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REGISTERED NUMBER: 06393701 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28th February 2023

for

Gaming Direct Limited

Gaming Direct Limited (Registered number: 06393701)






Contents of the Financial Statements
for the year ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gaming Direct Limited

Company Information
for the year ended 28th February 2023







DIRECTOR: Mr K Hinds





REGISTERED OFFICE: Unit 3
Birley Trading Estate
Birley Street
Blackburn
Lancashire
BB1 5DN





REGISTERED NUMBER: 06393701 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Gaming Direct Limited (Registered number: 06393701)

Balance Sheet
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 361 350

CURRENT ASSETS
Debtors 5 121,037 112,442
Cash at bank and in hand 35,183 35,760
156,220 148,202
CREDITORS
Amounts falling due within one year 6 138,325 119,266
NET CURRENT ASSETS 17,895 28,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,256

29,286

CREDITORS
Amounts falling due after more than one
year

7

62,007

89,838
NET LIABILITIES (43,751 ) (60,552 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (43,752 ) (60,553 )
SHAREHOLDERS' FUNDS (43,751 ) (60,552 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gaming Direct Limited (Registered number: 06393701)

Balance Sheet - continued
28th February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st November 2023 and were signed by:





Mr K Hinds - Director


Gaming Direct Limited (Registered number: 06393701)

Notes to the Financial Statements
for the year ended 28th February 2023

1. STATUTORY INFORMATION

Gaming Direct 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 services provided, excluding value added tax.

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 etc - 15% 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 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.

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.

Going concern
In March 2020, the UK entered into a nationwide lockdown as a result of the global pandemic COVID-19 and many companies have experienced trading difficulties as a result.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Gaming Direct Limited (Registered number: 06393701)

Notes to the Financial Statements - continued
for the year ended 28th February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022 3,168
Additions 75
At 28th February 2023 3,243
DEPRECIATION
At 1st March 2022 2,818
Charge for year 64
At 28th February 2023 2,882
NET BOOK VALUE
At 28th February 2023 361
At 28th February 2022 350

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,996 39,355
Other debtors 70,041 73,087
121,037 112,442

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,817 35,817
Trade creditors 39,417 29,024
Taxation and social security 19,755 14,678
Other creditors 43,336 39,747
138,325 119,266

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 62,007 89,838

8. LEASING AGREEMENTS
The company has annual property lease commitments of £31,099 that expire in March 2026.

The company has annual lease commitments of £68,304 that expire between May 2023 and September 2027.

Gaming Direct Limited (Registered number: 06393701)

Notes to the Financial Statements - continued
for the year ended 28th February 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Invoice discounting 40,373 33,547

The invoice discounting facility provided is secured by a fixed and floating charge over the assets of the company.

No security has been provided by the company in respect of the bank loans. £58,392 of the bank loans have been secured by a personal guarantee from the director (2022 - £75,338).

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th February 2023 and 28th February 2022:

2023 2022
£    £   
Mr K Hinds
Balance outstanding at start of year 46,028 41,514
Amounts advanced 3,647 4,514
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,675 46,028

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Hinds.