Pixelpot Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08148223 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Pixelpot Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

P P Wilmot

K Mitchell

REGISTERED OFFICE:

Quest House, Suite 2

Ground Floor

125-135 Staines Road

Hounslow

Middlesex

TW3 3JB

REGISTERED NUMBER:

08148223 (England and Wales)

ACCOUNTANTS:

J Aslam

Quest House, Suite 2

125-135 Staines Road

Hounslow

Middlesex

TW3 3JB

FIXED ASSETS

Property, plant and equipment

4

-

1,324

CURRENT ASSETS

Debtors

5

7,376

12,802

Cash at bank

15,004

388

22,380

13,190

CREDITORS

Amounts falling due within one year

6

22,377

13,084

NET CURRENT ASSETS

3

106

TOTAL ASSETS LESS CURRENT LIABILITIES

3

1,430

PROVISIONS FOR LIABILITIES

-

596

NET ASSETS

3

834

CAPITAL AND RESERVES

Called up share capital

7

-

100

Retained earnings

8

3

734

SHAREHOLDERS' FUNDS

3

834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 23 November 2017 and were signed on its behalf by:

P P Wilmot - Director

1.	STATUTORY INFORMATION

Pixelpot 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue 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 - 25% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

At 1 April 2016

and 31 March 2017

6,634

DEPRECIATION

At 1 April 2016

5,310

Charge for year

1,324

At 31 March 2017

6,634

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

1,324

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Directors' current accounts

7,376

12,802

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

1

-

Tax

17,283

12,064

VAT

3,293

-

Other creditors

1,500

-

Accruals and deferred income

300

1,020

22,377

13,084

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

1

-

100

8.

RESERVES

Retained

earnings

£

At 1 April 2016

734

Profit for the year

65,699

Dividends

(66,430

)

At 31 March 2017

3

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed by the director will be paid at the time of signing records or within 9 months of the year end.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages two to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

J Aslam

Quest House, Suite 2

125-135 Staines Road

Hounslow

Middlesex

TW3 3JB

23 November 2017