REGISTERED NUMBER: 11010770 (England and Wales)

PRAXIS CONSULTING AND ADVISORY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Myers

SECRETARY:

REGISTERED OFFICE:

The Bridge House

Mill Lane

Dronfield

Derbyshire

S18 2XL

REGISTERED NUMBER:

11010770 (England and Wales)

ACCOUNTANTS:

Ian R Collins & Co

The Bridge House

Mill Lane

Dronfield

Derbyshire

S18 2XL

CURRENT ASSETS

Debtors

4

28

-

Cash at bank

13,036

1,310

13,064

1,310

CREDITORS

Amounts falling due within one year

5

(13,097

)

(9,067

)

NET CURRENT LIABILITIES

(33

)

(7,757

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(33

)

(7,757

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(133

)

(7,857

)

(33

)

(7,757

)

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

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

The financial statements were approved by the director and authorised for issue on 14th July 2026 and were signed by:

S J Myers - Director

1.	STATUTORY INFORMATION

Praxis Consulting and Advisory 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

28

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

(2

)

1

Taxation and social security

1,467

1,467

Other creditors

11,632

7,599

13,097

9,067

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2025 and 31st October 2024:

2025

2024

£

£

S J Myers

Balance outstanding at start of year

-

5,164

Amounts repaid

-

(5,164

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

7.	RELATED PARTY TRANSACTIONS

Included within creditors falling due within one year is an amount of (£8,511) (2024: (£5,260) owed to the director and shareholder. This loan is unsecured, interest-free, and has no fixed date of repayment.

8.	GOING CONCERN

The company's balance sheet shows net current liabilities and an overdrawn position at the reporting date.

The directors have prepared these financial statements on a going concern basis, which assumes the company will continue to operate for the foreseeable future.This assumption is entirely dependent on the director and shareholder continuing to provide financial support by way of the director's loan account (£8,511) owed to them by the company.

The director has indicated their intention to leave the loan outstanding for at least 12 months from the date of approval of these financial statements and further to not seek repayment to the detriment of the company.

Based on this ongoing support, the directors consider it appropriate to prepare the financial statements on a going concern basis.