PIXIELAND (SOUTH WEST) LIMITED

PIXIELAND (SOUTH WEST) LIMITED - Company Information

2021-01-012021-12-312021-12-31false04541081PIXIELAND (SOUTH WEST) LIMITED2022-07-2288910iso4217:GBPxbrli:pure045410812021-01-01045410812021-12-31045410812021-01-012021-12-31045410812019-10-01045410812020-12-31045410812019-10-012020-12-3104541081bus:SmallEntities2021-01-012021-12-3104541081bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3104541081bus:AbridgedAccounts2021-01-012021-12-3104541081bus:PrivateLimitedCompanyLtd2021-01-012021-12-3104541081core:WithinOneYear2021-12-3104541081core:AfterOneYear2021-12-3104541081core:WithinOneYear2020-12-3104541081core:AfterOneYear2020-12-3104541081core:ShareCapital2021-12-3104541081core:SharePremium2021-12-3104541081core:RevaluationReserve2021-12-3104541081core:OtherReservesSubtotal2021-12-3104541081core:RetainedEarningsAccumulatedLosses2021-12-3104541081core:ShareCapital2020-12-3104541081core:SharePremium2020-12-3104541081core:RevaluationReserve2020-12-3104541081core:OtherReservesSubtotal2020-12-3104541081core:RetainedEarningsAccumulatedLosses2020-12-3104541081core:LandBuildings2021-12-3104541081core:PlantMachinery2021-12-3104541081core:Vehicles2021-12-3104541081core:FurnitureFittings2021-12-3104541081core:OfficeEquipment2021-12-3104541081core:NetGoodwill2021-12-3104541081core:IntangibleAssetsOtherThanGoodwill2021-12-3104541081core:ListedExchangeTraded2021-12-3104541081core:UnlistedNon-exchangeTraded2021-12-3104541081core:LandBuildings2020-12-3104541081core:PlantMachinery2020-12-3104541081core:Vehicles2020-12-3104541081core:FurnitureFittings2020-12-3104541081core:OfficeEquipment2020-12-3104541081core:NetGoodwill2020-12-3104541081core:IntangibleAssetsOtherThanGoodwill2020-12-3104541081core:ListedExchangeTraded2020-12-3104541081core:UnlistedNon-exchangeTraded2020-12-3104541081core:LandBuildings2021-01-012021-12-3104541081core:PlantMachinery2021-01-012021-12-3104541081core:Vehicles2021-01-012021-12-3104541081core:FurnitureFittings2021-01-012021-12-3104541081core:OfficeEquipment2021-01-012021-12-3104541081core:NetGoodwill2021-01-012021-12-3104541081core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3104541081core:ListedExchangeTraded2021-01-012021-12-3104541081core:UnlistedNon-exchangeTraded2021-01-012021-12-3104541081core:MoreThanFiveYears2021-01-012021-12-3104541081core:Non-currentFinancialInstruments2021-12-3104541081core:Non-currentFinancialInstruments2020-12-3104541081dpl:CostSales2021-01-012021-12-3104541081dpl:DistributionCosts2021-01-012021-12-3104541081dpl:AdministrativeExpenses2021-01-012021-12-3104541081core:LandBuildings2021-01-012021-12-3104541081core:PlantMachinery2021-01-012021-12-3104541081core:Vehicles2021-01-012021-12-3104541081core:FurnitureFittings2021-01-012021-12-3104541081core:OfficeEquipment2021-01-012021-12-3104541081core:NetGoodwill2021-01-012021-12-3104541081core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3104541081dpl:GroupUndertakings2021-01-012021-12-3104541081dpl:ParticipatingInterests2021-01-012021-12-3104541081dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3104541081core:ListedExchangeTraded2021-01-012021-12-3104541081dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3104541081core:UnlistedNon-exchangeTraded2021-01-012021-12-3104541081dpl:CostSales2019-10-012020-12-3104541081dpl:DistributionCosts2019-10-012020-12-3104541081dpl:AdministrativeExpenses2019-10-012020-12-3104541081core:LandBuildings2019-10-012020-12-3104541081core:PlantMachinery2019-10-012020-12-3104541081core:Vehicles2019-10-012020-12-3104541081core:FurnitureFittings2019-10-012020-12-3104541081core:OfficeEquipment2019-10-012020-12-3104541081core:NetGoodwill2019-10-012020-12-3104541081core:IntangibleAssetsOtherThanGoodwill2019-10-012020-12-3104541081dpl:GroupUndertakings2019-10-012020-12-3104541081dpl:ParticipatingInterests2019-10-012020-12-3104541081dpl:GroupUndertakingscore:ListedExchangeTraded2019-10-012020-12-3104541081core:ListedExchangeTraded2019-10-012020-12-3104541081dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-10-012020-12-3104541081core:UnlistedNon-exchangeTraded2019-10-012020-12-3104541081core:NetGoodwill2021-12-3104541081core:IntangibleAssetsOtherThanGoodwill2021-12-3104541081core:LandBuildings2021-12-3104541081core:PlantMachinery2021-12-3104541081core:Vehicles2021-12-3104541081core:FurnitureFittings2021-12-3104541081core:OfficeEquipment2021-12-3104541081core:AfterOneYear2021-12-3104541081core:WithinOneYear2021-12-3104541081core:ListedExchangeTraded2021-12-3104541081core:UnlistedNon-exchangeTraded2021-12-3104541081core:ShareCapital2021-12-3104541081core:SharePremium2021-12-3104541081core:RevaluationReserve2021-12-3104541081core:OtherReservesSubtotal2021-12-3104541081core:RetainedEarningsAccumulatedLosses2021-12-3104541081core:NetGoodwill2020-12-3104541081core:IntangibleAssetsOtherThanGoodwill2020-12-3104541081core:LandBuildings2020-12-3104541081core:PlantMachinery2020-12-3104541081core:Vehicles2020-12-3104541081core:FurnitureFittings2020-12-3104541081core:OfficeEquipment2020-12-3104541081core:AfterOneYear2020-12-3104541081core:WithinOneYear2020-12-3104541081core:L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Registered Number
04541081
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

PIXIELAND (SOUTH WEST) LIMITED

Company Information
for the year from 1 January 2021 to 31 December 2021


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	04541081 (England and Wales)

PIXIELAND (SOUTH WEST) LIMITED

Balance Sheet as at
31 December 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Tangible assets	6		63,748		58,179
			63,748		58,179
Current assets
Debtors	7	806,130		647,848
Cash at bank and on hand		1,132,710		891,636
		1,938,840		1,539,484
Creditors amounts falling due within one year	8	(711,939)		(557,777)
Net current assets (liabilities)			1,226,901		981,707
Total assets less current liabilities			1,290,649		1,039,886
Provisions for liabilities			(9,544)		(8,014)
Net assets			1,281,105		1,031,872
Capital and reserves
Called up share capital			5		5
Profit and loss account			1,281,100		1,031,867
Shareholders' funds			1,281,105		1,031,872

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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 22 July 2022, and are signed on its behalf by:

Caroline Rose Francis-McDonough
Director
Registered Company No. 04541081

PIXIELAND (SOUTH WEST) LIMITED

Notes to the Financial Statements
for the year ended 31 December 2021

1.	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.

2.	Compliance with applicable reporting framework
	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.

3.	Accounting policies

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

	Intangible assets policy
	Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

	Revenue recognition policy
	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 recognition policy

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.

	Deferred tax policy
	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 policy

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.

	Foreign currency translation and operations policy
	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.

Foreign currency translation and operations policy

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.

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

4.	Employee information


		2021		2020
	Average number of employees during the year	43		42

5.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 21	325,000
	At 31 December 21	325,000
	Amortisation and impairment
	At 01 January 21	325,000
	At 31 December 21	325,000
	Net book value
	At 31 December 21	-
	At 31 December 20	-

6.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 January 21	446,837
	Additions	18,324
	At 31 December 21	465,161
	Depreciation and impairment
	At 01 January 21	388,658
	Charge for year	12,755
	At 31 December 21	401,413
	Net book value
	At 31 December 21	63,748
	At 31 December 20	58,179

7.	Debtors

	2021	2020
	£	£
Other debtors	792,065	637,773
Prepayments and accrued income	14,065	10,075
Total	806,130	647,848

8.	Creditors within one year

	2021	2020
	£	£
Trade creditors / trade payables	3,265	4,662
Taxation and social security	197,679	104,884
Other creditors	507,778	445,528
Accrued liabilities and deferred income	3,217	2,703
Total	711,939	557,777