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Company registration number: 14782773
Escaped Pixels Limited
Unaudited filleted financial statements
30 April 2024
Escaped Pixels Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Escaped Pixels Limited
Directors and other information
Director Mr Gehan Rajasekaran
Company number 14782773
Registered office 797 Harrow Road
Sudbury Town
Wembley
HA0 2LP
Business address 9 West Hill
Wembley
Middlesex
HA9 9RN
Accountants Accountancy Solutions
797 Harrow Road
Sudbury Town
Wembley
HA0 2LP
Bankers Natwest Bank
Escaped Pixels Limited
Statement of financial position
30 April 2024
30/04/24
Note £ £
Current assets
Debtors 4 17,193
_______
17,193
Creditors: amounts falling due
within one year 5 ( 41,016)
_______
Net current liabilities ( 23,823)
_______
Total assets less current liabilities ( 23,823)
_______
Net liabilities ( 23,823)
_______
Capital and reserves
Called up share capital 6,300
Profit and loss account ( 30,123)
_______
Shareholder deficit ( 23,823)
_______
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 02 January 2025 , and are signed on behalf of the board by:
Mr Gehan Rajasekaran
Director
Company registration number: 14782773
Escaped Pixels Limited
Statement of changes in equity
Period ended 30 April 2024
Called up share capital Profit and loss account Total
£ £ £
At 5 April 2023 - - -
Loss for the period ( 30,123) ( 30,123)
_______ _______ _______
Total comprehensive income for the period - ( 30,123) ( 30,123)
Issue of shares 6,300 6,300
_______ _______ _______
Total investments by and distributions to owners 6,300 - 6,300
_______ _______ _______
At 30 April 2024 6,300 ( 30,123) ( 23,823)
_______ _______ _______
Escaped Pixels Limited
Notes to the financial statements
Period ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 797 Harrow Road, Sudbury Town, Wembley, HA0 2LP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
30/04/24
£
Other debtors 17,193
_______
5. Creditors: amounts falling due within one year
30/04/24
£
Other creditors 41,016
_______
6. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Period ended 30/04/24
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Gehan Rajasekaran - ( 25,936) ( 25,936)
_______ _______ _______
7. Controlling party
The director of the company controls entire issued share capital of the company.
8. Going Concern
Director reviewed the net deficit position at year end, confirmed his continued support meet companies financial obligations for the foreseeable future. Director is confident that the company will be profitable once its started to trade in the next financial year. therefore accounts have been prepared on a going concern basis