PXC Ltd 31/08/2025 iXBRL

Company registration number: 14865045

PXC Ltd

Unaudited filleted financial statements

31 August 2025

PXC Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

PXC Ltd

Directors and other information


	Directors	Mr S Phillips
		Mr C Phillips
		Mr R Walker


	Company number	14865045


	Registered office	Hare Street
		Buntingford
		Hertfordshire
		SG8 0EA


	Accountants	Hicks and Company
		Chartered Accountants
		First Floor
		99 Bancroft
		Hitchin
		Hertfordshire
		SG5 1NQ




	Bankers	Natwest
		7 North Street
		Bishop's Stortford
		Hertfordshire
		CM23 2LE

PXC Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of PXC Ltd

Year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PXC Ltd for the year ended 31 August 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of PXC Ltd, as a body, in accordance with the terms of our engagement letter dated 9 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of PXC Ltd and state those matters that we have agreed to state to the board of directors of PXC Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PXC Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that PXC Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of PXC Ltd. You consider that PXC Ltd 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 financial statements of PXC Ltd. 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 financial statements.

Hicks and Company

Chartered Accountants

First Floor

99 Bancroft

Hitchin

Hertfordshire

SG5 1NQ

7 August 2026

PXC Ltd

Statement of financial position

31 August 2025

		31/08/25		31/08/24
	Note	£	£	£	£

Fixed assets
Intangible assets	4	19,467		24,333
		_______		_______
			19,467		24,333

Current assets
Debtors	5	181		-
Cash at bank and in hand		3,461		846
		_______		_______
		3,642		846
Creditors: amounts falling due
within one year	6	( 159,249)		( 117,318)
		_______		_______
Net current liabilities			( 155,607)		( 116,472)
			_______		_______
Total assets less current liabilities			( 136,140)		( 92,139)

			_______		_______
Net liabilities			( 136,140)		( 92,139)
			_______		_______

Capital and reserves
Called up share capital			100		1
Profit and loss account			( 136,240)		( 92,140)
			_______		_______
Shareholders deficit			( 136,140)		( 92,139)
			_______		_______

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.

Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 07 August 2026 , and are signed on behalf of the board by:

Mr S Phillips

Director

Company registration number: 14865045

PXC Ltd

Statement of changes in equity

Year ended 31 August 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 12 May 2023	-	-	-

Loss for the year		( 92,140)	( 92,140)
	_______	_______	_______
Total comprehensive income for the year	-	( 92,140)	( 92,140)

Issue of shares	1		1
	_______	_______	_______
Total investments by and distributions to owners	1	-	1

	_______	_______	_______
At 31 August 2024 and 1 September 2024	1	( 92,140)	( 92,139)

Loss for the year		( 44,100)	( 44,100)
	_______	_______	_______
Total comprehensive income for the year	-	( 44,100)	( 44,100)

Issue of shares	99		99
	_______	_______	_______
Total investments by and distributions to owners	99	-	99

	_______	_______	_______
At 31 August 2025	100	( 136,240)	( 136,140)
	_______	_______	_______

PXC Ltd

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 and Wales. The address of the registered office is M J Warner, Hare Street, Buntingford, Hertfordshire, SG8 0EA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued support of the company's bank and directors.

Judgements and key sources of estimation uncertainty

Turnover

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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 a revalued amount, 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.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


App development	-	20 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Impairment

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. 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 are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Intangible assets

	App development	Total
	£	£
Cost
At 1 September 2024 and 31 August 2025	24,333	24,333
	_______	_______
Amortisation
At 1 September 2024	-	-
Charge for the year	4,866	4,866
	_______	_______
At 31 August 2025	4,866	4,866
	_______	_______
Carrying amount
At 31 August 2025	19,467	19,467
	_______	_______
At 31 August 2024	24,333	24,333
	_______	_______

5. Debtors

	31/08/25	31/08/24
	£	£
Other debtors	181	-
	_______	_______

6. Creditors: amounts falling due within one year

	31/08/25	31/08/24
	£	£
Trade creditors	957	-
Social security and other taxes	829	-
Other creditors	157,463	117,318
	_______	_______
	159,249	117,318
	_______	_______

7. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

Year ended 31/08/25
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Amounts written off	Balance o/standing
		£	£	£	£	£
	Mr S Phillips	-	( 14,966)	3,240	-	( 11,726)
	Mr C Phillips	( 14,836)	( 9,474)	6,858	-	( 17,452)
	Mr R Walker	( 2,988)	( 14,677)	4,239	13,426	-
		_______	_______	_______	_______	_______
		( 17,824)	( 39,117)	14,337	13,426	( 29,178)
		_______	_______	_______	_______	_______

Period ended 31/08/24
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Amounts written off	Balance o/standing
		£	£	£	£	£
	Mr S Phillips	-	-	-	-	-
	Mr C Phillips	-	( 14,836)	-	-	( 14,836)
	Mr R Walker	-	( 2,988)	-	-	( 2,988)
		_______	_______	_______	_______	_______
		-	( 17,824)	-	-	( 17,824)
		_______	_______	_______	_______	_______

8. Related party transactions

Included in other creditors is the following loan from a company in which certain directors have an interest: SDP (Newmarket Bodyworks) Limited £ 118,265 (2024 £ 97,875 ) The above loan is unsecured, interest free and repayable on demand.