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Registered Number: 11338922
England and Wales

 

 

 

PRAECIS DX LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director Kevin Slater
Registered Number 11338922
Registered Office Gallon House
47 Kirkgate
Knaresborough
HG5 8BZ
Accountants Best Accountancy Services Ltd
Harrogate Business Centre, Hammerain House
Hookstone Avenue
Harrogate
North Yorkshire
HG2 8ER
1
Report to the directors on the preparation of the unaudited statutory accounts of Praecis DX Limited for the year ended 31 May 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Praecis DX Limited for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of Praecis DX Limited, as a body, in accordance with the terms of our engagement letter dated 13 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of Praecis DX Limited and state those matters that we have agreed to state to the Board of Directors of Praecis DX Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Praecis DX Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Praecis DX Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Praecis DX Limited. You consider that Praecis DX Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Praecis DX Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 May 2024.



....................................................
Best Accountancy Services Ltd
Harrogate Business Centre, Hammerain House
Hookstone Avenue
Harrogate
North Yorkshire
HG2 8ER
22 June 2026
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 23,871    12,625 
23,871    12,625 
Current assets      
Debtors 4 19,751    267 
Cash at bank and in hand (19,304)   (19,895)
447    (19,628)
Creditors: amount falling due within one year 5 (104,596)   (49,193)
Net current assets (104,149)   (68,821)
 
Total assets less current liabilities (80,278)   (56,196)
Creditors: amount falling due after more than one year 6 (13,095)   (14,962)
Net assets (93,373)   (71,158)
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Share Premium Account 7 134,790    109,790 
Profit and loss account (229,163)   (181,948)
Shareholders' funds (93,373)   (71,158)
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 22 June 2026 and were signed by:


-------------------------------
Kevin Slater
Director
3
General Information
Praecis DX Limited is a private company, limited by shares, registered in England and Wales, registration number 11338922, registration address Gallon House, 47 Kirkgate, Knaresborough, HG5 8BZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 June 2023 16,082    265    16,347 
Additions 15,379    637    16,016 
Disposals    
At 31 May 2024 31,461    902    32,363 
Depreciation
At 01 June 2023 3,661    61    3,722 
Charge for year 4,640    130    4,770 
On disposals    
At 31 May 2024 8,301    191    8,492 
Net book values
Closing balance as at 31 May 2024 23,160    711    23,871 
Opening balance as at 01 June 2023 12,421    204    12,625 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 19,751    267 
19,751    267 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 20,467    11,138 
Bank Loans & Overdrafts 4,500    4,884 
Taxation and Social Security 5,693    16,318 
Other Creditors 73,936    16,853 
104,596    49,193 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 13,095    14,962 
13,095    14,962 

7.

Share Premium Account

2024
£
  2023
£
Equity Share Premium b/fwd 109,790    69,860 
Equity Share Premium - New Issue 25,000    39,930 
134,790    109,790 

8.

Advances and Credits



Kevin Slater
During the year ended 31st May 2024, an additional loan of £6,899 was made from the Director to the Company, and £9,921 (comprising of the new loan and the previous loan owing to the Director) was repaid to the Director.

Current year (2024)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Kevin Slater3,153 6,899 9,921 131 
3,153 6,899 9,921 131 
Previous year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Kevin Slater3,146 3,153 
3,146 3,153 
4