REGISTERED NUMBER: 11030746 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Stix Internet Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R L Williams

T M Armitage

REGISTERED OFFICE:

Permanent House

1 Dundas Street

Huddersfield

HD1 2EX

REGISTERED NUMBER:

11030746 (England and Wales)

FIXED ASSETS

Intangible assets

4

6,720

7,840

Tangible assets

5

147,349

177,881

154,069

185,721

CURRENT ASSETS

Stocks

3,771

3,219

Debtors

6

4,817

5,846

Cash at bank

5,983

11,836

14,571

20,901

CREDITORS

Amounts falling due within one year

7

97,236

79,737

NET CURRENT LIABILITIES

(82,665

)

(58,836

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,404

126,885

CREDITORS

Amounts falling due after more than one year

8

(10,599

)

(43,982

)

PROVISIONS FOR LIABILITIES

(38,517

)

(33,495

)

NET ASSETS

22,288

49,408

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

22,286

49,406

SHAREHOLDERS' FUNDS

22,288

49,408

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st March 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 Income Statement has not been delivered.

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

T M Armitage - Director

R L Williams - Director

1.	STATUTORY INFORMATION

Stix Internet Limited 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.

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.

Revenue is derived from services performed subject to specific agreements. Revenue is recognised when the service is performed, in accordance with the terms of the contractual arrangement. Revenue comprises fees earned in respect of amounts invoiced.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following are satisfied:

-

The amount of revenue can be measured reliably;

-

It is probable the company will receive consideration due under the contract;

-

The stage of completion of the contract can be measured reliably at the reporting period end; and

-

The costs incurred in respect of the contract can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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.

Network costs

-

4% Straight Line Basis and 8 years straight line

Plant and machinery

-

20% Straight Line Basis

Fixtures and fittings

-

15% on Reducing Balance

Motor vehicles

-

25% on Reducing Balance

Computer equipment

-

33.3% Straight Line Basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements if financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

Taxation

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

Going concern

The financial statements have been prepared on a going concern basis. Having carried out a detailed review of the company's resources and the challenges presented by the current economic climate, the directors are satisfied that the company has sufficient cash flows to meet its liabilities as they fall due fr at least one year from the date of approval of the financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2024

and 31st March 2025

11,200

AMORTISATION

At 1st April 2024

3,360

Charge for year

1,120

At 31st March 2025

4,480

NET BOOK VALUE

At 31st March 2025

6,720

At 31st March 2024

7,840

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

312,659

DEPRECIATION

At 1st April 2024

134,778

Charge for year

30,532

At 31st March 2025

165,310

NET BOOK VALUE

At 31st March 2025

147,349

At 31st March 2024

177,881

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

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

22,350

DEPRECIATION

At 1st April 2024

9,778

Charge for year

2,357

Reclassification/transfer

3,143

At 31st March 2025

15,278

NET BOOK VALUE

At 31st March 2025

7,072

At 31st March 2024

12,572

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,920

3,546

Other debtors

2,897

2,300

4,817

5,846

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

2,129

2,129

Hire purchase contracts (see note 9)

4,000

4,000

Trade creditors

7,261

19,127

Taxation and social security

18,786

5,582

Other creditors

65,060

48,899

97,236

79,737

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

8,872

11,001

Hire purchase contracts (see note 9)

1,727

5,727

Other creditors

-

27,254

10,599

43,982

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years by instalments

356

2,485

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Gross obligations repayable:

Within one year

5,061

5,061

Between one and five years

2,169

7,230

7,230

12,291

Finance charges repayable:

Within one year

1,061

1,061

Between one and five years

442

1,503

1,503

2,564

Net obligations repayable:

Within one year

4,000

4,000

Between one and five years

1,727

5,727

5,727

9,727

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

5,727

9,727

The amounts secured under hire purchase agreements are secured on the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

2

2

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the company directors.