IRIS Accounts Production v23.3.1.45 SC505990 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false false true false Ordinary 126.59000 B Ordinary Shares 1.60000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5059902022-05-31SC5059902023-05-31SC5059902022-06-012023-05-31SC5059902021-05-31SC5059902021-06-012022-05-31SC5059902022-05-31SC505990ns10:Originalns15:Scotland2022-06-012023-05-31SC505990ns14:PoundSterlingns10:Original2022-06-012023-05-31SC505990ns10:Originalns10:Director12022-06-012023-05-31SC505990ns10:Original2022-06-012023-05-31SC505990ns10:Original2023-05-31SC505990ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-31SC505990ns10:Originalns10:SmallEntities2022-06-012023-05-31SC505990ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-31SC505990ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-31SC505990ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-31SC505990ns10:Originalns10:FullAccounts2022-06-012023-05-31SC505990ns10:Original12022-06-012023-05-31SC505990ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-31SC505990ns10:Originalns10:OrdinaryShareClass22022-06-012023-05-31SC505990ns10:Originalns10:Director22022-06-012023-05-31SC505990ns10:Originalns10:RegisteredOffice2022-06-012023-05-31SC505990ns10:Original2022-05-31SC505990ns10:Originalns5:CurrentFinancialInstruments2023-05-31SC505990ns10:Originalns5:CurrentFinancialInstruments2022-05-31SC505990ns5:ShareCapitalns10:Original2023-05-31SC505990ns5:ShareCapitalns10:Original2022-05-31SC505990ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-31SC505990ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-31SC505990ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-012023-05-31SC505990ns10:Originalns5:ComputerSoftware2022-06-012023-05-31SC505990ns10:Originalns5:ComputerEquipment2022-06-012023-05-31SC505990ns10:Original2021-06-012022-05-31SC505990ns10:Originalns5:ComputerSoftware2022-05-31SC505990ns10:Originalns5:ComputerSoftware2023-05-31SC505990ns10:Originalns5:ComputerSoftware2022-05-31SC505990ns10:Originalns5:ComputerEquipment2022-05-31SC505990ns10:Originalns5:ComputerEquipment2023-05-31SC505990ns10:Originalns5:ComputerEquipment2022-05-31SC505990ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31SC505990ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31SC505990ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-05-31SC505990ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-05-31SC505990ns10:Originalns10:OrdinaryShareClass12023-05-31SC505990ns10:Originalns10:OrdinaryShareClass22023-05-31SC505990ns10:Original1ns10:Director12022-05-31SC505990ns10:Original1ns10:Director12021-05-31SC505990ns10:Original1ns10:Director12022-06-012023-05-31SC505990ns10:Original1ns10:Director12021-06-012022-05-31SC505990ns10:Original1ns10:Director12023-05-31SC505990ns10:Original1ns10:Director12022-05-31SC505990ns10:Originalns10:Director222022-05-31SC505990ns10:Originalns10:Director222021-05-31SC505990ns10:Originalns10:Director222022-06-012023-05-31SC505990ns10:Originalns10:Director222021-06-012022-05-31SC505990ns10:Originalns10:Director222023-05-31SC505990ns10:Originalns10:Director222022-05-31
REGISTERED NUMBER: SC505990 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

METHOD GAMING LIMITED

METHOD GAMING LIMITED (REGISTERED NUMBER: SC505990)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


METHOD GAMING LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: S A McMillan
S Steffens





REGISTERED OFFICE: 272 Bath Street
Glasgow
G2 4JR





REGISTERED NUMBER: SC505990 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

METHOD GAMING LIMITED (REGISTERED NUMBER: SC505990)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 63,737 79,405
Tangible assets 5 14,934 20,243
78,671 99,648

CURRENT ASSETS
Stocks 10,076 10,859
Debtors 6 337,269 207,188
Cash at bank 44,010 31,793
391,355 249,840
CREDITORS
Amounts falling due within one year 7 214,136 94,423
NET CURRENT ASSETS 177,219 155,417
TOTAL ASSETS LESS CURRENT LIABILITIES 255,890 255,065

CAPITAL AND RESERVES
Called up share capital 8 129 129
Retained earnings 255,761 254,936
SHAREHOLDERS' FUNDS 255,890 255,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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 14 February 2024 and were signed on its behalf by:





S A McMillan - Director


METHOD GAMING LIMITED (REGISTERED NUMBER: SC505990)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Method Gaming Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance and 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 June 2022
and 31 May 2023 91,888
AMORTISATION
At 1 June 2022 12,483
Amortisation for year 15,668
At 31 May 2023 28,151
NET BOOK VALUE
At 31 May 2023 63,737
At 31 May 2022 79,405

METHOD GAMING LIMITED (REGISTERED NUMBER: SC505990)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 37,382
DEPRECIATION
At 1 June 2022 17,139
Charge for year 5,309
At 31 May 2023 22,448
NET BOOK VALUE
At 31 May 2023 14,934
At 31 May 2022 20,243

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 142,613 15,744
Amounts recoverable on contract - (27,363 )
Other debtors 145,004 166,737
287,617 155,118

Amounts falling due after more than one year:
Other debtors 49,652 52,070

Aggregate amounts 337,269 207,188

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 25,757 4,194
Taxation and social security 22,308 2,164
Other creditors 166,071 88,065
214,136 94,423

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
12,659 Ordinary 126.5 9 127 127
160 B Ordinary Shares 1.60 2 2
129 129

METHOD GAMING LIMITED (REGISTERED NUMBER: SC505990)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
S A McMillan
Balance outstanding at start of year (6,613 ) 687
Amounts advanced - (7,300 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,613 ) (6,613 )

S Steffens
Balance outstanding at start of year (1,358 ) (1,276 )
Amounts advanced - (82 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,358 ) (1,358 )

10. RELATED PARTY DISCLOSURES

MethodSco Ltd is a company under common control of a director. At the year end Methodsco Ltd owed £nil to Method Gaming Limited. (2022 £1,356).

Method Gaming LLC is a company under common control of a director. At the end of the year Method Gaming LLC owed Method Gaming £49,652. (2022 £47,879)