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Company Registration No. 11451338 (England and Wales)
GAMESWISE LTD Unaudited accounts for the year ended 31 July 2023
GAMESWISE LTD Unaudited accounts Contents
Page
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GAMESWISE LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
9,189 
33,962 
Cash at bank and in hand
5,905 
14,626 
15,094 
48,588 
Creditors: amounts falling due within one year
(20,590)
(48,585)
Net current (liabilities)/assets
(5,496)
3 
Net (liabilities)/assets
(5,496)
3 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(5,498)
1 
Shareholders' funds
(5,496)
3 
For the year ending 31 July 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 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 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 of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Colin Bell Director Company Registration No. 11451338
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GAMESWISE LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
GAMESWISE LTD is a private company, limited by shares, registered in England and Wales, registration number 11451338. The registered office is 338 UPTON LANE, WIDNES, WA8 9AG, UNITED KINGDOM.
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.
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:
Computer equipment
2 or 3 year straight line depreciation
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
3,943 
At 31 July 2023
3,943 
Depreciation
At 1 August 2022
3,943 
At 31 July 2023
3,943 
Net book value
At 31 July 2023
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,200 
1,440 
Other debtors
7,989 
32,522 
9,189 
33,962 
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GAMESWISE LTD Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
14,725 
19,925 
VAT
551 
1,204 
Taxes and social security
(211)
26,926 
Other creditors
(69)
(70)
Loans from directors
4,394 
- 
Accruals
1,200 
600 
20,590 
48,585 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Colin Bell
12,266 
- 
- 
12,266 
Jacqueline Bell
12,266 
- 
- 
12,266 
24,532 
- 
- 
24,532 
The above loans are unsecured, interest free and repayable on demand
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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