Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activityfalse2023-01-01false1512truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09847699 2023-01-01 2023-12-31 09847699 2022-01-01 2022-12-31 09847699 2023-12-31 09847699 2022-12-31 09847699 c:Director1 2023-01-01 2023-12-31 09847699 d:PlantMachinery 2023-01-01 2023-12-31 09847699 d:PlantMachinery 2023-12-31 09847699 d:PlantMachinery 2022-12-31 09847699 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09847699 d:FurnitureFittings 2023-01-01 2023-12-31 09847699 d:FurnitureFittings 2023-12-31 09847699 d:FurnitureFittings 2022-12-31 09847699 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09847699 d:OfficeEquipment 2023-01-01 2023-12-31 09847699 d:OfficeEquipment 2023-12-31 09847699 d:OfficeEquipment 2022-12-31 09847699 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09847699 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09847699 d:Goodwill 2023-01-01 2023-12-31 09847699 d:Goodwill 2023-12-31 09847699 d:Goodwill 2022-12-31 09847699 d:CurrentFinancialInstruments 2023-12-31 09847699 d:CurrentFinancialInstruments 2022-12-31 09847699 d:Non-currentFinancialInstruments 2023-12-31 09847699 d:Non-currentFinancialInstruments 2022-12-31 09847699 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09847699 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09847699 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09847699 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 09847699 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09847699 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 09847699 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09847699 c:OrdinaryShareClass1 2023-12-31 09847699 c:OrdinaryShareClass1 2022-12-31 09847699 c:FRS102 2023-01-01 2023-12-31 09847699 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09847699 c:FullAccounts 2023-01-01 2023-12-31 09847699 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09847699 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 09847699 2 2023-01-01 2023-12-31 09847699 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 09847699 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09847699










NATIONAL GAME FAIR LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
NATIONAL GAME FAIR LIMITED
REGISTERED NUMBER: 09847699

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,119
-

Tangible assets
 5 
19,457
11,885

  
20,576
11,885

Current assets
  

Debtors: Amounts falling due within one year
 6 
588,915
534,992

Cash at bank and in hand
  
674,288
511,992

  
1,263,203
1,046,984

Total assets
  
 
 
1,283,779
 
 
1,058,869


Capital and reserves
  

Called up share capital 
 10 
388
388

Share premium account
  
154,346
154,346

Profit and loss account
  
347,047
(92,461)

  
501,781
62,273

Creditors: Amounts Falling Due Within One Year
 7 
647,075
819,500

Creditors: Amounts Falling Due After More Than One Year
 8 
134,923
177,096

Total  capital, reserves and liabilities
  
1,283,779
1,058,869


Page 1

 
NATIONAL GAME FAIR LIMITED
REGISTERED NUMBER: 09847699
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2024.



J L Gower
Director

Page 2

 
NATIONAL GAME FAIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
1.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
NATIONAL GAME FAIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
NATIONAL GAME FAIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)


1.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
50% straight line
Fixtures and fittings
-
50% straight line
Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


General information

National Game Fair Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 09847699
The address of its Registered office is: 
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Page 5

 
NATIONAL GAME FAIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 12).


4.


Intangible assets




Goodwill

£



Cost


Additions
1,300



At 31 December 2023

1,300



Amortisation


Charge for the year on owned assets
181



At 31 December 2023

181



Net book value



At 31 December 2023
1,119



At 31 December 2022
-



Page 6

 
NATIONAL GAME FAIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
63,253
62,771
49,348
175,372


Additions
-
-
15,696
15,696



At 31 December 2023

63,253
62,771
65,044
191,068



Depreciation


At 1 January 2023
63,253
62,771
37,463
163,487


Charge for the year on owned assets
-
-
8,124
8,124



At 31 December 2023

63,253
62,771
45,587
171,611



Net book value



At 31 December 2023
-
-
19,457
19,457



At 31 December 2022
-
-
11,885
11,885


6.


Debtors

2023
2022
£
£


Trade debtors
349,013
294,171

Amounts owed by related companies
196,157
129,169

Other debtors
17,784
36,411

Prepayments and accrued income
25,961
75,241

588,915
534,992


Page 7

 
NATIONAL GAME FAIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
42,415
15,539

Other taxation and social security
62,069
198,131

Other creditors
3,196
1,120

Accruals and deferred income
529,395
594,710

647,075
819,500



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,833
25,833

Other creditors
119,090
151,263

134,923
177,096


Page 8

 
NATIONAL GAME FAIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
5,834
15,833


5,834
15,833


25,834
35,833


Page 9

 
NATIONAL GAME FAIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



3,879 (2022 - 3,879) Ordinary shares of £0.10 each
388
388



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,445 (2022 £7,750). Contributions totalling £1,617 (2022 £1,120) payable to the fund at the reporting date and are included in creditors.

 
Page 10