Registered number: 14787878 | ||||||||
FOR THE 418 DAY PERIOD ENDED 31/05/2024 | ||||||||
Prepared By: | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
S Gaming Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE 418 DAY PERIOD ENDED 31/05/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 14787878 | ||||||||
BANKERS | ||||||||
Barclays | ||||||||
ACCOUNTANTS | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
S Gaming Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE418 DAY PERIODENDED31/05/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 |
S Gaming Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | ||||||||||
Notes | £ | |||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
353,622 | ||||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | ||||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 432,800 | ||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Share premium account | 9 | |||||||||
Profit and loss account | (990,597) | |||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
Director | ||||||||||
S Gaming Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE 418 DAY PERIOD ENDED 31/05/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
These financial statements have been prepared on the going concern basis. | ||||||||
It was anticipated that the company would make a significant loss in the first period whilst it was developing its products for market. It is anticipated that there will be a significantly reduced loss in the year to 31 May 2025 with the company becoming profitable in the subsequent year. | ||||||||
The company shareholders and investors have pledged sufficient funds to ensure the company is able to trade through the loss making period and then generate returns on their investments. |
1c. Depreciation | ||||||||
Equipment | straight line 20 & 25% |
1d. Intangible Assets | ||||||||
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1f. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
S Gaming Limited | ||||||||
1g. Corporation Tax | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. 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. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
2. EMPLOYEES | ||||||
2024 | ||||||
No. | No. | |||||
Average number of employees | ||||||
3. INTANGIBLE FIXED ASSETS | ||||
Development | ||||
Costs | Total | |||
£ | £ | |||
Cost | ||||
Additions | 470,000 | 470,000 | ||
At 31/05/2024 | 470,000 | 470,000 | ||
Depreciation | ||||
At 31/05/2024 | - | - | ||
Net Book Amounts | ||||
At 31/05/2024 | ||||
S Gaming Limited | ||||||||
4. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
Additions | 25,511 | 25,511 | ||
At 31/05/2024 | 25,511 | 25,511 | ||
Depreciation | ||||
For the 418 day period | 1,426 | 1,426 | ||
At 31/05/2024 | 1,426 | 1,426 | ||
Net Book Amounts | ||||
At 31/05/2024 | 24,085 | |||
5. DEBTORS | 2024 | |||||||
£ | ||||||||
Amounts falling due within one year | ||||||||
Trade debtors | 26,918 | |||||||
VAT | 22,635 | |||||||
Other debtors | 1,440 | |||||||
Prepayments | 10,545 | |||||||
Accrued income | 62,403 | |||||||
123,941 | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | ||||||||
£ | ||||||||
PAYE control | 25,005 | |||||||
Salaries and wages control | 129 | |||||||
Credit card | 7,261 | |||||||
Trade creditors | 66,549 | |||||||
Pension schemes | 2,925 | |||||||
Accruals | 3,060 | |||||||
104,929 | ||||||||
S Gaming Limited | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | ||||||||
£ | ||||||||
Loans >1yr | 432,800 | |||||||
432,800 | ||||||||
8. SHARE CAPITAL | 2024 | |||||||
£ | ||||||||
Allotted, issued and fully paid: | ||||||||
975 | ||||||||
975 | ||||||||
New shares issued during period: | ||||||||
975 | 975 | |||||||
975 | ||||||||
9. SHARE PREMIUM ACCOUNT | 2024 | |||
£ | ||||
Share premium account | 1,299,600 |