VIDEO GAME PRESERVATION MUSEUM CIC

Company limited by guarantee

Company Registration Number:
14224909 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 11 July 2022

End date: 31 July 2023

VIDEO GAME PRESERVATION MUSEUM CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

VIDEO GAME PRESERVATION MUSEUM CIC

Balance sheet

As at 31 July 2023

Notes 13 months to 31 July 2023


£
Current assets
Cash at bank and in hand: 23
Total current assets: 23
Creditors: amounts falling due within one year: 3 ( 1,704 )
Net current assets (liabilities): (1,681)
Total assets less current liabilities: (1,681)
Total net assets (liabilities): (1,681)
Members' funds
Profit and loss account: (1,681)
Total members' funds: ( 1,681)

The notes form part of these financial statements

VIDEO GAME PRESERVATION MUSEUM CIC

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 9 April 2024
and signed on behalf of the board by:

Name: Damien Farnham
Status: Director

The notes form part of these financial statements

VIDEO GAME PRESERVATION MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    Financial instruments Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

VIDEO GAME PRESERVATION MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    13 months to 31 July 2023
    Average number of employees during the period 1

VIDEO GAME PRESERVATION MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Creditors: amounts falling due within one year note

13 months to 31 July 2023
£
Accruals and deferred income 281
Other creditors 1,423
Total 1,704

COMMUNITY INTEREST ANNUAL REPORT

VIDEO GAME PRESERVATION MUSEUM CIC

Company Number: 14224909 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

The company runs Video Game Preservation Museum CIC with the goal to save and preserve historical video game items for future generations and educate companies to be less wasteful.Video Game Preservation Museum CIC was founded in July 2022 to start preserving items correctly, and properly for future generations.For the financial year’s 2022-2023 Video Game Preservation Museum CIC has benefited the community in the following ways. Hereafter known as VGPM for short.VGPM has preserved over 5000 Video Game related items from e-waste since our founding.VGPM now has 7 internet-based volunteers around the world, to aid us in finding new museum pieces to be used for education and exhibits in the future.VGPM has served as an educational resource for game developers and youtube channels. Providing information that’s often not known to the public, to date we have aided in 4 Youtube game history documentaries with a reach of over 5 million views.VGPM has the ability to showcase and present video game hardware that otherwise would stay restricted in a collector's or developer’s hands and as such never seen to the general public.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
9 April 2024

And signed on behalf of the board by:
Name: Damien Farnham
Status: Director