PIXIELAND (SOUTH WEST) LIMITED

PIXIELAND (SOUTH WEST) LIMITED - Company Information

2022-01-012022-12-312022-12-31false04541081PIXIELAND (SOUTH WEST) LIMITED2023-04-1388910iso4217:GBPxbrli:pure045410812022-01-01045410812022-12-31045410812022-01-012022-12-31045410812021-01-01045410812021-12-31045410812021-01-012021-12-3104541081bus:SmallEntities2022-01-012022-12-3104541081bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3104541081bus:FullAccounts2022-01-012022-12-3104541081bus:PrivateLimitedCompanyLtd2022-01-012022-12-3104541081core:WithinOneYear2022-12-3104541081core:AfterOneYear2022-12-3104541081core:WithinOneYear2021-12-3104541081core:AfterOneYear2021-12-3104541081core:ShareCapital2022-12-3104541081core:SharePremium2022-12-3104541081core:RevaluationReserve2022-12-3104541081core:OtherReservesSubtotal2022-12-3104541081core:RetainedEarningsAccumulatedLosses2022-12-3104541081core:ShareCapital2021-12-3104541081core:SharePremium2021-12-3104541081core:RevaluationReserve2021-12-3104541081core:OtherReservesSubtotal2021-12-3104541081core:RetainedEarningsAccumulatedLosses2021-12-3104541081core:LandBuildings2022-12-3104541081core:PlantMachinery2022-12-3104541081core:Vehicles2022-12-3104541081core:FurnitureFittings2022-12-3104541081core:OfficeEquipment2022-12-3104541081core:NetGoodwill2022-12-3104541081core:IntangibleAssetsOtherThanGoodwill2022-12-3104541081core:ListedExchangeTraded2022-12-3104541081core:UnlistedNon-exchangeTraded2022-12-3104541081core: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:LandBuildings2022-01-012022-12-3104541081core:PlantMachinery2022-01-012022-12-3104541081core:Vehicles2022-01-012022-12-3104541081core:FurnitureFittings2022-01-012022-12-3104541081core:OfficeEquipment2022-01-012022-12-3104541081core:NetGoodwill2022-01-012022-12-3104541081core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3104541081core:ListedExchangeTraded2022-01-012022-12-3104541081core:UnlistedNon-exchangeTraded2022-01-012022-12-3104541081core:MoreThanFiveYears2022-01-012022-12-3104541081core:Non-currentFinancialInstruments2022-12-3104541081core:Non-currentFinancialInstruments2021-12-3104541081dpl:CostSales2022-01-012022-12-3104541081dpl:DistributionCosts2022-01-012022-12-3104541081dpl:AdministrativeExpenses2022-01-012022-12-3104541081core:LandBuildings2022-01-012022-12-3104541081core:PlantMachinery2022-01-012022-12-3104541081core:Vehicles2022-01-012022-12-3104541081core:FurnitureFittings2022-01-012022-12-3104541081core:OfficeEquipment2022-01-012022-12-3104541081core:NetGoodwill2022-01-012022-12-3104541081core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3104541081dpl:GroupUndertakings2022-01-012022-12-3104541081dpl:ParticipatingInterests2022-01-012022-12-3104541081dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3104541081core:ListedExchangeTraded2022-01-012022-12-3104541081dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3104541081core:UnlistedNon-exchangeTraded2022-01-012022-12-3104541081dpl: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-exchangeTraded2021-01-012021-12-3104541081core:NetGoodwill2022-12-3104541081core:IntangibleAssetsOtherThanGoodwill2022-12-3104541081core:LandBuildings2022-12-3104541081core:PlantMachinery2022-12-3104541081core:Vehicles2022-12-3104541081core:FurnitureFittings2022-12-3104541081core:OfficeEquipment2022-12-3104541081core:AfterOneYear2022-12-3104541081core:WithinOneYear2022-12-3104541081core:ListedExchangeTraded2022-12-3104541081core:UnlistedNon-exchangeTraded2022-12-3104541081core:ShareCapital2022-12-3104541081core:SharePremium2022-12-3104541081core:RevaluationReserve2022-12-3104541081core:OtherReservesSubtotal2022-12-3104541081core:RetainedEarningsAccumulatedLosses2022-12-3104541081core: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:NetGoodwill2021-01-0104541081core:IntangibleAssetsOtherThanGoodwill2021-01-0104541081core:LandBuildings2021-01-0104541081core:PlantMachinery2021-01-0104541081core:Vehicles2021-01-0104541081core:FurnitureFittings2021-01-0104541081core:OfficeEquipment2021-01-0104541081core:AfterOneYear2021-01-0104541081core:WithinOneYear2021-01-0104541081core:ListedExchangeTraded2021-01-0104541081core:UnlistedNon-exchangeTraded2021-01-0104541081core:ShareCapital2021-01-0104541081core:SharePremium2021-01-0104541081core:RevaluationReserve2021-01-0104541081core:OtherReservesSubtotal2021-01-0104541081core:RetainedEarningsAccumulatedLosses2021-01-0104541081core:AfterOneYear2022-01-012022-12-3104541081core:WithinOneYear2022-01-012022-12-3104541081core:Non-currentFinancialInstrumentscore:CostValuation2022-01-012022-12-3104541081core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-01-012022-12-3104541081core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-01-012022-12-3104541081core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-01-012022-12-3104541081core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-01-012022-12-3104541081core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-01-012022-12-3104541081core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-01-012022-12-3104541081core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-01-012022-12-3104541081core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-01-012022-12-3104541081core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3104541081core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3104541081core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3104541081core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3104541081core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3104541081core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3104541081core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3104541081core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3104541081core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3104541081core:Non-currentFinancialInstrumentscore:CostValuation2021-12-3104541081core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-12-3104541081core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-12-3104541081core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-12-3104541081core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-12-3104541081core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-12-3104541081core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-12-3104541081core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-12-3104541081core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-12-3104541081bus:Director12022-01-012022-12-3104541081bus:Director22022-01-012022-12-3104541081core:FurnitureFittingsToolsEquipment2021-12-3104541081core:FurnitureFittingsToolsEquipment2022-01-012022-12-3104541081core:FurnitureFittingsToolsEquipment2022-12-31045410811bus:Director12022-01-01045410811bus:Director12022-01-012022-12-31045410811bus:Director12022-12-31045410812022-01-01045410812022-01-012022-12-31045410812022-12-31

Registered Number
04541081
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

PIXIELAND (SOUTH WEST) LIMITED

Company Information
for the year from 1 January 2022 to 31 December 2022


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 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	6		127,453		63,748
			127,453		63,748
Current assets
Debtors	8	953,795		810,039
Cash at bank and on hand		967,486		1,132,710
		1,921,281		1,942,749
Creditors amounts falling due within one year	9	(644,665)		(715,849)
Net current assets (liabilities)			1,276,616		1,226,900
Total assets less current liabilities			1,404,069		1,290,648
Provisions for liabilities	10		(10,328)		(9,544)
Net assets			1,393,741		1,281,104
Capital and reserves
Called up share capital			5		5
Profit and loss account			1,393,736		1,281,099
Shareholders' funds			1,393,741		1,281,104

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 financial statements were approved and authorised for issue by the Board of Directors on 13 April 2023, 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 2022

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:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	15	-
Vehicles	25	-
Office Equipment	-	3

	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.

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

4.	Employee information


		2022		2021
	Average number of employees during the year	42		43

5.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 22	325,000	325,000
At 31 December 22	325,000	325,000
Amortisation and impairment
At 01 January 22	325,000	325,000
At 31 December 22	325,000	325,000
Net book value
At 31 December 22	-	-
At 31 December 21	-	-

6.	Property, plant and equipment

	Land & buildings	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 22	168,249	-	283,012	13,901	465,162
Additions	19,512	75,168	-	1,602	96,282
At 31 December 22	187,761	75,168	283,012	15,503	561,444
Depreciation and impairment
At 01 January 22	168,000	-	221,784	11,630	401,414
Charge for year	3,690	18,793	9,182	912	32,577
At 31 December 22	171,690	18,793	230,966	12,542	433,991
Net book value
At 31 December 22	16,071	56,375	52,046	2,961	127,453
At 31 December 21	249	-	61,228	2,271	63,748

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Caroline Rose Francis-McDonough	(30,238)	200,265	12,386	157,641
	(30,238)	200,265	12,386	157,641

8.	Debtors

	2022	2021
	£	£
Other debtors	939,131	795,974
Prepayments and accrued income	14,664	14,065
Total	953,795	810,039

9.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	5,952	7,851
Taxation and social security	101,631	100,179
Other creditors	534,382	604,603
Accrued liabilities and deferred income	2,700	3,216
Total	644,665	715,849

10.	Provisions for liabilities

	2022	2021
	£	£
Net deferred tax liability (asset)	10,328	9,544
Total	10,328	9,544