Registered Number 14812501
GOOD GAMING LTD
Micro-entity Accounts
30 April 2024
Notes to the Micro-entity Accounts for the period ended 30 April 2024
1Employees
|
2024 |
Average number of employees during the period |
0
|
2Off balance sheet arrangements
1.Basis of Preparation
The company is entitled to the micro-entity exemption under the Companies Act 2006 and has prepared its financial statements accordingly. The accounts do not include a profit and loss account, as permitted under the micro-entity provisions.
2.Directors' Loan Accounts
During the year, the following payments were made by the directors on behalf of the company:
Amy Perkins: £17,026
Rob Johnston: £13,374
These amounts are recorded as loans to the company and are repayable to the respective directors.
3. Intangible Assets
The following intangible assets have been recognized:
- Proprietary System Development: £14,849. This is capitalized and will be amortized over its expected useful life.
- Licensing: £3,188. This is capitalized and will be amortized over its useful life.
4. Amortization of Intangible Assets
The intangible assets will be amortized on a straight-line basis over their estimated useful lives. The company will begin amortization in the next financial year.
5. Share Capital
The company has issued 1,000 ordinary shares, with the following distribution:
Rob Johnston: 430 shares (£430).
Amy Perkins: 430 shares (£430).
Arthur Boynton: 140 shares (£140).
6. Status of the Company
The company was dormant during the year, as no income was generated. The company is in the setup phase, and the transactions recorded relate to initial operational setup costs.