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Registration number: 09124065

Game & Country (South West) Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Game & Country (South West) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Game & Country (South West) Limited

Company Information

Directors

S Phillips

D Phillips

Registered office

Spencer House
Morston Court
Aisecome Way
Weston Super Mare
North Somerset
BS22 8NG

Accountants

Burton Sweet Limited
Chartered Accountants & Business Advisers
Spencer House
Morston Court
Aisecome Way
Weston Super Mare
North Somerset
BS22 8NG

 

Game & Country (South West) Limited

(Registration number: 09124065)
Balance Sheet
30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

38,938

22,518

Current assets

 

Stocks

5

28,606

29,549

Debtors

6

23,400

12,238

Cash at bank and in hand

 

78,354

49,252

 

130,360

91,039

Creditors: Amounts falling due within one year

7

(33,141)

(20,803)

Net current assets

 

97,219

70,236

Total assets less current liabilities

 

136,157

92,754

Provisions for liabilities

(8,369)

(3,030)

Net assets

 

127,788

89,724

Capital and reserves

 

Called up share capital

2

2

Retained earnings

127,786

89,722

Shareholders' funds

 

127,788

89,724

 

Game & Country (South West) Limited

(Registration number: 09124065)
Balance Sheet
30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 January 2025 and signed on its behalf by:
 

.........................................
S Phillips
Director

.........................................
D Phillips
Director

 

Game & Country (South West) Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Spencer House
Morston Court
Aisecome Way
Weston Super Mare
North Somerset
BS22 8NG

These financial statements were authorised for issue by the Board on 31 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax,

Tax

The tax expense for the period comprises current tax and is recognised in profit or loss.

 

Game & Country (South West) Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% Reducing balance

Plant and machinery

25% Reducing balance

Leasehold Improvements

10% Straight Line

Motor Vehicles

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business . A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Game & Country (South West) Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. If stocks are impaired, the carrying amount is reduced to its selling price less costs to sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Game & Country (South West) Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

4

Tangible assets

Long leasehold land and buildings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 October 2023

11,046

14,208

3,760

31,663

Additions

-

-

-

38,753

Disposals

-

-

-

(31,663)

At 30 September 2024

11,046

14,208

3,760

38,753

Depreciation

At 1 October 2023

4,476

8,762

3,276

21,645

Charge for the year

1,105

1,361

160

9,689

Eliminated on disposal

-

-

-

(21,645)

At 30 September 2024

5,581

10,123

3,436

9,689

Carrying amount

At 30 September 2024

5,465

4,085

324

29,064

At 30 September 2023

6,570

5,446

484

10,018

 

Game & Country (South West) Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

Total
£

Cost or valuation

At 1 October 2023

60,677

Additions

38,753

Disposals

(31,663)

At 30 September 2024

67,767

Depreciation

At 1 October 2023

38,159

Charge for the year

12,315

Eliminated on disposal

(21,645)

At 30 September 2024

28,829

Carrying amount

At 30 September 2024

38,938

At 30 September 2023

22,518

Included within the net book value of land and buildings above is £5,465 (2023 - £6,570) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

28,606

29,549

6

Debtors

2024
£

2023
£

Trade debtors

21,833

9,868

Other debtors

67

37

Prepayments

1,500

2,333

23,400

12,238

 

Game & Country (South West) Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

10,755

12,986

Taxation and social security

20,970

6,472

Accruals and deferred income

1,416

1,345

33,141

20,803