Company Registration No. 09968344 (England and Wales)
PIXXELBOXX LIMITED
Unaudited accounts
for the year ended 31 January 2023
PIXXELBOXX LIMITED
Unaudited accounts
Contents
PIXXELBOXX LIMITED
Company Information
for the year ended 31 January 2023
Directors
Shane-Daniel North
Conner Crawford
Company Number
09968344 (England and Wales)
Registered Office
20 NORTHCOURT ROAD
NORTHCOURT ROAD
ABINGDON
OXFORDSHIRE
OX14 1PL
UNITED KINGDOM
Accountants
Tungsten Wolfram Ltd
Stanton Court
London
N3 2DF
PIXXELBOXX LIMITED
Accountants' report
Accountants' report to the board of directors of PIXXELBOXX LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
PIXXELBOXX LIMITED for the year ended
31 January 2023 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 PIXXELBOXX LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of PIXXELBOXX 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 PIXXELBOXX LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PIXXELBOXX 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 PIXXELBOXX LIMITED. You consider that PIXXELBOXX LIMITED 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 PIXXELBOXX 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.
Tungsten Wolfram Ltd
Stanton Court
London
N3 2DF
24 October 2023
PIXXELBOXX LIMITED
Statement of financial position
as at 31 January 2023
Called up share capital not paid
1
-
Tangible assets
4,120
2,892
Cash at bank and in hand
3,048
1,675
Creditors: amounts falling due within one year
(3,853)
(1,824)
Net current liabilities
(805)
(149)
Total assets less current liabilities
3,316
2,743
Creditors: amounts falling due after more than one year
(13,146)
(18,926)
Net liabilities
(9,830)
(16,183)
Called up share capital
1
1
Profit and loss account
(9,831)
(16,184)
Shareholders' funds
(9,830)
(16,183)
For the year ending 31 January 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 14 October 2023 and were signed on its behalf by
Shane-Daniel North
Director
Company Registration No. 09968344
PIXXELBOXX LIMITED
Notes to the Accounts
for the year ended 31 January 2023
PIXXELBOXX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09968344. The registered office is 20 NORTHCOURT ROAD, NORTHCOURT ROAD, ABINGDON, OXFORDSHIRE, OX14 1PL, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided for on a 50% reducing balance basis, charged in the year of acquisition and not disposal
Land & buildings
50% reducing balance
Plant & machinery
50% reducing balance
Motor vehicles
50% reducing balance
Fixtures & fittings
50% reducing balance
Computer equipment
50% reducing balance
Other tangible fixed assets
50% reducing balance
Emphasis of matter - Estimates in accounts
Client transferred business bank account from Santander to Starling on 20/04/2022. Santander was kept open until 28/06/2022. Santander statements have only been provided for accounts preparation up to 03/04/2022 and client has been unable to obtain statements from bank for the 3 month period of time 04/04/2022 to 28/06/2022.
Some transactions can be derived, such as loan repayments from loan statements and final balance transfer from Santander to Starling on 28/06/2022. But there remained a balance of £926.83 with no supporting transaction information.
In the absence of this information, expenses cannot be booked (per companies house and HMRC recommended practice) and this total balance has been assumed as a repayment of the Directors Loan Account.
PIXXELBOXX LIMITED
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,853
1,823
6
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
6,723
12,042
7
Average number of employees
During the year the average number of employees was 2 (2022: 4).