| The Pixel Farm Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Equipment |
33⅓% straight line |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits. No provision for deferred tax has been made since the director is of the opinion that no liability will crystallise in the foreseeable future. |
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Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
4 |
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| 3 |
Tangible fixed assets |
|
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|
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|
|
Equipment |
| £ |
|
Cost |
|
At 1 January 2025 |
105,751 |
|
Additions |
6,689 |
|
Disposals |
(48,837) |
|
At 31 December 2025 |
63,603 |
|
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|
|
|
|
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|
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Depreciation |
|
At 1 January 2025 |
101,016 |
|
Charge for the year |
3,933 |
|
On disposals |
(48,192) |
|
At 31 December 2025 |
56,757 |
|
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|
|
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|
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Net book value |
|
At 31 December 2025 |
6,846 |
|
At 31 December 2024 |
4,735 |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
3,811 |
|
2,607 |
|
Other debtors |
22,906 |
|
13,374 |
|
|
|
|
|
|
26,717 |
|
15,981 |
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|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
73,593 |
|
18,956 |
|
Other creditors |
22,234 |
|
28,105 |
|
|
|
|
|
|
95,827 |
|
47,061 |
|
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| 6 |
Other information |
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The Pixel Farm Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Orchard Corner |
|
Freight Lane |
|
Cranbrook |
|
TN17 3PF |