Registration number:
Pigment Global Limited
for the Year Ended 31 January 2025
Pigment Global Limited
Contents
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Company Information |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
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Detailed Profit and Loss Account |
Pigment Global Limited
Company Information
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Directors |
R Niccoli E Crespo |
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Registered office |
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Bankers |
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Auditors |
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Accountants |
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Pigment Global Limited
Directors' Report for the Year Ended 31 January 2025
The directors present their report and the financial statements for the year ended 31 January 2025.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is software development.
Political donations
During the period the Company did not make any political donations (2024: nil).
Important events after the financial period
There are no significant adjusting or non-adjusting events after the financial report to report.
Disclosure of information to the auditors
In accordance with Section 418 of the Companies Act 2006, each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Auditors
Pursuant to Section 485 of the Companies Act 2006, Baker Tilly Ireland Audit Limited have been appointed and are therefore in office as auditors.
Approved and authorised by the
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......................................... |
Pigment Global Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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• |
select suitable accounting policies and apply them consistently; |
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• |
make judgements and accounting estimates that are reasonable and prudent; |
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• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Pigment Global Limited
Independent Auditor's Report to the Members of Pigment Global Limited
Opinion
We have audited the financial statements of Pigment Global Limited (the 'company') for the year ended 31 January 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Pigment Global Limited
Independent Auditor's Report to the Members of Pigment Global Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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• |
the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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• |
the Directors' Report has been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit; or |
• | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 3], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Pigment Global Limited
Independent Auditor's Report to the Members of Pigment Global Limited
Performing analytical procedures to identify any unusual or unexpected relationship that may be indicate risk of a material misstatement due to fraud or error.
Enquiring of management concerning actual and potential claims that may be indicate risk of a material misstatement due to fraud or error.
Enquiring of management concerning actual and potential claims or instances of fraud or theft:
Reviewing correspondence with HMRC, and the company's legal advisors.
In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are indicative of a potential bias and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as the body, for our audit work, for this report, or for the opinions we have formed. The report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matter we required to state to them in a Report of the Auditors and for no other purpose.
Further information regarding the scope of our responsibilities as auditor
As part of an audit in accordance with ISAs (Ireland), we exercise professional judgement and maintain professional; scepticism throughout the audit. We also:
Identify and assess the risk of material misstatements of the financial statements, whether due to fraud or error, design and perform audit responsive to those risk, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting as material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,forgery,international omissions, misrepresentations, or the override of internal control.
......................................
For and on behalf of
Chartered Certified Accountants and Statutory Auditors
9 Exchange Place
International Financial Service Centre
Pigment Global Limited
Profit and Loss Account for the Year Ended 31 January 2025
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Note |
31 January |
1 January 2023 to |
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Turnover |
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|
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Gross profit |
|
|
|
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Administrative expenses |
( |
( |
|
|
Operating profit |
430,092 |
452,705 |
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|
Other interest receivable and similar income |
|
- |
|
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Interest payable and similar expenses |
( |
( |
|
|
(277,960) |
(204,208) |
||
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Profit before tax |
|
|
|
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Profit for the financial year |
|
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Pigment Global Limited
Statement of Comprehensive Income for the Year Ended 31 January 2025
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31 January |
31 January |
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Profit for the year |
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Total comprehensive income for the year |
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Pigment Global Limited
(Registration number: 12543942)
Balance Sheet as at 31 January 2025
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Note |
31 January |
31 January |
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Fixed assets |
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Tangible assets |
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Debtors |
- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
|
( |
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Total assets less current liabilities |
|
( |
|
|
Creditors: Amounts falling due after more than one year |
( |
- |
|
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Net liabilities |
( |
( |
|
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Capital and reserves |
|||
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Called up share capital |
1 |
1 |
|
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Retained earnings |
(138,161) |
(290,293) |
|
|
Shareholders' deficit |
(138,160) |
(290,292) |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Pigment Global Limited
Statement of Changes in Equity for the Year Ended 31 January 2025
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Share capital |
Retained earnings |
Total |
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At 1 February 2024 |
|
( |
( |
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Profit for the year |
- |
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At 31 January 2025 |
|
( |
( |
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Share capital |
Retained earnings |
Total |
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At 1 January 2023 |
|
( |
( |
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Profit for the year |
- |
|
|
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At 31 January 2024 |
1 |
(290,293) |
(290,292) |
Pigment Global Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
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General information |
Pigment Global Limited is a private company, limited by shares, registered in England. 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 (£).
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Pigment Global Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Critical accouting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates..
Adjusting events after the financial period
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There are no significant adjusting or non-adjusting events after the financial period to report. |
Financial instruments
Classification
Recognition and measurement
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company’s cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Pigment Global Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
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Plant and machinery |
33% straight line method |
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Furniture and fittings |
10% straight line method |
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.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Debtors receivable after more than one year
Debtors with no stated interest rate and receivable after more than one year are recorded at transaction price as a non-current asset. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Debtors receivable within one year
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Creditors payable within one year
Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Pigment Global Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Share capital
Ordinary shares are classified as equity. 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.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Share based payments
The Group operates an equity-settled, share based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period.
Disclosure of long or short period
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Pigment Global Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Profit before tax |
Arrived at after charging/(crediting)
|
31 January |
31 January |
|
|
Depreciation expense |
|
|
|
Taxation |
Factors that may affect future tax charges include the trading tax losses carried forward from the period ended 31 January 2025 totalling £1,155,213, which may reduce the Company's tax liability on profits generated from the same trade in future periods.
|
Tangible assets |
|
Furniture, fittings and equipment |
Total |
|
|
Cost or valuation |
||
|
At 1 February 2024 |
|
|
|
Additions |
|
|
|
Disposals |
( |
( |
|
At 31 January 2025 |
|
|
|
Depreciation |
||
|
At 1 February 2024 |
|
|
|
Charge for the year |
|
|
|
Eliminated on disposal |
( |
( |
|
At 31 January 2025 |
|
|
|
Carrying amount |
||
|
At 31 January 2025 |
|
|
|
At 31 January 2024 |
|
|
|
Debtors |
|
Current |
31 January |
31 January |
|
Prepayments |
|
|
|
Other debtors |
|
|
|
|
|
Pigment Global Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Non-current |
Note |
31 January |
31 January |
|
Amounts owed by related parties |
- |
|
|
|
- |
|
|
Creditors |
Creditors: amounts falling due within one year
|
31 January |
31 January |
|
|
Due within one year |
||
|
Trade creditors |
|
|
|
Taxation and social security |
|
|
|
Accruals and deferred income |
|
|
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Other creditors |
|
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|
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|
Trade and other creditors are payable at various dates over the coming months in accordance with the suppliers' usual and customary credit terms.
Taxes including social insurance are repayable at various dates over the coming months in accordance with the applicable statutory provisions.
The term of the accruals and deferred income are based on the underlying contracts.
Creditors: amounts falling due after more than one year
|
31 January |
31 January |
|
|
Due after one year |
||
|
Amounts owed to group undertakings |
|
- |
Details of non-current trade and other liabilities
£2,577,946 (2024: £336,114 debit balance) of amounts owed to group undertakings is classified as non current. This comprises of a mutual loan between the Company and the parent company, Pigment SAS, which is interest bearing based on the current French interest rate. There is no pre-determined repayment date.
Pigment Global Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
31 January |
31 January |
|
|
Not later than one year |
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2024 - £Nil).
|
Share capital |
Allotted, called up and fully paid shares
|
31 January |
31 January |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary of £1 each |
1 |
1 |
1 |
1 |
|
Going concern |
Management has assessed the appropriateness of preparing the financial statements of Pigment Global Limited on a going concern basis. The Company continues to operate with sufficient resources to meet its obligations as they fall due. Looking forward and based on current plans and forecasts, the Company expects to maintain adequate funding and operational capacity to support ongoing activities for at least the next 12 months. On this basis, management considers it appropriate to prepare the financial statements on a going concern basis.
|
Share based payments |
Pigment SAS has share option schemes which are open to employees of the Company at the discretion of the President. The schemes are either tax-advantaged discretionary share option plan or non-tax advantaged discretionary share option plan under which Pigment SAS may grant share options of Pigment SAS to employees if certain conditions are met.
The schemes all include time-based vesting conditions pursuant to which the only vesting requirement is that the option holder remains in employment with the Group for a certain duration of time. The share options may be exercised from the date that they vest until either (x) 3 months after the option holder ceases employment or (y) the 10th anniversary of the date of the grant.
The movements in the number of share options during the year were as follows:
Pigment Global Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
1 Feb 2024 - 31 Jan 2025 |
1 Jan 2023 - 31 Jan 2024 |
||
|
Number |
Number |
||
|
Outstanding, start of period |
3,300,318 |
1,724,718 |
|
|
Granted during the period |
449,481 |
1,753,657 |
|
|
Forfeited during the period |
164,469 |
30,313 |
|
|
Exercised during the period |
534,667 |
147,744 |
|
|
Outstanding, end of period |
3,050,663 |
3,300,318 |
Share options granted in the period 1 January 2024 to 31 January 2025 used the following relevant exercise prices:
|
Name of plan |
Transaction date |
Amount granted |
Exercise price |
|
Options 2024-1 (UK) |
11 March 2024 |
277,981 |
€1,49 |
|
Options 2024-2 (UK) |
18 March 2024 |
1,000 |
€1,49 |
|
Share Option Plan 2024-3 (UK) - CSOP |
30 September 2024 |
170,500 |
€2.18 |
The total expense recognised in profit or loss for the period was £645,767 (2024: £1,087,608).
The cumulative amount of £1,468,280 (2024: £1,585,605) being the total amount charged to profit or loss in respect of employee share option arrangements that have not yet been settled by awarding shares to individuals, less the reversal of the provision relating to exercised options form part of the loan due from the parent company, Pigment SAS, and as such is recognised as a non-current asset (as specified in note 8 ).
|
Related party transactions |
The Company has taken advantage of the exemption in Section 33.1A of FRS 102 Related Party Transactions, from disclosing transactions with other members of the Group.
|
Parent and ultimate parent undertaking |
The Company's immediate parent is Pigment SAS (formerly known as Strana SAS), incorporated in France.
Pigment Global Limited
Detailed Profit and Loss Account for the Year Ended 31 January 2025
|
Year ended 31 January 2025 |
1 January 2023 to 31 January 2024 |
|
|
Turnover (analysed below) |
11,460,369 |
9,595,522 |
|
Gross profit (%) |
100% |
100% |
|
Administrative expenses |
||
|
Employment costs (analysed below) |
(9,386,011) |
(8,230,965) |
|
Establishment costs (analysed below) |
(440,626) |
(413,697) |
|
General administrative expenses (analysed below) |
(1,141,223) |
(449,116) |
|
Finance charges (analysed below) |
(8,776) |
(14,476) |
|
Depreciation costs (analysed below) |
(53,641) |
(34,563) |
|
(11,030,277) |
(9,142,817) |
|
|
Operating profit |
430,092 |
452,705 |
|
Other interest receivable and similar income (analysed below) |
3,551 |
- |
|
Interest payable and similar charges (analysed below) |
(281,511) |
(204,208) |
|
(277,960) |
(204,208) |
|
|
Profit before tax |
152,132 |
248,497 |
Pigment Global Limited
Detailed Profit and Loss Account for the Year Ended 31 January 2025
|
31 January |
31 January |
|
Turnover |
||
|
Sales |
11,460,369 |
9,595,522 |
|
Employment costs |
||
|
Wages and salaries (excluding directors) |
(7,217,103) |
(6,053,436) |
|
Staff NIC (Employers) |
(1,066,316) |
(763,813) |
|
Staff pensions (Defined contribution) |
(209,699) |
(150,308) |
|
Life insurance |
(59,936) |
(47,146) |
|
Medical insurance |
(144,502) |
(92,302) |
|
Recruitment costs |
(23,250) |
(30,626) |
|
Share option charge |
(645,767) |
(1,087,607) |
|
Staff training |
(16,535) |
(2,020) |
|
Staff welfare |
(2,903) |
(3,707) |
|
(9,386,011) |
(8,230,965) |
|
Establishment costs |
||
|
Rent |
(440,626) |
(413,697) |
|
General administrative expenses |
||
|
Telephone and fax |
(4,537) |
(3,250) |
|
Office expenses |
(8,919) |
(6,582) |
|
Computer software and maintenance costs |
(8,561) |
(18,773) |
|
Travel and subsistence |
(203,873) |
(115,288) |
|
Advertising |
(3,044) |
(17,785) |
|
Promotional expenses |
- |
(9,568) |
|
Events and conferences |
(367,177) |
(151,290) |
|
Entertaining |
(56,163) |
(55,931) |
|
Accountancy fees |
(46,355) |
(12,830) |
|
Consulting |
(15,925) |
(3,571) |
|
Management fees |
(318,743) |
- |
|
Insurance |
(6,861) |
(3,667) |
|
Legal and professional fees |
(101,065) |
(50,581) |
|
(1,141,223) |
(449,116) |
|
Finance charges |
||
|
Bank charges |
(8,776) |
(14,476) |
|
Depreciation costs |
||
|
Depreciation |
(53,641) |
(34,563) |
|
Other interest receivable and similar income |
||
|
Other interest receivable |
3,551 |
- |
Pigment Global Limited
Detailed Profit and Loss Account for the Year Ended 31 January 2025
|
31 January |
31 January |
|
Interest payable and similar expenses |
||
|
Other loan interest |
(279,632) |
(186,538) |
|
Other interest payable |
(100) |
(2,406) |
|
Foreign currency (gains)/losses |
(1,779) |
(15,264) |
|
(281,511) |
(204,208) |