Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-3112022-01-01falseproviding licensing and consultancy services1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08366263 2022-01-01 2022-12-31 08366263 2021-01-01 2021-12-31 08366263 2022-12-31 08366263 2021-12-31 08366263 c:Director2 2022-01-01 2022-12-31 08366263 d:NegativeGoodwill 2022-12-31 08366263 d:NegativeGoodwill 2021-12-31 08366263 d:CurrentFinancialInstruments 2022-12-31 08366263 d:CurrentFinancialInstruments 2021-12-31 08366263 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08366263 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08366263 d:ShareCapital 2022-12-31 08366263 d:ShareCapital 2021-12-31 08366263 d:RetainedEarningsAccumulatedLosses 2022-12-31 08366263 d:RetainedEarningsAccumulatedLosses 2021-12-31 08366263 c:OrdinaryShareClass1 2022-01-01 2022-12-31 08366263 c:OrdinaryShareClass1 2022-12-31 08366263 c:OrdinaryShareClass1 2021-12-31 08366263 c:FRS102 2022-01-01 2022-12-31 08366263 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 08366263 c:FullAccounts 2022-01-01 2022-12-31 08366263 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 08366263 d:Subsidiary1 2022-01-01 2022-12-31 08366263 d:Subsidiary1 1 2022-01-01 2022-12-31 08366263 d:NegativeGoodwill d:ExternallyAcquiredIntangibleAssets 2022-01-01 2022-12-31 08366263 2 2022-01-01 2022-12-31 08366263 6 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08366263














PIXSTIX LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
PIXSTIX LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
PIXSTIX LIMITED
REGISTERED NUMBER:08366263

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
  
135,373
-

Investments
 6 
100
100

  
135,473
100

Current assets
  

Debtors
 7 
4,183,564
2,827,648

Current asset investments
 8 
-
135,373

Cash at bank and in hand
 9 
1,453,272
957,606

  
5,636,836
3,920,627

Creditors: amounts falling due within one year
 10 
(886,757)
(1,700,356)

Net current assets
  
 
 
4,750,079
 
 
2,220,271

Total assets less current liabilities
  
4,885,552
2,220,371

  

Net assets
  
4,885,552
2,220,371


Capital and reserves
  

Called up share capital 
 11 
1
1

Profit and loss account
  
4,885,551
2,220,370

  
4,885,552
2,220,371


1

 
PIXSTIX LIMITED
REGISTERED NUMBER:08366263
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The director considers 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 director acknowledges her 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 profit and loss account 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: 



E T Bishti
Director

Date: 22 December 2023

The notes on pages 3 to 6 form part of these financial statements.

2

 
PIXSTIX LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Pixstix Limited is a private company, limited by shares, registered in England and Wales, registration number 08366263. The registered office address is Tudor House, 250 Menlove Avenue, Liverpool, L18 3JF and the principal place of business is 10 Warrick Street, London, W1B 5LZ.
 
The principal activity of the company continued to be that of providing licensing and consultancy services.

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represent licensing fees and consultancy fees received during the period, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure. Grants received in respect of interest on the Bounce Back Loan are included in other operating income.

 
2.4

Interest income

Interest income is recognised in the Profit and loss account using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit and loss account 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.

 
2.6

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.

3

 
PIXSTIX LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.

 
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.

 
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.

 
2.12

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 
2.13

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2021 - 1).


4.


Dividends

2022
2021
£
£


Dividends
57,858
2,875,000

4

 
PIXSTIX LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Intangible assets




Digital currency

£





Additions
135,373



At 31 December 2022

135,373






Net book value



At 31 December 2022
135,373



At 31 December 2021
-




6.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2022
100



At 31 December 2022
100






Net book value



At 31 December 2022
100



At 31 December 2021
100


Subsidiary undertaking


The following was a subsidiary undertaking of the company:

Name

Registered office

Principal activity

Class of shares

Holding

If You Dont Know Dont Worry Limited
England and Wales
Dormant company
Ordinary
  100%

5

 
PIXSTIX LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Debtors


2022
2021
£
£



Trade debtors
25,531
57,373

Other debtors
3,648,686
2,604,215

Prepayments and accrued income
509,347
166,060

4,183,564
2,827,648



8.


Current asset investments

2022
2021
£
£

Cryptocurrency
-
135,373



9.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
1,453,272
957,606



10.


Creditors: amounts falling due within one year

2022
2021
£
£

Trade creditors
11,976
2,100

Corporation tax
745,033
713,573

Other taxation and social security
94,420
940,541

Other creditors
20,834
27,180

Accruals
14,494
16,962

886,757
1,700,356





11.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1.00
1
1


 
6