Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09956958 Mr J T Hoang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09956958 2023-01-31 09956958 2024-01-31 09956958 2023-02-01 2024-01-31 09956958 frs-core:CurrentFinancialInstruments 2024-01-31 09956958 frs-core:ComputerEquipment 2024-01-31 09956958 frs-core:ComputerEquipment 2023-02-01 2024-01-31 09956958 frs-core:ComputerEquipment 2023-01-31 09956958 frs-core:ShareCapital 2024-01-31 09956958 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09956958 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09956958 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09956958 frs-bus:SmallEntities 2023-02-01 2024-01-31 09956958 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09956958 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09956958 frs-bus:Director1 2023-02-01 2024-01-31 09956958 frs-countries:EnglandWales 2023-02-01 2024-01-31 09956958 2022-01-31 09956958 2023-01-31 09956958 2022-02-01 2023-01-31 09956958 frs-core:CurrentFinancialInstruments 2023-01-31 09956958 frs-core:ShareCapital 2023-01-31 09956958 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09956958
Pixel Premium Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 09956958
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,070 5,357
9,070 5,357
CURRENT ASSETS
Stocks 5 - 4
Debtors 6 6,163 5,422
Cash at bank and in hand 14,880 58,311
21,043 63,737
Creditors: Amounts Falling Due Within One Year 7 (21,071 ) (30,768 )
NET CURRENT ASSETS (LIABILITIES) (28 ) 32,969
TOTAL ASSETS LESS CURRENT LIABILITIES 9,042 38,326
NET ASSETS 9,042 38,326
CAPITAL AND RESERVES
Called up share capital 2 2
Income Statement 9,040 38,324
SHAREHOLDERS' FUNDS 9,042 38,326
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr J T Hoang
Director
25/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pixel Premium Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09956958 . The registered office is Office M-05, Millharbour Court, 6 Watergate Walk, London, E14 9XH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs.  Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 25,180
Additions 6,870
As at 31 January 2024 32,050
Depreciation
As at 1 February 2023 19,823
Provided during the period 3,157
As at 31 January 2024 22,980
Net Book Value
As at 31 January 2024 9,070
As at 1 February 2023 5,357
5. Stocks
2024 2023
£ £
Finished goods - 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,518 4,060
Other debtors 645 1,362
6,163 5,422
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 20,489 27,945
Taxation and social security 582 2,823
21,071 30,768
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