PIXSIS_LIMITED - Accounts

PIXSIS LIMITED - Company Information

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Company Registration No. 08554414 (England and Wales)

PIXSIS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

PIXSIS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PIXSIS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

46,667

Tangible assets

1,167

47,834

Current assets

Debtors

269

19,629

Cash at bank and in hand

1,751

269

21,380

Creditors: amounts falling due within one year

(10,006)

(12,264)

Net current (liabilities)/assets

(9,737)

9,116

Total assets less current liabilities

(9,737)

56,950

Creditors: amounts falling due after more than one year

(114,836)

(9,737)

(57,886)

Capital and reserves

Called up share capital

1,000

Profit and loss account

(10,737)

(58,886)

Shareholders' funds

(9,737)

(57,886)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2015

J Wanders

Director

Company Registration No. 08554414

PIXSIS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company meets its day to day working capital requirements through the support of it's ultimate holding company Informanagement Holdings B.V. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support and the loan from Informanagement Holdings B.V.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Straight Line

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2014

50,000

1,256

51,256

Disposals

(50,000)

(1,256)

(51,256)

At 31 December 2014

Depreciation

At 1 January 2014

3,333

3,422

On disposals

(3,333)

(89)

(3,422)

At 31 December 2014

Net book value

At 31 December 2014

At 31 December 2013

46,667

1,167

47,834

PIXSIS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

1,000 Ordinary £1 Shares of £1 each

1,000