REGISTERED NUMBER: 09917637 (England and Wales)

PIXLMAKER LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

Mr J Wyldeman

REGISTERED OFFICE:

Greetwell Place

2 Lime Kiln Way

Lincoln

Lincolnshire

LN2 4US

REGISTERED NUMBER:

09917637 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

12,509

10,018

CURRENT ASSETS

Debtors

5

58,879

44,254

Cash at bank

5,129

16,870

64,008

61,124

CREDITORS

Amounts falling due within one year

6

17,929

19,154

NET CURRENT ASSETS

46,079

41,970

TOTAL ASSETS LESS CURRENT LIABILITIES

58,588

51,988

CREDITORS

Amounts falling due after more than one year

7

(6,569

)

(7,866

)

PROVISIONS FOR LIABILITIES

(2,922

)

(1,713

)

NET ASSETS

49,097

42,409

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

49,095

42,407

SHAREHOLDERS' FUNDS

49,097

42,409

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

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

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 13 August 2025 and were signed by:

Mr J Wyldeman - Director

1.	STATUTORY INFORMATION

Pixlmaker 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 net of VAT and trade discounts. The polices adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from E-commerce software development is recognised by reference to the stage of completion at the statement of financial position date. Stage of completion is measured by reference to date of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

28,481

Additions

7,066

At 31 December 2024

35,547

DEPRECIATION

At 1 January 2024

18,463

Charge for year

4,575

At 31 December 2024

23,038

NET BOOK VALUE

At 31 December 2024

12,509

At 31 December 2023

10,018

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

1,767

Other debtors

58,879

42,487

58,879

44,254

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

1,296

1,236

Taxation and social security

11,385

9,258

Other creditors

5,248

8,660

17,929

19,154

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

6,569

7,866

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 years by

installments

731

2,296

731

2,296

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors have a directors loan account totalling £40,367 overdrawn brought forward (2023: £4,875). During the year, the directors of the company borrowed £56,868 (2023: £49,242) from the company and repaid £40,500 (2023: £4,000). Interest of £935 (2023: £Nil) was charged on the overdrawn amount in the year. The balance at the end of the year totalled £57,671 overdrawn (2023: £40,367).