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REGISTERED NUMBER: 07965668 (England and Wales)














Financial Statements for the Year Ended 30 April 2023

for

Pixelflakes Ltd.

Pixelflakes Ltd. (Registered number: 07965668)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pixelflakes Ltd.

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr M Nooitgedacht
Mr M Reid





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 07965668 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Pixelflakes Ltd. (Registered number: 07965668)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 267,676 188,574

CURRENT ASSETS
Debtors 5 408,144 421,786
Cash at bank 277,179 352,061
685,323 773,847
CREDITORS
Amounts falling due within one year 6 151,778 214,370
NET CURRENT ASSETS 533,545 559,477
TOTAL ASSETS LESS CURRENT LIABILITIES 801,221 748,051

CREDITORS
Amounts falling due after more than one year 7 108,333 158,333
NET ASSETS 692,888 589,718

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 692,785 589,615
SHAREHOLDERS' FUNDS 692,888 589,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Pixelflakes Ltd. (Registered number: 07965668)

Statement of Financial Position - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:




Mr M Nooitgedacht - Director



Mr M Reid - Director


Pixelflakes Ltd. (Registered number: 07965668)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Pixelflakes Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 19 ) .

Pixelflakes Ltd. (Registered number: 07965668)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 167,457 259,382 426,839
Additions 20,709 132,191 152,900
At 30 April 2023 188,166 391,573 579,739
DEPRECIATION
At 1 May 2022 72,020 166,245 238,265
Charge for year 17,422 56,376 73,798
At 30 April 2023 89,442 222,621 312,063
NET BOOK VALUE
At 30 April 2023 98,724 168,952 267,676
At 30 April 2022 95,437 93,137 188,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 111,762 100,468
Other debtors 296,382 321,318
408,144 421,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 16,033 3,991
Taxation and social security 56,190 131,784
Other creditors 29,555 28,595
151,778 214,370

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 108,333 158,333

8. RELATED PARTY DISCLOSURES

The Directors Mr M Nooitgedacht and Mr M Reid are considered to be the key management personnel.