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Company Registration No. 10749772 (England and Wales)
Pixion Games Limited Unaudited accounts for the year ended 30 June 2023
Pixion Games Limited Unaudited accounts Contents
Page
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Pixion Games Limited Company Information for the year ended 30 June 2023
Directors
Karmveer Singh Punia Jonathan Bobb
Company Number
10749772 (England and Wales)
Registered Office
86-90, Paul Street London EC2A 4NE
Accountants
M.A.D. Accountants Ltd Welbeck House 69 Loughborough Road West Bridgford Nottinghamshire NG2 7LA
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Pixion Games Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
18,632 
35,035 
Tangible assets
26,597 
21,413 
45,229 
56,448 
Current assets
Debtors
37,925 
124,222 
Cash at bank and in hand
1,165,893 
960,979 
1,203,818 
1,085,201 
Creditors: amounts falling due within one year
(76,495)
(179,311)
Net current assets
1,127,323 
905,890 
Total assets less current liabilities
1,172,552 
962,338 
Creditors: amounts falling due after more than one year
- 
(2,109,741)
Net assets/(liabilities)
1,172,552 
(1,147,403)
Capital and reserves
Called up share capital
155 
130 
Share premium
5,939,824 
1,633,138 
Profit and loss account
(4,767,427)
(2,780,671)
Shareholders' funds
1,172,552 
(1,147,403)
For the year ending 30 June 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 13 November 2023 and were signed on its behalf by
Karmveer Singh Punia Director Company Registration No. 10749772
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Pixion Games Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Pixion Games Limited is a private company, limited by shares, registered in England and Wales, registration number 10749772. The registered office is 86-90, Paul Street, London, EC2A 4NE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 July 2022
54,780 
Additions
2,785 
At 30 June 2023
57,565 
Amortisation
At 1 July 2022
19,745 
Charge for the year
19,188 
At 30 June 2023
38,933 
Net book value
At 30 June 2023
18,632 
At 30 June 2022
35,035 
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Pixion Games Limited Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2022
43,029 
Additions
14,050 
At 30 June 2023
57,079 
Depreciation
At 1 July 2022
21,616 
Charge for the year
8,866 
At 30 June 2023
30,482 
Net book value
At 30 June 2023
26,597 
At 30 June 2022
21,413 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10,412,376 Ordinary A shares of £0.00001 each
104.12 
104.12 
1,758,383 Ordinary B shares of £0.00001 each
17.58 
8.00 
121.70 
112.12 
3,385,149 Preference of £0.00001 each
33.85 
18.25 
155.55 
130.37 
Shares issued during the period:
958,383 Ordinary B shares of £0.00001 each
9.58 
1,559,878 Preference of £0.00001 each
15.59 
25.17 
7
Transactions with related parties
During the year the company loaned money from Mr Punia. At the year end, Mr Punia was owed £3109 (2022 £3981) The amount is repayable on demand and no interest has been charged.
8
Controlling party
Kamveer Singh Punia is ultimate controlling party as the majority shareholder with 83% ownership.
9
Average number of employees
During the year the average number of employees was 12 (2022: 12).
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