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REGISTERED NUMBER: 11253858 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Gameworld121 Limited

Gameworld121 Limited (Registered number: 11253858)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gameworld121 Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr John Keeley





REGISTERED OFFICE: 65 Kestrel Road
Moreton
Wirral
CH46 6BW





REGISTERED NUMBER: 11253858 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Gameworld121 Limited (Registered number: 11253858)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 626 782

CURRENT ASSETS
Stocks 5 25,630 28,141
Debtors 6 2,662 2,743
Cash at bank 12,724 17,733
41,016 48,617
CREDITORS
Amounts falling due within one year 7 5,930 13,410
NET CURRENT ASSETS 35,086 35,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,712

35,989

PROVISIONS FOR LIABILITIES 8 119 109
NET ASSETS 35,593 35,880

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 35,592 35,879
SHAREHOLDERS' FUNDS 35,593 35,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Gameworld121 Limited (Registered number: 11253858)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 4 September 2024 and were signed by:





Mr John Keeley - Director


Gameworld121 Limited (Registered number: 11253858)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gameworld121 Limited is a private company, limited by shares , registered in England and Wales. 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.

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 - 20% on 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.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2023 - 1 ) .

Gameworld121 Limited (Registered number: 11253858)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 1,956
DEPRECIATION
At 1 April 2023 1,174
Charge for year 156
At 31 March 2024 1,330
NET BOOK VALUE
At 31 March 2024 626
At 31 March 2023 782

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 25,630 28,141

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
VAT 2,662 2,743

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 4,603 7,386
Other creditors 365 885
Directors' current accounts 249 4,735
Accrued expenses 713 404
5,930 13,410

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 119 109

Deferred
tax
£   
Balance at 1 April 2023 109
Provided during year 10
Balance at 31 March 2024 119

Gameworld121 Limited (Registered number: 11253858)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 April 2023 35,879
Profit for the year 19,713
Dividends (20,000 )
At 31 March 2024 35,592