Pyxis Media Ltd - Period Ending 2015-04-30

Registration number: 06870475

Pyxis Media Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

Sandy Lloyd, AIMS Accountants for Business
Chartered Accountant
107 Humber Doucy Lane
Ipswich
Suffolk
IP4 3NU

Pyxis Media Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Pyxis Media Ltd
for the Year Ended 30 April 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pyxis Media Ltd for the year ended 30 April 2015 set out on pages 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Pyxis Media Ltd, as a body, in accordance with the terms of our engagement letterdated 21 September 2009. Our work has been undertaken solely to prepare for your approval the accounts of Pyxis Media Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pyxis Media Ltd and its Board of Directors as a body for our work or for this report.

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

......................................

Sandy Lloyd, AIMS Accountants for Business
Chartered Accountant
107 Humber Doucy Lane
Ipswich
Suffolk
IP4 3NU

31 December 2015

Page 1

Pyxis Media Ltd
(Registration number: 06870475)
Abbreviated Balance Sheet at 30 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					849			932
Current assets
Debtors					1,654			3,671
Cash at bank and in hand					4,883			8,684
					6,537			12,355
Creditors: Amounts falling due within one year					(7,237)			(11,279)
Net current (liabilities)/assets					(700)			1,076
Net assets					149			2,008
Capital and reserves
Called up share capital		3			4			4
Profit and loss account					145			2,004
Shareholders' funds					149			2,008

For the year ending 30 April 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 31 December 2015

.........................................
Mr Kevin Murray
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Pyxis Media Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Pyxis Media Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2014		1,242			1,242
Additions		200			200
At 30 April 2015		1,442			1,442
Depreciation
At 1 May 2014		310			310
Charge for the year		283			283
At 30 April 2015		593			593
Net book value
At 30 April 2015		849			849
At 30 April 2014		932			932

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		4			4			4			4

Page 4