Pixel Personnel Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11634311 (England and Wales)

Unaudited Financial Statements

for the Period 22nd October 2018 to 31st October 2019

for

Pixel Personnel Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D P Morgan

C S Morgan

M Thompson

REGISTERED OFFICE:

2 Harforde Court

John Tate Road

Hertford

Hertfordshire

SG13 7NW

REGISTERED NUMBER:

11634311 (England and Wales)

ACCOUNTANTS:

Warner & Co Accountants Limited

First Floor Extension

Widbury Barns

Widbury Hill

Ware

Hertfordshire

SG12 7QE

FIXED ASSETS

Tangible assets

4

720

CURRENT ASSETS

Debtors

66,861

Cash at bank

10,793

77,654

CREDITORS

Amounts falling due within one year

118,828

NET CURRENT LIABILITIES

(41,174

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(40,454

)

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

(40,554

)

SHAREHOLDERS' FUNDS

(40,454

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st October 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31st October 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14th May 2020 and were signed on its behalf by:

M Thompson - Director

1.	STATUTORY INFORMATION

Pixel Personnel 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.

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.

Accounts have been prepared on the going concern basis despite the balance sheet showing an insolvent position

at the year end date. Net liabilities as at 31st October 2019 were £40,454.

The directors are confident that given that the business is trading profitably and that the company has the support

of the directors, this therefore supports the view that the company remains a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

Taxation

Taxation for the period 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 balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,080

At 31st October 2019

1,080

DEPRECIATION

Charge for period

360

At 31st October 2019

360

NET BOOK VALUE

At 31st October 2019

720

5.	SECURED DEBTS

The following secured debts are included within creditors:

£

Factoring advances

14,306

Included in other creditors are factoring advances secured by a mortgage debenture over the company's assets in

favour of 4Syte Ltd (as security trustee and security agent).

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31st October 2019:

£

M Thompson

Balance outstanding at start of period

-

Amounts advanced

2,386

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

2,386

Mr M Thompson a director of the company was advanced an interest free loan in the period of £2,386