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
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
CLEARPIXEL VR LTD
Statement of financial position
as at 31 December 2023
Tangible assets
9,347
6,651
Cash at bank and in hand
27,644
1,600
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)
Called up share capital
121
100
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
CLEARPIXEL VR LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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 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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
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
Disposals
-
(1,127)
(1,127)
At 31 December 2023
1,714
15,990
17,704
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
At 31 December 2023
1,075
8,272
9,347
At 31 December 2022
510
6,141
6,651
Amounts falling due within one year
Accrued income and prepayments
2,769
-
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
27,012
-
Loans from directors
27,329
19,373
7
Average number of employees
During the year the average number of employees was 8 (2022: 2).