PIXIELAND (SALTASH) LIMITED


Directors	Caroline Rose Francis McDonough
	John James McDonough


Registered Address	C/O Businessvision Unit 4, Sandy Court, Ashleigh Way
	Plympton
	Plymouth
	PL7 5JX


Registered Number	07295450 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		147,837		150,172
			147,837		150,172
Current assets
Debtors		729,351		144,666
Current asset investments	4	1,006,286		-
Cash at bank and on hand		55,782		1,281,929
		1,791,419		1,426,595
Creditors amounts falling due within one year	5	(310,886)		(192,444)
Net current assets (liabilities)			1,480,533		1,234,151
Total assets less current liabilities			1,628,370		1,384,323
Provisions for liabilities	6		(112,249)		(29,007)
Net assets			1,516,121		1,355,316
Capital and reserves
Called up share capital			202		202
Profit and loss account			1,515,919		1,355,114
Shareholders' funds			1,516,121		1,355,316

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 4 September 2025, and are signed on its behalf by:

Caroline Rose Francis McDonough
Director
Registered Company No. 07295450

PIXIELAND (SALTASH) LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	6.67
Plant and machinery	33	-
Fixtures and fittings	15	-
Vehicles	25	-

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	28		26

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	168,375	-	22,077	289,934	480,386
Additions	22,696	2,431	-	5,242	30,369
At 31 December 24	191,071	2,431	22,077	295,176	510,755
Depreciation and impairment
At 01 January 24	144,449	-	17,172	168,593	330,214
Charge for year	11,558	203	1,226	19,717	32,704
At 31 December 24	156,007	203	18,398	188,310	362,918
Net book value
At 31 December 24	35,064	2,228	3,679	106,866	147,837
At 31 December 23	23,926	-	4,905	121,341	150,172

4.	Current asset investments

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	2,107	767
Taxation and social security	207,037	85,280
Other creditors	101,012	104,626
Accrued liabilities and deferred income	730	1,771
Total	310,886	192,444

6.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	31,649	29,007
Other provisions	80,600	-
Total	112,249	29,007

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Caroline Rose Francis McDonough	71,100	66,794	24,634	113,260
Directors loan account
John James McDonough	0	1,144	0	1,144
Directors loan account
	71,100	67,938	24,634	114,404

8.	Related party transactions
	During the year the company made rent payments totaling £24,000 to C.Francis-McDonough, Director. At the year end the company was owed £406,926 by J. Francis - McDonough, in the form of an interest free loan.