Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31falseThe principal activity of the company is the development of a pixode infrastructure. The directors are committed to ongoing research and development with regards to product development.2022-02-0122falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09964154 2022-02-01 2023-01-31 09964154 2023-01-31 09964154 2021-02-01 2022-01-31 09964154 2022-01-31 09964154 c:Director2 2022-02-01 2023-01-31 09964154 d:CurrentFinancialInstruments 2023-01-31 09964154 d:CurrentFinancialInstruments 2022-01-31 09964154 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09964154 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 09964154 d:ShareCapital 2023-01-31 09964154 d:ShareCapital 2022-01-31 09964154 d:SharePremium 2023-01-31 09964154 d:SharePremium 2022-01-31 09964154 d:RetainedEarningsAccumulatedLosses 2023-01-31 09964154 d:RetainedEarningsAccumulatedLosses 2022-01-31 09964154 c:FRS102 2022-02-01 2023-01-31 09964154 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 09964154 c:FullAccounts 2022-02-01 2023-01-31 09964154 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 09964154 2 2022-02-01 2023-01-31 09964154 6 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure
Registered number: 09964154


 
PIXODE GAMES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

 
PIXODE GAMES LIMITED
REGISTERED NUMBER: 09964154

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
2
301

  
2
301

Current assets
  

Debtors: amounts falling due within one year
 5 
650,458
287,955

Cash at bank and in hand
 6 
110,400
22,812

  
760,858
310,767

Creditors: amounts falling due within one year
 7 
(5,451,850)
(932,980)

Net current liabilities
  
 
 
(4,690,992)
 
 
(622,213)

Total assets less current liabilities
  
(4,690,990)
(621,912)

  

Net liabilities
  
(4,690,990)
(621,912)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
885,086
885,385

Profit and loss account
  
(5,577,076)
(1,508,297)

  
(4,690,990)
(621,912)


Page 1

 
PIXODE GAMES LIMITED
REGISTERED NUMBER: 09964154
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




___________________________
J Gear
Director

Date: 31 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PIXODE GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Pixode Games Limited is a private limited company limited by share capital incorporated in England and Wales, registration number 09964154. The company's registered office address is 3rd Floor, Norfolk House, 106 Saxon Gate West, Milton Keynes, Bucks, MK9 2DN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
PIXODE GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
PIXODE GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
PIXODE GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2022
301


Revaluations
(299)



At 31 January 2023
2




Page 6

 
PIXODE GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Debtors

2023
2022
£
£


Other debtors
642,099
210,306

Prepayments and accrued income
8,359
77,649

650,458
287,955



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
110,400
22,812

110,400
22,812



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
42,379
76,401

Other taxation and social security
-
193

Other creditors
5,360,359
756,995

Accruals and deferred income
49,112
99,391

5,451,850
932,980



8.


Controlling party

The ultimate controlling party is Apliko Limited. A company registered in England and Wales, registration number 13666946. Its principal place of business is 3rd Floor, Norfolk House, 106 Saxon Gate West, Milton Keynes, MK9 2DN.

 
Page 7