REGISTERED NUMBER: 11760015 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Syx Art Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S G Harding

REGISTERED OFFICE:

286 Iffley Road

Oxford

Oxfordshire

OX4 4AA

REGISTERED NUMBER:

11760015 (England and Wales)

ACCOUNTANTS:

Chapman Robinson and Moore Limited

30 Bankside Court

Stationfields

Kidlington

Oxford

OX5 1JE

FIXED ASSETS

Tangible assets

4

6,670

7,373

Investments

5

10,000

-

16,670

7,373

CURRENT ASSETS

Debtors

6

27,961

405

Cash at bank

219,640

239,921

247,601

240,326

CREDITORS

Amounts falling due within one year

7

(61,605

)

(98,696

)

NET CURRENT ASSETS

185,996

141,630

TOTAL ASSETS LESS CURRENT LIABILITIES

202,666

149,003

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

202,665

149,002

202,666

149,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2025 and were signed by:

S G Harding - Director

1.	STATUTORY INFORMATION

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

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.

Plant and machinery etc

-

25% on cost

Currently no depreciation charged on the artwork included within fixed assets as the directors consider there was no decrease in value in the period.

Taxation

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

Current 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.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

11,888

DEPRECIATION

At 1 February 2024

4,515

Charge for year

703

At 31 January 2025

5,218

NET BOOK VALUE

At 31 January 2025

6,670

At 31 January 2024

7,373

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

10,000

At 31 January 2025

10,000

NET BOOK VALUE

At 31 January 2025

10,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade debtors

27,961

405

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade creditors

5,260

97

Taxation and social security

44,785

39,868

Other creditors

11,560

58,731

61,605

98,696