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REGISTERED NUMBER: 11795670 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

NEWFANGLED GAMES LTD

NEWFANGLED GAMES LTD (REGISTERED NUMBER: 11795670)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWFANGLED GAMES LTD

Company Information
for the year ended 31 January 2024







DIRECTORS: H J Hoffman
F J Hoffman





REGISTERED OFFICE: 88 Rosebery Road
Norwich
NR3 3NA





REGISTERED NUMBER: 11795670 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

NEWFANGLED GAMES LTD (REGISTERED NUMBER: 11795670)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 11,030 -
Tangible assets 5 6,461 5,420
17,491 5,420

CURRENT ASSETS
Debtors 6 138,935 100,000
Cash at bank 159,007 149,919
297,942 249,919
CREDITORS
Amounts falling due within one year 7 (13,737 ) (33,160 )
NET CURRENT ASSETS 284,205 216,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,696

222,179

PROVISIONS FOR LIABILITIES 8 (1,615 ) (1,355 )
NET ASSETS 300,081 220,824

CAPITAL AND RESERVES
Called up share capital 9 2,215 2,215
Share premium 137,405 137,405
Retained earnings 160,461 81,204
SHAREHOLDERS' FUNDS 300,081 220,824

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

NEWFANGLED GAMES LTD (REGISTERED NUMBER: 11795670)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





H J Hoffman - Director


NEWFANGLED GAMES LTD (REGISTERED NUMBER: 11795670)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Newfangled Games Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue from publisher advances is recognised as contract activity progresses and milestones are met. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten 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 - straight line over 3 years

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

NEWFANGLED GAMES LTD (REGISTERED NUMBER: 11795670)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 12,256
At 31 January 2024 12,256
AMORTISATION
Charge for year 1,226
At 31 January 2024 1,226
NET BOOK VALUE
At 31 January 2024 11,030

NEWFANGLED GAMES LTD (REGISTERED NUMBER: 11795670)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023 10,423
Additions 5,621
At 31 January 2024 16,044
DEPRECIATION
At 1 February 2023 5,003
Charge for year 4,580
At 31 January 2024 9,583
NET BOOK VALUE
At 31 January 2024 6,461
At 31 January 2023 5,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 138,935 100,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,660 20,739
Other creditors 11,077 12,421
13,737 33,160

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,615 1,355

Deferred
tax
£   
Balance at 1 February 2023 1,355
Provided during year 260
Balance at 31 January 2024 1,615

NEWFANGLED GAMES LTD (REGISTERED NUMBER: 11795670)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
221,464 Ordinary 0.01 2,215 2,215