11 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 62,716 35,000 97,716 4,502 6,256 10,758 86,958 58,214 xbrli:pure xbrli:shares iso4217:GBP 08871739 2023-02-01 2024-01-31 08871739 2024-01-31 08871739 2023-01-31 08871739 2022-02-01 2023-01-31 08871739 2023-01-31 08871739 2022-01-31 08871739 core:PatentsTrademarksLicencesConcessionsSimilar 2023-02-01 2024-01-31 08871739 core:LandBuildings core:ShortLeaseholdAssets 2023-02-01 2024-01-31 08871739 core:PlantMachinery 2023-02-01 2024-01-31 08871739 bus:Director1 2023-02-01 2024-01-31 08871739 core:PatentsTrademarksLicencesConcessionsSimilar 2023-01-31 08871739 core:PatentsTrademarksLicencesConcessionsSimilar 2024-01-31 08871739 core:LandBuildings core:ShortLeaseholdAssets 2023-01-31 08871739 core:PlantMachinery 2023-01-31 08871739 core:LandBuildings core:ShortLeaseholdAssets 2024-01-31 08871739 core:PlantMachinery 2024-01-31 08871739 core:WithinOneYear 2024-01-31 08871739 core:WithinOneYear 2023-01-31 08871739 core:ShareCapital 2024-01-31 08871739 core:ShareCapital 2023-01-31 08871739 core:SharePremium 2024-01-31 08871739 core:SharePremium 2023-01-31 08871739 core:RetainedEarningsAccumulatedLosses 2024-01-31 08871739 core:RetainedEarningsAccumulatedLosses 2023-01-31 08871739 core:PatentsTrademarksLicencesConcessionsSimilar 2023-01-31 08871739 core:LandBuildings core:ShortLeaseholdAssets 2023-01-31 08871739 core:PlantMachinery 2023-01-31 08871739 bus:SmallEntities 2023-02-01 2024-01-31 08871739 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 08871739 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08871739 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08871739 bus:FullAccounts 2023-02-01 2024-01-31 08871739 core:OfficeEquipment 2023-02-01 2024-01-31 08871739 core:OfficeEquipment 2023-01-31 08871739 core:OfficeEquipment 2024-01-31
COMPANY REGISTRATION NUMBER: 08871739
GiocoGuado Ltd
Filleted Unaudited Financial Statements
For the year ended
31 January 2024
GiocoGuado Ltd
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
86,958
58,214
Tangible assets
6
202,354
171,096
---------
---------
289,312
229,310
Current assets
Stocks
402,808
485,989
Debtors
7
255,730
304,291
Cash at bank and in hand
253,941
358,856
---------
------------
912,479
1,149,136
Creditors: amounts falling due within one year
8
169,176
428,381
---------
------------
Net current assets
743,303
720,755
------------
---------
Total assets less current liabilities
1,032,615
950,065
Provisions
Taxation including deferred tax
38,155
32,121
------------
---------
Net assets
994,460
917,944
------------
---------
Capital and reserves
Called up share capital
12
12
Share premium account
299,578
299,578
Profit and loss account
694,870
618,354
---------
---------
Shareholders funds
994,460
917,944
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GiocoGuado Ltd
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
Mr W Playford
Director
Company registration number: 08871739
GiocoGuado Ltd
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Chesterton Hall Crescent, Cambridge, CB4 1AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Research and development Research expenditure is written off in the period in which it is incurred. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents, trademarks and licences
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
25% straight line
Plant and machinery
-
10% straight line
Equipment
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 7 ).
5. Intangible assets
Patents, trademarks and licences
£
Cost
At 1 February 2023
62,716
Additions
35,000
--------
At 31 January 2024
97,716
--------
Amortisation
At 1 February 2023
4,502
Charge for the year
6,256
--------
At 31 January 2024
10,758
--------
Carrying amount
At 31 January 2024
86,958
--------
At 31 January 2023
58,214
--------
6. Tangible assets
Leasehold improvements
Plant and machinery
Equipment
Total
£
£
£
£
Cost
At 1 February 2023
20,515
202,830
29,707
253,052
Additions
3,866
61,026
4,746
69,638
--------
---------
--------
---------
At 31 January 2024
24,381
263,856
34,453
322,690
--------
---------
--------
---------
Depreciation
At 1 February 2023
4,582
70,091
7,283
81,956
Charge for the year
7,370
22,874
8,136
38,380
--------
---------
--------
---------
At 31 January 2024
11,952
92,965
15,419
120,336
--------
---------
--------
---------
Carrying amount
At 31 January 2024
12,429
170,891
19,034
202,354
--------
---------
--------
---------
At 31 January 2023
15,933
132,739
22,424
171,096
--------
---------
--------
---------
7. Debtors
2024
2023
£
£
Trade debtors
1,567
65,667
Other debtors
254,163
238,624
---------
---------
255,730
304,291
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
109,557
301,118
Social security and other taxes
28,229
76,027
Other creditors
31,390
51,236
---------
---------
169,176
428,381
---------
---------
9. Other financial commitments
The total future minimum payments under non-cancellable obligations are £ 169,290 (2023: £ 232,505 ).
10. Directors' advances, credits and guarantees
During the current and previous year the company made advances to and received repayments from a director. Interest has been charged at the official HMRC rate on any overdrawn loan account balances greater than £10,000, there are no repayment terms.
2024 2023
£ £
Advances 76
Repayments 2,725
Balances due from director 76