REGISTERED NUMBER: 06860758 (England and Wales)

PXL FM Limited

Unaudited Financial Statements

for the Year Ended 30 November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Bunting

REGISTERED OFFICE:

Unit H2

County Farm Rands Road

High Roding

Dunmow

Essex

CM6 1NQ

REGISTERED NUMBER:

06860758 (England and Wales)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Bank of Scotland plc

Grangemouth (R)

P O Box 17235

Edinburgh

EH11 1YH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,478

3,246

11,478

3,246

CURRENT ASSETS

Stocks

20,000

-

Debtors

6

80,420

137,758

Cash at bank

45,261

78,353

145,681

216,111

CREDITORS

Amounts falling due within one year

7

124,903

165,659

NET CURRENT ASSETS

20,778

50,452

TOTAL ASSETS LESS CURRENT LIABILITIES

32,256

53,698

CREDITORS

Amounts falling due after more than one year

8

(30,655

)

-

PROVISIONS FOR LIABILITIES

(436

)

(395

)

NET ASSETS

1,165

53,303

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,065

53,203

SHAREHOLDERS' FUNDS

1,165

53,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 21 August 2026 and were signed by:

J Bunting - Director

1.	STATUTORY INFORMATION

PXL FM 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 and revenue recognition

Turnover represents net invoiced sales of property management services. Revenue is recognised when the services are supplied to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provision for liability

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 December 2024

and 30 November 2025

40,000

3,539

43,539

AMORTISATION

At 1 December 2024

and 30 November 2025

40,000

3,539

43,539

NET BOOK VALUE

At 30 November 2025

-

-

-

At 30 November 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

65,198

Additions

10,646

At 30 November 2025

75,844

DEPRECIATION

At 1 December 2024

61,952

Charge for year

2,414

At 30 November 2025

64,366

NET BOOK VALUE

At 30 November 2025

11,478

At 30 November 2024

3,246

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

62,250

113,644

Other debtors

18,170

24,114

80,420

137,758

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

15,269

-

Trade creditors

78,374

139,585

Taxation and social security

23,964

22,121

Other creditors

7,296

3,953

124,903

165,659

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

15,269

-

Other creditors

15,386

-

30,655

-

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

12,782

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

J Bunting

Balance outstanding at start of year

8,257

(1,594

)

Amounts advanced

8,720

25,881

Amounts repaid

(17,300

)

(16,030

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(323

)

8,257

S Bunting

Balance outstanding at start of year

12,750

24,258

Amounts advanced

3,548

17,392

Amounts repaid

(17,000

)

(28,900

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(702

)

12,750

S Kemp

Balance outstanding at start of year

573

1,823

Amounts advanced

-

125

Amounts repaid

(573

)

(1,375

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

573

We confirm that the above balances are due from PXL FM Limited to the directors as at 30 November 2025. The balances are unsecured and repayable on demand. Interest is charged on the overdrawn loans at 2.25% per annum up to 5 April 2025 and at 3.75% per annum thereafter.