14787878falseonline gaming development2023-04-102024-05-31http://www.companieshouse.gov.uk/2023-04-09http://www.companieshouse.gov.uk/cd:Director12023-04-102024-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-05-31http://www.companieshouse.gov.uk/cd:Director22023-04-102024-05-31http://www.companieshouse.gov.uk/pt:SharePremium2024-05-31http://www.companieshouse.gov.uk/cd:Director32023-04-102024-05-31http://www.companieshouse.gov.uk/cd:Director42023-04-102024-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-102024-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-05-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-102024-05-31http://www.companieshouse.gov.uk/cd:Director52023-04-102024-05-31http://www.companieshouse.gov.uk/cd:Director62023-04-102024-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-102024-05-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-102024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-05-31http://www.companieshouse.gov.uk/2023-04-102024-05-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-102024-05-31http://www.companieshouse.gov.uk/2024-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-102024-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-102024-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 14787878

S Gaming Limited

ACCOUNTS
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
David Gallimore
Kevin McGinnigle
Charles Mott
Robert Harrison
Claire Majella Marron
Steven Payne
REGISTERED OFFICE
Unit 7, The Court House
72 Moorland Road
Stoke-on-Trent
ST6 1DY
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 Sheet3
Notes To The Accounts4

S Gaming Limited

BALANCE SHEET AT 31/05/2024
2024
Notes£
FIXED ASSETS
Intangible assets3470,000
Tangible assets424,085
494,085
CURRENT ASSETS
Debtors5123,941
Cash at bank and in hand229,681
353,622
CREDITORS: Amounts falling due within one year6104,929
NET CURRENT ASSETS248,693
TOTAL ASSETS LESS CURRENT LIABILITIES742,778
CREDITORS: Amounts falling due after more than one year7432,800
NET ASSETS309,978
CAPITAL AND RESERVES
Called up share capital8975
Share premium account91,299,600
Profit and loss account(990,597)
SHAREHOLDERS' FUNDS309,978
For the year ending 31/05/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 09/01/2025 and signed on their behalf by
David Gallimore
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 20 & 25%
1d. Intangible Assets
The intangible asset represents the underlying software engine acquired which enables the company to run its games. This software is constantly maintained and improved with all such costs written off to the profit and loss account. All costs in relation to ongoing games which do have a limited commercial life are written off to profit and loss account when incurred. There is an active market for the underlying software engine and the directors consider that the residual value of this asset to be in excess of the cost. As a result no amortisation of the asset has been charged. This will be reviewed on an annual basis to ensure that these conditions still apply.
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 employees13
3. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
Additions470,000470,000
At 31/05/2024470,000470,000
Depreciation
At 31/05/2024--
Net Book Amounts
At 31/05/2024470,000470,000

S Gaming Limited

4. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
Additions25,51125,511
At 31/05/202425,51125,511
Depreciation
For the 418 day period1,4261,426
At 31/05/20241,4261,426
Net Book Amounts
At 31/05/202424,08524,085
5. DEBTORS 2024
£
Amounts falling due within one year
Trade debtors26,918
VAT22,635
Other debtors1,440
Prepayments10,545
Accrued income62,403
123,941
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
PAYE control25,005
Salaries and wages control129
Credit card7,261
Trade creditors66,549
Pension schemes2,925
Accruals3,060
104,929

S Gaming Limited

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
£
Loans >1yr432,800
432,800
8. SHARE CAPITAL 2024
£
Allotted, issued and fully paid:
975 Ordinary shares of £1 each975
975
New shares issued during period:
975 Ordinary shares of £1 each975
975
9. SHARE PREMIUM ACCOUNT 2024
£
Share premium account1,299,600