Companies House iXbrl

PRAXINOMICS LIMITED - Company Information

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Registered number: 07845095

Praxinomics Limited

Unaudited Financial Statements

for the year ended 30 November 2020

Statement of Financial Position

as at 30 November 2020

2020

2019

Called up share capital not paid

Fixed assets

226

464

Current assets

3,473

25,663

Prepayments and accrued income

Creditors: amounts falling due within one year

( 3,677 )

( 9,106 )

Net current assets (liabilities)

( 204 )

16,557

Total assets less current liabilities

17,021

Creditors: amounts falling due after more than one year

Provisions for liabilities

Accruals and deferred income

Net assets

17,021

Capital and reserves

17,021

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Footnotes to the Statement of Financial Position

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 1.

3. Directors’ benefits: advances, credit and guarantees

John Salisbury

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £1,465 by John Salisbury, a director of the company, on 01/12/2019.

During the accounting year the maximum amount repayable to John Salisbury was £12,392

The following conditions are attached to amount payable to John Salisbury:

There is no interest due to be paid on any outstanding amount
No fixed date has been set for the amount to be repaid by the company.

Opening balance 01/12/2019	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 30/11/2020
£	£	£	£	£	£	£
208	( 14,208 ) ( 14,208 )	15,465 15,465	0	0	0	1,465

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 30/11/2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and the preparation of accounts