2022-02-012023-01-312023-01-31false05666506Pixelised 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Pixelised Ltd

Registered Number
05666506
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

Pixelised Ltd
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

Clare Hext
Scott Martin

Registered Address

107 North Street
North Street
Martock
TA12 6EJ

Registered Number

05666506 (England and Wales)
Pixelised Ltd
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets53,9523,927
3,9523,927
Current assets
Cash at bank and on hand3,2228,020
3,2228,020
Creditors amounts falling due within one year7(11,200)(5,696)
Net current assets (liabilities)(7,978)2,324
Total assets less current liabilities(4,026)6,251
Provisions for liabilities(751)(746)
Net assets(4,777)5,505
Capital and reserves
Called up share capital22
Profit and loss account(4,779)5,503
Shareholders' funds(4,777)5,505
The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2023, and are signed on its behalf by:
Clare Hext
Director
Scott Martin
Director

Registered Company No. 05666506
Pixelised Ltd
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
4.Employee information

20232022
Average number of employees during the year12
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 February 2219,654
Additions1,121
At 31 January 2320,775
Depreciation and impairment
At 01 February 2215,727
Charge for year1,096
At 31 January 2316,823
Net book value
At 31 January 233,952
At 31 January 223,927
6.Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Amounts owed to related parties9,7622,876
Taxation and social security-959
Accrued liabilities and deferred income1,4381,861
Total11,2005,696
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.