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REGISTERED NUMBER: 07588573 (England and Wales)
















Financial Statements for the Year Ended 31 March 2024

for


Flames 'N Games Limited


Flames 'N Games Limited (Registered number: 07588573)







Contents of the Financial Statements

for the Year Ended 31 March 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




Flames 'N Games Limited


Company Information

for the Year Ended 31 March 2024









DIRECTOR:

T A Sofoulakis







REGISTERED OFFICE:

102 Dean Court Road


Rottingdean


East Sussex


BN2 7DJ







REGISTERED NUMBER:

07588573 (England and Wales)







ACCOUNTANTS:

Atkinsons


Chartered Accountants


Palmeira Avenue Mansions


19 Church Road


Hove


East Sussex


BN3 2FA


Flames 'N Games Limited (Registered number: 07588573)


Balance Sheet

31 March 2024



31.3.24

31.3.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

17,099


21,374



Investments

5

801,644


733,391



818,743


754,765




CURRENT ASSETS

Stocks

104,004


109,000



Debtors

6

12,887


32,333



Cash at bank and in hand

99,694


109,265



216,585


250,598



CREDITORS

Amounts falling due within one year

7

254,215


262,002



NET CURRENT LIABILITIES

(37,630

)

(11,404

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

781,113


743,361




CAPITAL AND RESERVES

Called up share capital

100


100



Retained earnings

781,013


743,261



781,113


743,361




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 7 November 2024 and were signed by:




T A Sofoulakis - Director



Flames 'N Games Limited (Registered number: 07588573)


Notes to the Financial Statements

for the Year Ended 31 March 2024


1.

STATUTORY INFORMATION



Flames 'N Games 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 as modified by the revaluation of certain assets.    



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Motor vehicles

-

20% on reducing balance



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


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.


Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 2 (2023 - 5 ) .


Flames 'N Games Limited (Registered number: 07588573)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


4.

TANGIBLE FIXED ASSETS


Motor


vehicles

£   



COST


At 1 April 2023


and 31 March 2024

34,709




DEPRECIATION


At 1 April 2023

13,335




Charge for year

4,275




At 31 March 2024

17,610




NET BOOK VALUE


At 31 March 2024

17,099




At 31 March 2023

21,374




5.

FIXED ASSET INVESTMENTS


Other


investments

£   



COST OR VALUATION


At 1 April 2023

733,391




Revaluations

68,253




At 31 March 2024

801,644




NET BOOK VALUE


At 31 March 2024

801,644




At 31 March 2023

733,391






6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.3.23

£   

£   



Trade debtors

-


2,015




Other debtors

12,887


30,318



12,887


32,333




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.3.23

£   

£   



Trade creditors

82,724


87,603




Taxation and social security

52,665


55,340




Other creditors

118,826


119,059



254,215


262,002




8.

RELATED PARTY DISCLOSURES



The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.