1 April 2024 false No description of principal activity Taxfiler 2024.6 13182470business:PrivateLimitedCompanyLtd2024-04-012025-03-31 131824702024-03-31 131824702024-04-012025-03-31 13182470business:AuditExemptWithAccountantsReport2024-04-012025-03-31 13182470business:FilletedAccounts2024-04-012025-03-31 131824702025-03-31 13182470business:Director12024-04-012025-03-31 13182470business:Director22024-04-012025-03-31 13182470business:Director32024-04-012025-03-31 13182470business:RegisteredOffice2024-04-012025-03-31 131824702024-03-31 13182470core:WithinOneYear2025-03-31 13182470core:WithinOneYear2024-03-31 13182470core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 13182470core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 13182470core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 13182470core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 13182470core:PreviouslyStatedAmount2025-03-31 13182470core:PreviouslyStatedAmount2024-03-31 13182470business:SmallEntities2024-04-012025-03-31 13182470countries:EnglandWales2024-04-012025-03-31 13182470core:WithinOneYear2024-04-012025-03-31 131824702023-04-012024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13182470 (England and Wales)
Praxis Makes Perfect Limited Unaudited accounts for the year ended 31 March 2025
Praxis Makes Perfect Limited Unaudited accounts Contents
Page
- 2 -
Praxis Makes Perfect Limited Company Information for the year ended 31 March 2025
Directors
M Gravell L Gravell C Gravell
Company Number
13182470 (England and Wales)
Registered Office
10 Kingfisher Drive Hemel Hempstead HP3 9DD
- 3 -
Praxis Makes Perfect Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Current assets
Debtors
22,706 
27,021 
Cash at bank and in hand
22,777 
74,961 
45,483 
101,982 
Creditors: amounts falling due within one year
(13,372)
(99,097)
Net current assets
32,111 
2,885 
Net assets
32,111 
2,885 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
32,108 
2,882 
Shareholders' funds
32,111 
2,885 
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by
M Gravell Director Company Registration No. 13182470
- 4 -
Praxis Makes Perfect Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Praxis Makes Perfect Limited is a private company, limited by shares, registered in England and Wales, registration number 13182470. The registered office is 10 Kingfisher Drive, Hemel Hempstead, HP3 9DD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,589 
12,301 
Deferred tax asset
8,768 
Other debtors
7,117 
5,952 
22,706 
27,021 
- 5 -
Praxis Makes Perfect Limited Notes to the Accounts for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
6,653 
17,950 
Other creditors
4,935 
39,624 
Accruals
1,784 
41,523 
13,372 
99,097 
Included in other creditors are directors' loans of £4,935 (2024: £2,811) for which no repayment or interest terms have been set.
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -