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Company Registration No. 14203151 (England and Wales)
Pixel Demon Ltd Unaudited accounts for the period from 29 June 2022 to 30 June 2023
Pixel Demon Ltd Unaudited accounts Contents
Page
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Pixel Demon Ltd Company Information for the period from 29 June 2022 to 30 June 2023
Director
Mr Michael Geill
Secretary
Mr Michael Geill
Company Number
14203151 (England and Wales)
Registered Office
1 Knowsley Road Offerton Stockport SK1 4JA
Accountants
Bee Motion Accounting Limited 136 Hall Street Stockport Greater Manchester SK1 4HE
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Pixel Demon Ltd Statement of financial position as at 30 June 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
3,100 
Current assets
Debtors
761 
Cash at bank and in hand
8,018 
8,779 
Creditors: amounts falling due within one year
(7,082)
Net current assets
1,697 
Total assets less current liabilities
4,797 
Provisions for liabilities
Deferred tax
(589)
Net assets
4,208 
Capital and reserves
Called up share capital
1 
Profit and loss account
4,207 
Shareholders' funds
4,208 
For the period 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 director acknowledges his 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 and authorised for issue on 1 February 2024 and were signed on its behalf by
Mr Michael Geill Director Company Registration No. 14203151
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Pixel Demon Ltd Notes to the Accounts for the period from 29 June 2022 to 30 June 2023
1
Statutory information
Pixel Demon Ltd is a private company, limited by shares, registered in England and Wales, registration number 14203151. The registered office is 1 Knowsley Road, Offerton, Stockport, SK1 4JA.
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
Presentation currency
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or services. i) Sale of goods Turnover from the sale of goods are recognised when significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company. ii) Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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% Straight Line
Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively. Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
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Pixel Demon Ltd Notes to the Accounts for the period from 29 June 2022 to 30 June 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The company has considerable financial resources together with contracts with a number of clients. The director believes that the company is well placed to manage its business risks successfully. After making enquiries, the director has reasonable expectations that the company has adequate resources to continue in operational existence for a period of at least twelve months and for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 29 June 2022
- 
Additions
3,478 
At 30 June 2023
3,478 
Depreciation
Charge for the period
378 
At 30 June 2023
378 
Net book value
At 30 June 2023
3,100 
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
696 
Trade debtors
65 
761 
6
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
180 
Taxes and social security
3,731 
Other creditors
41 
Loans from directors
879 
Accruals
2,251 
7,082 
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Pixel Demon Ltd Notes to the Accounts for the period from 29 June 2022 to 30 June 2023
7
Deferred taxation
2023 
£ 
Accelerated capital allowances
589 
2023 
£ 
Charged to the profit and loss account
589 
Provision at end of period
589 
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
9
Average number of employees
During the period the average number of employees was 1.
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