REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 30 JUNE 2023 |
FOR |
MARTINS REEL GAMES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 30 JUNE 2023 |
FOR |
MARTINS REEL GAMES LIMITED |
MARTINS REEL GAMES LIMITED (REGISTERED NUMBER: 02801485) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 30 JUNE 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
MARTINS REEL GAMES LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 APRIL 2022 TO 30 JUNE 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Fenice Court |
Phoenix Business Park |
Eaton Socon |
St. Neots |
Cambridgeshire |
PE19 8EP |
BANKERS: |
5 High Street |
St. Neots |
Cambridgeshire |
PE19 1DE |
MARTINS REEL GAMES LIMITED (REGISTERED NUMBER: 02801485) |
STATEMENT OF FINANCIAL POSITION |
30 JUNE 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
MARTINS REEL GAMES LIMITED (REGISTERED NUMBER: 02801485) |
STATEMENT OF FINANCIAL POSITION - continued |
30 JUNE 2023 |
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 |
MARTINS REEL GAMES LIMITED (REGISTERED NUMBER: 02801485) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 30 JUNE 2023 |
1. | STATUTORY INFORMATION |
Martins Reel Games Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The principal accounting policies adopted in these financial statements have remained unchanged from the previous year, and have therefore been consistently applied. |
Significant judgements and estimates |
The preparation of the financial statements require management to make judgements,estimates and assumptions that affect the amounts reported for revenues and expenses during the year. However, the nature of estimates means that the actual outcomes could differ from those estimates. There are no judgements (apart from those involving estimates for depreciation, doubtful debt provisions, and stock provisions) that have had a significant effect on amounts recognised in the financial statements. |
Revenue |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue is recognised to the extent that it is probable that the economic benefit will flow to the Company and the revenue can be reliably measured. The following criteria must also be met before revenue is recognised: |
Supply of goods and repairs of machinery |
Revenue is recognised when goods and services are sold and delivered. |
Machine takings |
Revenue is recognised at point of collection from the machine |
Machine rental Income |
Rental income is recognised for the period in which it relates to. |
MARTINS REEL GAMES LIMITED (REGISTERED NUMBER: 02801485) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2022 TO 30 JUNE 2023 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Repairs and maintenance of assets are charged to the Statement of comprehensive income during the period in which they are incurred. |
Depreciation is charged so as to allocate the cost or valuation of assets less their residual value, over their estimated useful lives on the following basis: |
Plant and machinery - 50% and 25% on cost. |
Fixtures and fittings - at variable rates on reducing balance. |
Computers - 33.3% on cost. |
Motor vehicles - 25% on reducing balance. |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income. |
MARTINS REEL GAMES LIMITED (REGISTERED NUMBER: 02801485) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2022 TO 30 JUNE 2023 |
2. | ACCOUNTING POLICIES - continued |
Current and deferred taxation |
The tax expense for the year comprises of current and deferred tax and is recognised in the Statement of comprehensive income. |
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
The current tax creditor is recognised in creditors within the balance sheet. |
Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, expect that: |
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; |
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowance have been met. |
Deferred tax balances are not recognised in respect of permanent differences. |
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 tax rates and laws that have been enacted or substantively enacted by the yearperiod end and that are expected to apply to the reversal of the timing difference. |
Deferred tax is presented within provisions for liabilities at the balance sheet date.Taxation for the period 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. |
Creditors |
Short term creditors are measured at transaction price. |
Debtors |
Short term debtors are measured at transaction price, less impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
MARTINS REEL GAMES LIMITED (REGISTERED NUMBER: 02801485) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2022 TO 30 JUNE 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2022 |
Additions |
Disposals | ( |
) |
At 30 June 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for period |
Eliminated on disposal | ( |
) |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 31 March 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |