Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07878352 Mr Pietro Saccomani Mr Vitor Marcellino Mr Abshir Farah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07878352 2023-12-31 07878352 2024-12-31 07878352 2024-01-01 2024-12-31 07878352 frs-core:CurrentFinancialInstruments 2024-12-31 07878352 frs-core:Non-currentFinancialInstruments 2024-12-31 07878352 frs-core:ComputerEquipment 2024-12-31 07878352 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07878352 frs-core:ComputerEquipment 2023-12-31 07878352 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 07878352 frs-core:FurnitureFittings 2024-12-31 07878352 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07878352 frs-core:FurnitureFittings 2023-12-31 07878352 frs-core:OtherResidualIntangibleAssets 2024-12-31 07878352 frs-core:OtherResidualIntangibleAssets 2023-12-31 07878352 frs-core:ShareCapital 2024-12-31 07878352 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07878352 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07878352 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07878352 frs-bus:SmallEntities 2024-01-01 2024-12-31 07878352 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07878352 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07878352 frs-bus:Director1 2024-01-01 2024-12-31 07878352 frs-bus:Director2 2024-01-01 2024-12-31 07878352 frs-bus:Director3 2024-01-01 2024-12-31 07878352 frs-core:CurrentFinancialInstruments 1 2024-12-31 07878352 frs-countries:EnglandWales 2024-01-01 2024-12-31 07878352 2022-12-31 07878352 2023-12-31 07878352 2023-01-01 2023-12-31 07878352 frs-core:CurrentFinancialInstruments 2023-12-31 07878352 frs-core:Non-currentFinancialInstruments 2023-12-31 07878352 frs-core:ShareCapital 2023-12-31 07878352 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07878352 frs-core:CurrentFinancialInstruments 1 2023-12-31 07878352 frs-core:CurrentFinancialInstruments 5 2023-12-31
Registered number: 07878352
Fifty Pixels Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 07878352
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 472 1,139
472 1,139
CURRENT ASSETS
Debtors 6 34,760 106,026
Cash at bank and in hand 611,809 643,569
646,569 749,595
Creditors: Amounts Falling Due Within One Year 7 (227,613 ) (245,650 )
NET CURRENT ASSETS (LIABILITIES) 418,956 503,945
TOTAL ASSETS LESS CURRENT LIABILITIES 419,428 505,084
NET ASSETS 419,428 505,084
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 419,328 504,984
SHAREHOLDERS' FUNDS 419,428 505,084
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Pietro Saccomani
Director
10/07/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Fifty Pixels Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07878352 . The registered office is 209 High Road, London, N2 8AN.
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. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets consist of Goodwill and Intelectual property rights.This  is amortised to income statement over its estimated economic life of 3 years.
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:
Fixtures & Fittings 20% on a straight-line basis
Computer Equipment 20% on a straight line basis
2.5. 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.
No provision has been made for deferred tax in the current year as the timing differences are not considered to be material.
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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 10,850
As at 31 December 2024 10,850
Amortisation
As at 1 January 2024 10,850
As at 31 December 2024 10,850
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 1,954 12,939 14,893
As at 31 December 2024 1,954 12,939 14,893
Depreciation
As at 1 January 2024 1,954 11,800 13,754
Provided during the period - 667 667
As at 31 December 2024 1,954 12,467 14,421
Net Book Value
As at 31 December 2024 - 472 472
As at 1 January 2024 - 1,139 1,139
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,300 6,598
Prepayments and accrued income 2,729 1,518
Loan to Mixbloom Ltd - 75,729
13,029 83,845
Due after more than one year
Loan to Canada Corp 21,731 22,181
34,760 106,026
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,084 10,608
Corporation tax 61,854 95,411
VAT 5,848 3,986
General clients' account 10,136 10,136
Accruals and deferred income 132,681 125,499
Directors' loan accounts 10 10
227,613 245,650
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4