964
-------
-------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,246
2,191
Trade creditors
719
1,215
Corporation tax
3,565
Social security and other taxes
425
Other creditors
8,613
13,528
--------
--------
11,578
20,924
--------
--------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
12,227
14,528
--------
--------
11. Related party transactions
The company was under the control of Mr P Hall throughout the current and previous year. Mr P Hall is the managing director and majority shareholder.