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REGISTERED NUMBER: 09917637 (England and Wales)















PIXLMAKER LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






PIXLMAKER LTD (REGISTERED NUMBER: 09917637)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


PIXLMAKER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr J Wyldeman





REGISTERED OFFICE: Greetwell Place
2 Lime Kiln Way
Lincoln
Lincolnshire
LN2 4US





REGISTERED NUMBER: 09917637 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

PIXLMAKER LTD (REGISTERED NUMBER: 09917637)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,018 3,382

CURRENT ASSETS
Debtors 5 44,254 1,089
Cash at bank 16,870 17,030
61,124 18,119
CREDITORS
Amounts falling due within one year 6 19,154 10,600
NET CURRENT ASSETS 41,970 7,519
TOTAL ASSETS LESS CURRENT LIABILITIES 51,988 10,901

CREDITORS
Amounts falling due after more than one year 7 (7,866 ) (9,101 )

PROVISIONS FOR LIABILITIES (1,713 ) (410 )
NET ASSETS 42,409 1,390

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 42,407 1,388
SHAREHOLDERS' FUNDS 42,409 1,390

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 director acknowledges his 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.

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 director and authorised for issue on 5 September 2024 and were signed by:




Mr J Wyldeman - Director


PIXLMAKER LTD (REGISTERED NUMBER: 09917637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Pixlmaker Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is recognised when the company obtains the right to consideration.

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 reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PIXLMAKER LTD (REGISTERED NUMBER: 09917637)

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 19,462
Additions 9,019
At 31 December 2023 28,481
DEPRECIATION
At 1 January 2023 16,080
Charge for year 2,383
At 31 December 2023 18,463
NET BOOK VALUE
At 31 December 2023 10,018
At 31 December 2022 3,382

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,767 620
Other debtors 42,487 469
44,254 1,089

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 1,236 1,179
Taxation and social security 9,258 1,511
Other creditors 8,660 7,910
19,154 10,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 7,866 9,101

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years by
installments 2,296 3,788
2,296 3,788

PIXLMAKER LTD (REGISTERED NUMBER: 09917637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors have a directors loan account totalling £4,875 overdrawn brought forward (2022: £125). During the year, the directors of the company borrowed £49,242 (2022: £5,000) from the company and repaid £4,000 (2022: £10,000). Interest of £Nil (2022: £Nil) was charged on the overdrawn amount in the year. The balance at the end of the year totalled £40,367 overdrawn (2022: £4,875).