REGISTERED NUMBER: SC563816 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Pnxray Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr Piotr M Nowak

Dr Magdalena Nowak

REGISTERED OFFICE:

25 Sandyford Place

Glasgow

G3 7NG

REGISTERED NUMBER:

SC563816 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

111,291

60,979

CURRENT ASSETS

Debtors

5

5,446

9,385

Cash at bank

119,715

180,120

125,161

189,505

CREDITORS

Amounts falling due within one year

6

12,049

16,417

NET CURRENT ASSETS

113,112

173,088

TOTAL ASSETS LESS CURRENT LIABILITIES

224,403

234,067

CREDITORS

Amounts falling due after more than one year

7

(63,480

)

(71,579

)

PROVISIONS FOR LIABILITIES

8

(21,145

)

(11,586

)

NET ASSETS

139,778

150,902

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

139,678

150,802

SHAREHOLDERS' FUNDS

139,778

150,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

Dr Piotr M Nowak - Director

1.	STATUTORY INFORMATION

Pnxray Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fittings and equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fittings

and

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2024

8,253

101,666

5,549

115,468

Additions

-

86,313

1,296

87,609

At 30 April 2025

8,253

187,979

6,845

203,077

DEPRECIATION

At 1 May 2024

3,864

44,479

6,146

54,489

Charge for year

501

35,875

921

37,297

At 30 April 2025

4,365

80,354

7,067

91,786

NET BOOK VALUE

At 30 April 2025

3,888

107,625

(222

)

111,291

At 30 April 2024

4,389

57,187

(597

)

60,979

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 May 2024

and 30 April 2025

101,666

DEPRECIATION

At 1 May 2024

44,479

Charge for year

14,297

At 30 April 2025

58,776

NET BOOK VALUE

At 30 April 2025

42,890

At 30 April 2024

57,187

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,902

8,515

Other debtors

1,544

870

5,446

9,385

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

8,100

8,100

Taxation and social security

77

3,538

Other creditors

3,872

4,779

12,049

16,417

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

63,480

71,579

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

21,145

11,586

Deferred

tax

£

Balance at 1 May 2024

11,586

Provided during year

9,559

Balance at 30 April 2025

21,145

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

A Ordinary

£1

50

50

50

B Ordinary

£1

50

50

100

100

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr Piotr M Nowak.