PXH Limited Filleted accounts for Companies House (small and micro)

PXH Limited

Unaudited financial statements

31 August 2025

Company Registration Number 05491092

PXH Limited

Financial statements

year ended 31 August 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 6

PXH Limited

Balance sheet

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	667	667
Tangible assets	6	2,053	1,332
Investments	7	17	17
		-------	-------
		2,737	2,016

Current assets

Debtors	8	–	1,000
Cash at bank and in hand		10,475	16,460
		--------	--------
		10,475	17,460

Creditors: amounts falling due within one year	9	15,272	11,578
		--------	--------
Net current (liabilities)/assets		( 4,797)	5,882
		-------	-------
Total assets less current liabilities		( 2,060)	7,898

Creditors: amounts falling due after more than one year	10	9,869	12,227
		--------	--------
Net liabilities		( 11,929)	( 4,329)
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 11,930)	( 4,330)
	--------	-------
Shareholders deficit	( 11,929)	( 4,329)
	--------	-------

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 2025 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 2025

These financial statements were approved by the board of directors and authorised for issue on 18 May 2026 , 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 2025

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:

Fixtures & Fittings	-	15% reducing balance
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 (2024: 1 ).

5. Intangible assets

	Intangible asset
	£

Cost
At 1 September 2024 and 31 August 2025	667
	----
Amortisation
At 1 September 2024 and 31 August 2025	–
	----
Carrying amount
At 31 August 2025	667
	----
At 31 August 2024	667
	----

6. Tangible assets

Fixtures and fittings	Equipment	Total
£	£	£

Cost
At 1 September 2024	–	2,516	2,516
Additions	1,081	180	1,261
	-------	-------	-------
At 31 August 2025	1,081	2,696	3,777
	-------	-------	-------
Depreciation
At 1 September 2024	–	1,184	1,184
Charge for the year	162	378	540
	-------	-------	-------
At 31 August 2025	162	1,562	1,724
	-------	-------	-------
Carrying amount
At 31 August 2025	919	1,134	2,053
	-------	-------	-------
At 31 August 2024	–	1,332	1,332
	-------	-------	-------

7. Investments

	Other investments other than loans
	£

Cost
At 1 September 2024 and 31 August 2025	17
	----
Impairment
At 1 September 2024 and 31 August 2025	–
	----

Carrying amount
At 31 August 2025	17
	----
At 31 August 2024	17
	----

8. Debtors

	2025	2024
	£	£

Trade debtors	–	1,000
	----	-------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£

Bank loans and overdrafts	2,302	2,246
Trade creditors	76	719
Other creditors	12,894	8,613
	--------	--------
	15,272	11,578
	--------	--------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£

Bank loans and overdrafts	9,869	12,227
	-------	--------

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.