Registered number
13623337
Mindpixle Limited
Report and Accounts
30 September 2024
Mindpixle Limited
Management Accounts
Contents
Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Statement of comprehensive income 5
Statement of changes in equity 6
Notes to the accounts 7
Mindpixle Limited
Company Information
Directors
Abdulqader Khaznadar
Accountants
ZAJ Associates Limited
41-A Mill Lane
West Hampstead
London
NW6 1NB
Bankers
Metro Bank Plc
One Shouthampton Row
London
WC1B 5HA
Solicitors
Cambrose & Partners Limited
Unit 210
Camberwell Business Centre
99 - 103 Lomond Grove
London
SE5 7HN
Registered office
Room 11
100 Villiers Road
London
NW2 5PJ
Registered number
13623337
Mindpixle Limited
Registered number: 13623337
Directors' Report
The directors present their report and accounts for the year ended 30 September 2024.
Principal activities
The company's principal activity during the year continued to be that of satellite telecommunications activities.
Directors
The following persons served as directors during the year:
Abdulqader Khaznadar
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 21 December 2024 and signed on its behalf.
A Khaznadar
Director
Mindpixle Limited
Accountants' Report
Accountants' report to the directors of
Mindpixle Limited
You consider that the company is exempt from an audit for the year ended 30 September 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
ZAJ Associates Limited
Accountants
41-A Mill Lane
West Hampstead
London
NW6 1NB
21 December 2024
Mindpixle Limited
Profit and Loss Account
for the year ended 30 September 2024
2024 2023
£ £
Turnover 1,045,682 92,357
Cost of sales (753,991) (68,712)
Gross profit 291,691 23,645
Administrative expenses (242,996) (67,509)
Other operating income 4,000 1,417
Operating profit/(loss) 52,695 (42,447)
Profit/(loss) before taxation 52,695 (42,447)
Tax on profit/(loss) - -
Profit/(loss) for the financial year 52,695 (42,447)
Mindpixle Limited
Statement of comprehensive income
for the year ended 30 September 2024
2024 2023
£ £
Profit/(loss) for the financial year 52,695 (42,447)
Other comprehensive income
Total comprehensive income for the year 52,695 (42,447)
Mindpixle Limited
Registered number: 13623337
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,472 26,080
Current assets
Debtors 4 153,036 501
Cash at bank and in hand 39,356 6,239
192,392 6,740
Creditors: amounts falling due within one year 5 (130,183) (11,634)
Net current assets/(liabilities) 62,209 (4,894)
Total assets less current liabilities 85,681 21,186
Creditors: amounts falling due after more than one year 6 (75,432) (63,632)
Net assets/(liabilities) 10,249 (42,446)
Capital and reserves
Called up share capital 1 1
Profit and loss account 10,248 (42,447)
Shareholders' funds 10,249 (42,446)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Khaznadar
Director
Approved by the board on 21 December 2024
Mindpixle Limited
Statement of Changes in Equity
for the year ended 30 September 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 October 2022 1 - - - 1
Loss for the financial year (42,447) (42,447)
At 30 September 2023 1 - - (42,447) (42,446)
At 1 October 2023 1 - - (42,447) (42,446)
Profit for the financial year 52,695 52,695
At 30 September 2024 1 - - 10,248 10,249
Mindpixle Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 19 14
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 30,682
At 30 September 2024 30,682
Depreciation
At 1 October 2023 4,602
Charge for the year 2,608
At 30 September 2024 7,210
Net book value
At 30 September 2024 23,472
At 30 September 2023 26,080
4 Debtors 2024 2023
£ £
Trade debtors 139,630 -
Other debtors 13,406 501
153,036 501
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 13,486 -
Trade creditors 109,550 8,776
Taxation and social security costs 2,347 458
Other creditors 4,800 2,400
130,183 11,634
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors' loan 75,432 63,632
7 Other information
Mindpixle Limited is a private company limited by shares and incorporated in England. Its registered office is:
Room 11
100 Villiers Road
London
NW2 5PJ
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