Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13465982 Mr M B Brodersen Goodwille Limited Pixotope Technologies AS Norway true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13465982 2023-12-31 13465982 2024-12-31 13465982 2024-01-01 2024-12-31 13465982 frs-core:CurrentFinancialInstruments 2024-12-31 13465982 frs-core:ComputerEquipment 2024-12-31 13465982 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13465982 frs-core:ComputerEquipment 2023-12-31 13465982 frs-core:ShareCapital 2024-12-31 13465982 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13465982 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13465982 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13465982 frs-bus:SmallEntities 2024-01-01 2024-12-31 13465982 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13465982 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13465982 1 2024-01-01 2024-12-31 13465982 frs-bus:Director1 2024-01-01 2024-12-31 13465982 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 13465982 frs-countries:EnglandWales 2024-01-01 2024-12-31 13465982 2022-12-31 13465982 2023-12-31 13465982 2023-01-01 2023-12-31 13465982 frs-core:CurrentFinancialInstruments 2023-12-31 13465982 frs-core:ShareCapital 2023-12-31 13465982 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13465982
Pixotope Technologies UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Goodwille Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13465982
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,612 2,531
1,612 2,531
CURRENT ASSETS
Debtors 5 130,155 148,076
Cash at bank and in hand 37,139 78,828
167,294 226,904
Creditors: Amounts Falling Due Within One Year 6 (72,863 ) (167,975 )
NET CURRENT ASSETS (LIABILITIES) 94,431 58,929
TOTAL ASSETS LESS CURRENT LIABILITIES 96,043 61,460
PROVISIONS FOR LIABILITIES
Deferred Taxation (403 ) (1,033 )
NET ASSETS 95,640 60,427
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 95,639 60,426
SHAREHOLDERS' FUNDS 95,640 60,427
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For the year ending 31 December 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 Profit and Loss Account.
On behalf of the board
Mr M B Brodersen
Director
25/02/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pixotope Technologies UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13465982 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.
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.
Prior Year Comparative
The financial statements for the prior year were subject to statutory audit. The figures presented for the prior year remain unchanged from those audited financial statements.
2.2. Going Concern Disclosure
The company is dependent on the support of its shareholders to continue as a going concern. Confirmation of this support has been provided and the directors consider it appropriate to prepare the accounts on a going concern basis.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.
2.4. Turnover
Turnover represents the value of services provided to its fellow subsidiary, net of value added tax. Revenue is recognised when the company has a contractual right to receive revenue for work undertaken.
2.5. 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 33% Straight Line
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, as well as loans from related parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Debtors
Basic financial assets, including trade and other debtors, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.10. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.11. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.Ordinary shares are classified as equity.
2.12. Share Capital
Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 7)
4 7
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 4,912
Additions 995
As at 31 December 2024 5,907
Depreciation
As at 1 January 2024 2,381
Provided during the period 1,914
As at 31 December 2024 4,295
Net Book Value
As at 31 December 2024 1,612
As at 1 January 2024 2,531
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 109 198
Other debtors 722 1,903
Amounts owed by group undertakings 129,324 145,975
130,155 148,076
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,309 7,501
Corporation tax 18,964 24,510
Other taxes and social security 18,572 57,557
Accruals 33,018 78,407
72,863 167,975
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Dividends
No dividends were proposed or paid during the current or prior year. 
9. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.
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10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Pixotope Technologies AS . Pixotope Technologies AS was incorporated in Norway and is the ultimate controlling party who controls 100% of the shares of Pixotope Technologies UK Limited . Copies of the group accounts may be obtained from the secretary, Sommerrogata 13, 0255 Oslo and registration number 812 664 522.
11. Audit Information
The auditor's report on the accounts of Pixotope Technologies UK Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Statutory Auditor.
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