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REGISTERED NUMBER: 11127409 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Pixelated People Limited

Pixelated People Limited (Registered number: 11127409)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pixelated People Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Shone
S Lo





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 11127409 (England and Wales)





ACCOUNTANTS: Onyx Management Accounting Ltd
42 Ickwell Road
Northill
Biggleswade
Bedfordshire
SG18 9AB

Pixelated People Limited (Registered number: 11127409)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,575 11,263

CURRENT ASSETS
Debtors 5 503,292 185,433
Cash at bank 329,651 305,494
832,943 490,927
CREDITORS
Amounts falling due within one year 6 545,296 125,194
NET CURRENT ASSETS 287,647 365,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

305,222

376,996

CREDITORS
Amounts falling due after more than one year 7 14,166 24,167
NET ASSETS 291,056 352,829

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 290,956 352,729
291,056 352,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pixelated People Limited (Registered number: 11127409)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:




S Lo - Director



P Shone - Director


Pixelated People Limited (Registered number: 11127409)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Pixelated People Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Pixelated People Limited (Registered number: 11127409)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 24,758
Additions 15,405
At 31 December 2023 40,163
DEPRECIATION
At 1 January 2023 13,495
Charge for year 9,093
At 31 December 2023 22,588
NET BOOK VALUE
At 31 December 2023 17,575
At 31 December 2022 11,263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 246,494 183,407
Other debtors 256,798 2,026
503,292 185,433

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 234,104 107,076
Other creditors 301,192 8,118
545,296 125,194

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,166 24,167

Pixelated People Limited (Registered number: 11127409)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
P Shone
Balance outstanding at start of year 3,084 (3,500 )
Amounts advanced 720 6,584
Amounts repaid (1,195 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,609 3,084

S Lo
Balance outstanding at start of year 3,635 126
Amounts advanced 56,859 3,509
Amounts repaid (3,158 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,336 3,635