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REGISTERED NUMBER: 06393701 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28th February 2024

for

Gaming Direct Limited

Gaming Direct Limited (Registered number: 06393701)






Contents of the Financial Statements
for the year ended 28th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gaming Direct Limited

Company Information
for the year ended 28th February 2024







DIRECTOR: Mr K Hinds





REGISTERED OFFICE: Unit 3
Birley Trading Estate
Birley Street
Blackburn
Lancashire
BB1 5DN





REGISTERED NUMBER: 06393701 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Gaming Direct Limited (Registered number: 06393701)

Balance Sheet
28th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 307 361

CURRENT ASSETS
Debtors 5 121,657 121,037
Cash at bank and in hand 17,408 35,183
139,065 156,220
CREDITORS
Amounts falling due within one year 6 127,518 138,325
NET CURRENT ASSETS 11,547 17,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,854

18,256

CREDITORS
Amounts falling due after more than one
year

7

32,108

62,007
NET LIABILITIES (20,254 ) (43,751 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (20,255 ) (43,752 )
SHAREHOLDERS' FUNDS (20,254 ) (43,751 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gaming Direct Limited (Registered number: 06393701)

Balance Sheet - continued
28th February 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 director and authorised for issue on 25th November 2024 and were signed by:





Mr K Hinds - Director


Gaming Direct Limited (Registered number: 06393701)

Notes to the Financial Statements
for the year ended 28th February 2024

1. STATUTORY INFORMATION

Gaming Direct Limited 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.

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
Turnover represents net invoiced services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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.

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.

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that he will continue to give financial support to the company for the twelve months from the date of signing these financial accounts.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in the preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise.

The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Gaming Direct Limited (Registered number: 06393701)

Notes to the Financial Statements - continued
for the year ended 28th February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023
and 28th February 2024 3,243
DEPRECIATION
At 1st March 2023 2,882
Charge for year 54
At 28th February 2024 2,936
NET BOOK VALUE
At 28th February 2024 307
At 28th February 2023 361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,103 50,996
Other debtors 78,554 70,041
121,657 121,037

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,817 35,817
Trade creditors 38,793 39,417
Taxation and social security 23,851 19,755
Other creditors 29,057 43,336
127,518 138,325

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 32,108 62,007

8. LEASING AGREEMENTS
The company has annual property lease commitments of £31,099 that expire in March 2026.

The company has annual lease commitments of £68,304 that expire between May 2024 and September 2027.

Gaming Direct Limited (Registered number: 06393701)

Notes to the Financial Statements - continued
for the year ended 28th February 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Invoice discounting 26,850 40,373

The invoice discounting facility provided is secured by a fixed and floating charge over the assets of the company.

No security has been provided by the company in respect of the bank loans. £39,653 of the bank loans have been secured by a personal guarantee from the director (2023 - £58,392).

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th February 2024 and 28th February 2023:

2024 2023
£    £   
Mr K Hinds
Balance outstanding at start of year 49,675 46,028
Amounts advanced - 3,647
Amounts repaid (8 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,667 49,675

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Hinds.