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REGISTERED NUMBER: 10082852 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

LIVING PIXELS LTD

LIVING PIXELS LTD (REGISTERED NUMBER: 10082852)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIVING PIXELS LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr J L Yeoman





REGISTERED OFFICE: 1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB





REGISTERED NUMBER: 10082852 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

LIVING PIXELS LTD (REGISTERED NUMBER: 10082852)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,178 14,988

CURRENT ASSETS
Debtors 5 155,516 38,660
Cash at bank 20,715 46,497
176,231 85,157
CREDITORS
Amounts falling due within one year 6 153,491 50,978
NET CURRENT ASSETS 22,740 34,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,918

49,167

CREDITORS
Amounts falling due after more than one year 7 4,667 8,667
NET ASSETS 38,251 40,500

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 38,250 40,499
SHAREHOLDERS' FUNDS 38,251 40,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

LIVING PIXELS LTD (REGISTERED NUMBER: 10082852)

Balance Sheet - continued
31 March 2024


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 19 November 2024 and were signed by:





Mr J L Yeoman - Director


LIVING PIXELS LTD (REGISTERED NUMBER: 10082852)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Living Pixels 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.

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.

Computer Equipment - 25% SLM
Fixtures & Fittings - 25% SLM

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

LIVING PIXELS LTD (REGISTERED NUMBER: 10082852)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 8,691 27,230 35,921
Additions 11,602 3,427 15,029
At 31 March 2024 20,293 30,657 50,950
DEPRECIATION
At 1 April 2023 3,288 17,645 20,933
Charge for year 4,932 4,907 9,839
At 31 March 2024 8,220 22,552 30,772
NET BOOK VALUE
At 31 March 2024 12,073 8,105 20,178
At 31 March 2023 5,403 9,585 14,988

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 7,700 17,058
Directors' current accounts 147,816 21,602
155,516 38,660

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 4,000 4,000
Tax 64,492 29,346
Social security and other taxes 487 113
VAT 31,353 15,409
Accruals and deferred income 50,000 -
Accrued expenses 3,159 2,110
153,491 50,978

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans - 1-2 years 4,667 -
Bank loans - 2-5 years - 8,667
4,667 8,667

LIVING PIXELS LTD (REGISTERED NUMBER: 10082852)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 April 2023 40,499
Profit for the year 120,984
Dividends (123,233 )
At 31 March 2024 38,250