Bristol Games Hub Limited 08401523 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is organising events and running games industry newsletters. Digita Accounts Production Advanced 6.30.9574.0 true 08401523 2023-03-01 2024-02-29 08401523 2024-02-29 08401523 core:RetainedEarningsAccumulatedLosses 2024-02-29 08401523 core:CurrentFinancialInstruments 2024-02-29 08401523 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08401523 core:FurnitureFittingsToolsEquipment 2024-02-29 08401523 bus:SmallEntities 2023-03-01 2024-02-29 08401523 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08401523 bus:AbridgedAccounts 2023-03-01 2024-02-29 08401523 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08401523 bus:RegisteredOffice 2023-03-01 2024-02-29 08401523 bus:Director1 2023-03-01 2024-02-29 08401523 bus:Director7 2023-03-01 2024-02-29 08401523 bus:CompanyLimitedByGuarantee 2023-03-01 2024-02-29 08401523 core:OfficeEquipment 2023-03-01 2024-02-29 08401523 countries:EnglandWales 2023-03-01 2024-02-29 08401523 2023-02-28 08401523 core:FurnitureFittingsToolsEquipment 2023-02-28 08401523 2022-03-01 2023-02-28 08401523 2023-02-28 08401523 core:RetainedEarningsAccumulatedLosses 2023-02-28 08401523 core:CurrentFinancialInstruments 2023-02-28 08401523 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 08401523

Bristol Games Hub Limited

(A company limited by guarantee)

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 29 February 2024

 

Bristol Games Hub Limited

Contents

Abridged Statement of Financial Position

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Bristol Games Hub Limited

(Registration number: 08401523)
Abridged Statement of Financial Position as at 29 February 2024

Note

2024

2023

   

£

£

£

£

Current assets

   

 

Debtors

5

 

275

 

372

Cash at bank and in hand

   

4,396

 

2,402

   

4,671

 

2,774

Creditors: Amounts falling due within one year

 

(875)

 

(835)

Net assets

   

3,796

 

1,939

Capital and reserves

   

 

Profit and loss account

3,796

 

1,939

 

Shareholders funds

   

3,796

 

1,939

 

Bristol Games Hub Limited

(Registration number: 08401523)
Abridged Statement of Financial Position as at 29 February 2024

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 2 October 2024 and signed on its behalf by:
 

.........................................
Mr T Rawlings
Director

.........................................
Mr J E B Parker
Director

 

Bristol Games Hub Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
129 Newfoundland Road
St Paul's
Bristol
Avon
BS2 9LU

These financial statements were authorised for issue by the Board on 2 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The presentation currency is (£) sterling.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

 

Bristol Games Hub Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Current and deferred tax assets and liabilities are not discounted.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Bristol Games Hub Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Financial instruments


The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 5).

 

Bristol Games Hub Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

10,947

10,947

At 29 February 2024

10,947

10,947

Depreciation

At 1 March 2023

10,947

10,947

At 29 February 2024

10,947

10,947

Carrying amount

At 29 February 2024

-

-

5

Debtors

2024
£

2023
£

Other debtors

275

372

275

372