Pixie (Hale) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07226502 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

Pixie (Hale) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

G E C Kenwrick

P M Franks

REGISTERED OFFICE:

Unit 3, Building 2

The Colony Wilmslow

Altrincham Road

Wilmslow

SK9 4LY

REGISTERED NUMBER:

07226502 (England and Wales)

ACCOUNTANTS:

Ascendis

Chartered Certified Accountants & Business Advisor

Unit 3, Building 2

The Colony Wilmslow

Altrincham Road

Wilmslow

Cheshire

SK9 4LY

FIXED ASSETS

Tangible assets

4

2,397

5,294

CURRENT ASSETS

Stocks

5

54,623

47,826

Debtors

6

64,902

10,416

Cash at bank and in hand

3,990

24,107

123,515

82,349

CREDITORS

Amounts falling due within one year

7

(126,744

)

(86,351

)

NET CURRENT LIABILITIES

(3,229

)

(4,002

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(832

)

1,292

PROVISIONS FOR LIABILITIES

8

(407

)

(900

)

NET (LIABILITIES)/ASSETS

(1,239

)

392

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(1,339

)

292

SHAREHOLDERS' FUNDS

(1,239

)

392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 26 September 2019 and were signed on its behalf by:

P M Franks - Director

G E C Kenwrick - Director

1.	STATUTORY INFORMATION

Pixie (Hale) 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.

The company's principle place of trading is 24 Spring Road, Hale, Cheshire, WA14 2UQ.

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.

The accounts have been prepared on a going concern basis. This assumption may not be valid since at the

balance sheet date the company has net liabilities of £1,239. The validity of the going concern assumption

therefore depends on the continued support of the directors, suppliers and the company's bankers and other

providers of finance.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer and office equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

Fixtures

and

and

office

fittings

equipment

Totals

£

£

£

COST

At 1 September 2017

13,743

25,158

38,901

Additions

-

66

66

At 31 August 2018

13,743

25,224

38,967

DEPRECIATION

At 1 September 2017

11,490

22,117

33,607

Charge for year

563

2,400

2,963

At 31 August 2018

12,053

24,517

36,570

NET BOOK VALUE

At 31 August 2018

1,690

707

2,397

At 31 August 2017

2,253

3,041

5,294

5.

STOCKS

2018

2017

£

£

Stocks

54,623

47,826

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by related undertakings

55,127

-

Prepayments

9,775

10,416

64,902

10,416

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

33,129

17,270

Tax

3,853

3,591

Social security and other taxes

215

113

VAT

378

746

Other creditors

2,644

1,169

Directors' current accounts

86,092

57,923

Accruals and deferred income

433

5,539

126,744

86,351

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

407

900

Deferred

tax

£

Balance at 1 September 2017

900

Provided during year

(493

)

Balance at 31 August 2018

407

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Pixie (Hale) Limited for the year ended 31 August 2018 which comprise the Income Statement,

Other Comprehensive Income, Balance Sheet, 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://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Pixie (Hale) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pixie (Hale) Limited and state those matters that we have agreed to state to the Board of Directors of Pixie (Hale) 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pixie (Hale) Limited 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 Pixie (Hale) Limited. You consider that Pixie (Hale) 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 financial statements of Pixie (Hale) 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 financial statements.

Ascendis

Chartered Certified Accountants & Business Advisor

Unit 3, Building 2

The Colony Wilmslow

Altrincham Road

Wilmslow

Cheshire

SK9 4LY

26 September 2019