Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2023 1 October 2022 false 1 October 2023 30 June 2024 30 June 2024 12857105 Mr James Brooksby Mr Adrian Hawkins Absolutely Games Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12857105 2023-09-30 12857105 2024-06-30 12857105 2023-10-01 2024-06-30 12857105 frs-core:CurrentFinancialInstruments 2024-06-30 12857105 frs-core:ShareCapital 2024-06-30 12857105 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12857105 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-06-30 12857105 frs-bus:FilletedAccounts 2023-10-01 2024-06-30 12857105 frs-bus:SmallEntities 2023-10-01 2024-06-30 12857105 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-06-30 12857105 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-06-30 12857105 1 2023-10-01 2024-06-30 12857105 frs-bus:Director1 2023-10-01 2024-06-30 12857105 frs-bus:Director2 2023-10-01 2024-06-30 12857105 frs-countries:EnglandWales 2023-10-01 2024-06-30 12857105 2022-09-30 12857105 2023-09-30 12857105 2022-10-01 2023-09-30 12857105 frs-core:CurrentFinancialInstruments 2023-09-30 12857105 frs-core:ShareCapital 2023-09-30 12857105 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12857105
Absolutely Mars Limited
Unaudited Financial Statements
For the Period 1 October 2023 to 30 June 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12857105
30 June 2024 30 September 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,412,321 2,388,477
Cash at bank and in hand 23,669 295,778
1,435,990 2,684,255
Creditors: Amounts Falling Due Within One Year 5 (421,933 ) (1,494,923 )
NET CURRENT ASSETS (LIABILITIES) 1,014,057 1,189,332
TOTAL ASSETS LESS CURRENT LIABILITIES 1,014,057 1,189,332
NET ASSETS 1,014,057 1,189,332
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 1,014,056 1,189,331
SHAREHOLDERS' FUNDS 1,014,057 1,189,332
Page 1
Page 2
For the period ending 30 June 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Brooksby
Director
25th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Absolutely Mars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12857105 . The registered office is Castle House, Castle Street, Guildford, GU1 3UW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Debtors
30 June 2024 30 September 2023
£ £
Due within one year
Trade debtors 1,272,577 1,911,911
Other debtors 139,744 476,566
1,412,321 2,388,477
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 September 2023
£ £
Trade creditors 417,095 1,481,334
Other creditors 3,728 7,648
Taxation and social security 1,110 5,941
421,933 1,494,923
6. Share Capital
30 June 2024 30 September 2023
£ £
Allotted, Called up and fully paid 1 1
7. Related Party Transactions
During the period the company received revenue totalling £697,164 (2023: £2,363,746) from the parent company for the delivery of video games development milestones.
Included in Cost of Sales is £677,764 (2023: £2,108,044) paid for the loan of staff from from the parent company.
As at the year end, and included in Trade Debtors is £1,272,577 (2023: £1,911,912) owed from from the parent company. 
As at the year end, and included in Trade Creditors is £417,095 (2023: £1,472,046) owed to Absolutely Games Limited. 
Additionally, included in Other Creditors is £228 (2023: £60) owed to Absolutely Games Limited. This loan is non-interest bearing and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party is Absolutely Games Limited by virtue of the ownership of 100% of the issued share capital in the company.
Page 4