PCFX LIMITED

PCFX LIMITED

PCFX LIMITED - Company Information

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30 July 2021 false No description of principal activity Taxfiler 2023.4 05865036business:PrivateLimitedCompanyLtd2021-07-302022-07-28 058650362021-07-29 058650362021-07-302022-07-28 05865036business:AuditExemptWithAccountantsReport2021-07-302022-07-28 05865036business:FullAccounts2021-07-302022-07-28 058650362022-07-28 05865036business:Director12021-07-302022-07-28 058650362021-07-29 05865036core:WithinOneYear2022-07-28 05865036core:WithinOneYear2021-07-29 05865036core:AfterOneYear2022-07-28 05865036core:AfterOneYear2021-07-29 05865036core:RetainedEarningsAccumulatedLosses2022-07-28 05865036core:RetainedEarningsAccumulatedLosses2021-07-29 05865036business:SmallEntities2021-07-302022-07-28 05865036countries:EnglandWales2021-07-302022-07-28 05865036core:Goodwill2021-07-29 05865036core:Goodwill2022-07-28 05865036core:FurnitureFittings2021-07-29 05865036core:FurnitureFittings2022-07-28 05865036core:FurnitureFittings2021-07-302022-07-28 058650362020-07-302021-07-29 iso4217:GBP xbrli:pure
Company Registration No. 05865036 (England and Wales)
PCFX LIMITED Unaudited accounts for the period from 30 July 2021 to 28 July 2022
PCFX LIMITED Unaudited accounts Contents
Page
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PCFX LIMITED Company Information for the period from 30 July 2021 to 28 July 2022
Director
Mr M A Khan
Company Number
05865036 (England and Wales)
Accountants
AK ACCOUNTANTS 562-564 MANCHESTER ROAD BRADFORD WEST YORKSHIRE BD5 7LR
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PCFX LIMITED Accountants' report
Accountants' report to the director of PCFX LIMITED on the preparation of the unaudited statutory accounts for the period from 30 July 2021 to 28 July 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PCFX LIMITED for the period from 30 July 2021 to 28 July 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of PCFX LIMITED, as a body, in accordance with the terms of our engagement letter dated 31 October 2018. Our work has been undertaken solely to prepare for your approval the accounts of PCFX LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PCFX LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PCFX LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PCFX LIMITED. You consider that PCFX LIMITED is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of PCFX 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 accounts.
AK ACCOUNTANTS 562-564 MANCHESTER ROAD BRADFORD WEST YORKSHIRE BD5 7LR 20 February 2023
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PCFX LIMITED Statement of financial position as at 28 July 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,410 
1,410 
Tangible assets
5
4,407 
5,185 
5,817 
6,595 
Current assets
Inventories
275,756 
222,230 
Debtors
6
2,304 
- 
Cash at bank and in hand
65,937 
79,115 
343,997 
301,345 
Creditors: amounts falling due within one year
7
(205,907)
(174,304)
Net current assets
138,090 
127,041 
Total assets less current liabilities
143,907 
133,636 
Creditors: amounts falling due after more than one year
8
(60,000)
(60,000)
Net assets
83,907 
73,636 
Capital and reserves
Profit and loss account
83,907 
73,636 
Shareholders' funds
83,907 
73,636 
For the period ending 28 July 2022 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2023 and were signed on its behalf by
Mr M A Khan Director Company Registration No. 05865036
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PCFX LIMITED Notes to the Accounts for the period from 30 July 2021 to 28 July 2022
1
Statutory information
PCFX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05865036.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 30 July 2021
1,410 
At 28 July 2022
1,410 
Amortisation
At 30 July 2021
- 
At 28 July 2022
- 
Net book value
At 28 July 2022
1,410 
At 29 July 2021
1,410 
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PCFX LIMITED Notes to the Accounts for the period from 30 July 2021 to 28 July 2022
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 30 July 2021
9,870 
At 28 July 2022
9,870 
Depreciation
At 30 July 2021
4,685 
Charge for the period
778 
At 28 July 2022
5,463 
Net book value
At 28 July 2022
4,407 
At 29 July 2021
5,185 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
2,304 
- 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
50,000 
50,000 
VAT
- 
5,029 
Trade creditors
26,000 
25,158 
Taxes and social security
14,622 
10,389 
Loans from directors
111,285 
79,728 
Accruals
4,000 
4,000 
205,907 
174,304 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Other creditors
60,000 
60,000 
9
Average number of employees
During the period the average number of employees was 0 (2021: 0).
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