PixelRain Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08326348 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

PixelRain Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G M Batty

R Stephens

REGISTERED OFFICE:

Tremough Innovation Centre

Office S015

Penryn

Cornwall

TR10 9TA

REGISTERED NUMBER:

08326348 (England and Wales)

FIXED ASSETS

Tangible assets

4

35,680

24,676

CURRENT ASSETS

Debtors

7,035

3,075

Cash at bank

68,567

76,602

75,602

79,677

CREDITORS

Amounts falling due within one year

25,553

21,635

NET CURRENT ASSETS

50,049

58,042

TOTAL ASSETS LESS CURRENT LIABILITIES

85,729

82,718

CREDITORS

Amounts falling due after more than one year

(60

)

(3,790

)

PROVISIONS FOR LIABILITIES

(6,779

)

(4,688

)

NET ASSETS

78,890

74,240

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

78,860

74,210

SHAREHOLDERS' FUNDS

78,890

74,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Statement of Financial Position for the year ended 31 December 2022 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 and authorised for issue on 8 September 2023 and were signed on its behalf by:

G M Batty - Director

1.	STATUTORY INFORMATION

PixelRain Limited 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.

Turnover

Turnover represents net invoiced sales of goods and services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

20% on reducing balance

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2022

52,086

Additions

19,988

Disposals

(375

)

At 31 December 2022

71,699

DEPRECIATION

At 1 January 2022

27,410

Charge for year

8,921

Eliminated on disposal

(312

)

At 31 December 2022

36,019

NET BOOK VALUE

At 31 December 2022

35,680

At 31 December 2021

24,676