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Company Registration No. 13023842 (England and Wales)
CLEARPIXEL VR LTD Unaudited accounts for the year ended 31 December 2023
CLEARPIXEL VR LTD Unaudited accounts Contents
Page
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CLEARPIXEL VR LTD Company Information for the year ended 31 December 2023
Directors
Quinn Byron-Dyer Jake Spanswick Owain Cassidy Mary Hobson Adam Thomas-Brown
Company Number
13023842 (England and Wales)
Registered Office
Tec Marina Terra Nova Way Penarth CF64 1SA
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CLEARPIXEL VR LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,347 
6,651 
Current assets
Debtors
52,955 
6,662 
Cash at bank and in hand
27,644 
1,600 
80,599 
8,262 
Creditors: amounts falling due within one year
(58,638)
(21,155)
Net current assets/(liabilities)
21,961 
(12,893)
Net assets/(liabilities)
31,308 
(6,242)
Capital and reserves
Called up share capital
121 
100 
Share premium
383,882 
- 
Profit and loss account
(352,695)
(6,342)
Shareholders' funds
31,308 
(6,242)
For the year ending 31 December 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 7 March 2024 and were signed on its behalf by
Jake Spanswick Director Company Registration No. 13023842
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CLEARPIXEL VR LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
CLEARPIXEL VR LTD is a private company, limited by shares, registered in England and Wales, registration number 13023842. The registered office is Tec Marina, Terra Nova Way, Penarth, CF64 1SA.
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.
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:
Fixtures & fittings
20% Straight line
Computer equipment
33% Straight line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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CLEARPIXEL VR LTD Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
850 
9,400 
10,250 
Additions
864 
7,717 
8,581 
Disposals
- 
(1,127)
(1,127)
At 31 December 2023
1,714 
15,990 
17,704 
Depreciation
At 1 January 2023
340 
3,259 
3,599 
Charge for the year
299 
4,459 
4,758 
At 31 December 2023
639 
7,718 
8,357 
Net book value
At 31 December 2023
1,075 
8,272 
9,347 
At 31 December 2022
510 
6,141 
6,651 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,005 
- 
Accrued income and prepayments
2,769 
- 
Other debtors
49,181 
- 
52,955 
- 
Amounts falling due after more than one year
Other debtors
- 
6,662 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
843 
1,782 
Taxes and social security
27,012 
- 
Other creditors
3,454 
- 
Loans from directors
27,329 
19,373 
58,638 
21,155 
7
Average number of employees
During the year the average number of employees was 8 (2022: 2).
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