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PYTHONIX SYSTEMS LIMITED - Company Information

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Pythonix Systems Limited

Registered Number:06979022

For the year ended 31 August 2017

England and Wales

Report of the Director and Unaudited Financial Statements

For the year ended 31 August 2017

Pythonix Systems Limited

Contents Page

Company Information

Mr Stacey Rees Farrelly

Director

06979022

Registered Number

6 Filston Road

Registered Office

Erith

Kent

DA8 1QA

Ian Farrelly

Farrelly and Co accounts Ltd

Accountants

Farrelly and Co Accounts Ltd

5 The Base

Victoria Road

Dartford

Kent

DA1 5FS

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For the year ended 31 August 2017

Pythonix Systems Limited

Director's Report

The director presents his report and financial statements for the year ended 31 August 2017.

Principal activities

The principal activity of the company continued to be that of

Director

The director who served the company throughout the year was as follows:

Mr Stacey Rees Farrelly

Signed on behalf of the board of directors

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Date:

30 May 2018

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For the year ended 31 August 2017

Pythonix Systems Limited

Independent Accountants' Report

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements

for the year ended 31 August 2017 and you consider that the company is exempt from an audit under the Companies

Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to

assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations

supplied to us.

Farrelly and Co Accounts Ltd

Farrelly and Co accounts Ltd

Ian Farrelly

5 The Base

Victoria Road

Dartford

Kent

DA1 5FS

Date:

30 May 2018

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For the year ended 31 August 2017

Pythonix Systems Limited

Income Statement

2016

2017

Turnover

5,128

30,210

(11,559)

Cost of sales

(9,821)

18,651

Gross loss

(4,693)

Distribution costs

(466)

(404)

Administrative expenses

(3,184)

(8,109)

(3,650)

(8,513)

Operating loss

(8,343)

10,138

Interest payable and similar charges

(156)

(8,343)

9,982

Loss before taxation

(365)

Taxation

(8,343)

Loss for the financial year

9,617

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For the year ended 31 August 2017

Pythonix Systems Limited

Other Comprehensive Income

2017

2016

(8,343)

9,617

Profit/Loss for the financial year

Total comprehensive income since last annual report

(8,343)

9,617

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As at 31 August 2017

Pythonix Systems Limited

Statement of Financial Position

Registered Number :

06979022

2016

2017

Notes

Fixed assets

Property, plant and equipment

1,245

1,661

1,245

1,661

Current assets

990

Cash and cash equivalents

990

Trade and other payables: amounts falling due within one

year

(2,681)

(9,668)

(1,691)

(9,618)

Net current liabilities

Total assets less current liabilities

(8,373)

(30)

(8,373)

Net liabilities

(30)

Capital and reserves

Called up share capital

Retained earnings

(8,374)

(31)

(8,373)

(30)

Shareholders' funds

For the year ended 31 August 2017 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 of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Mr Stacey Rees Farrelly

These financial statements were approved and authorised for issue by the Board on 30 May 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 August 2017

Pythonix Systems Limited

Notes to the Financial Statements

Statutory Information

Pythonix Systems Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 06979022.

Registered address:

6 Filston Road

Erith

Kent

DA8 1QA

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

2. Property, plant and equipment

Total

Computer

Equipment

Plant and

Machinery

Cost or

valuation

At 01 September 2016

8,271

4,771

3,500

At 31 August 2017

3,500

4,771

8,271

Provision for depreciation and impairment

At 01 September 2016

6,610

3,577

3,033

Charge for year

416

299

117

At 31 August 2017

7,026

3,876

3,150

At 31 August 2017

Net book value

350

895

1,245

At 31 August 2016

467

1,194

1,661

3. Trade and other payables: amounts falling due within one year

2016

2017

Taxation and social security

365

Other creditors

9,668

2,316

9,668

2,681

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