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Company Registration No. 04699716 (England and Wales)
Real Gaming Marketing (RGM) Ltd Unaudited accounts for the year ended 31 October 2023
Real Gaming Marketing (RGM) Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,871 
21,571 
Current assets
Inventories
6,425 
10,414 
Debtors
76,546 
48,265 
Cash at bank and in hand
100,793 
25,499 
183,764 
84,178 
Creditors: amounts falling due within one year
(307,712)
(216,627)
Net current liabilities
(123,948)
(132,449)
Total assets less current liabilities
(108,077)
(110,878)
Creditors: amounts falling due after more than one year
(15,833)
(25,000)
Net liabilities
(123,910)
(135,878)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(124,010)
(135,978)
Shareholders' funds
(123,910)
(135,878)
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 March 2024 and were signed on its behalf by
Mark Reed Director Company Registration No. 04699716
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Real Gaming Marketing (RGM) Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Real Gaming Marketing (RGM) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04699716. The registered office is 1 The Thicket, Church Street, St Ives, Cambridgeshire, PE27 6DG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
At the end of the accounting period, the company was insolvent with net liabilities of £123,910 (2022 £135,978). The accounts have been prepared on a going concern basis due to the continuing support of the director.
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Real Gaming Marketing (RGM) Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
27,500 
599 
28,099 
At 31 October 2023
27,500 
599 
28,099 
Depreciation
At 1 November 2022
6,284 
244 
6,528 
Charge for the year
5,500 
200 
5,700 
At 31 October 2023
11,784 
444 
12,228 
Net book value
At 31 October 2023
15,716 
155 
15,871 
At 31 October 2022
21,216 
355 
21,571 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
63,704 
29,782 
Accrued income and prepayments
135 
68 
Other debtors
12,707 
18,415 
76,546 
48,265 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
204,268 
120,828 
Taxes and social security
9,484 
- 
Other creditors
83,960 
85,799 
307,712 
216,627 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,833 
25,000 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan advanced, no interest is due or unpaid.
9,590 
- 
- 
9,590 
9,590 
- 
- 
9,590 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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