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Company Registration No. 04699716 (England and Wales)
Real Gaming Marketing (RGM) Ltd Unaudited accounts for the year ended 31 October 2024
Real Gaming Marketing (RGM) Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,216 
15,871 
Current assets
Inventories
4,098 
6,425 
Debtors
21,875 
76,546 
Cash at bank and in hand
8,970 
100,793 
34,943 
183,764 
Creditors: amounts falling due within one year
(192,359)
(307,712)
Net current liabilities
(157,416)
(123,948)
Total assets less current liabilities
(147,200)
(108,077)
Creditors: amounts falling due after more than one year
(5,833)
(15,833)
Net liabilities
(153,033)
(123,910)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(153,133)
(124,010)
Shareholders' funds
(153,033)
(123,910)
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2025 and were signed on its behalf by
Mark Reed Director Company Registration No. 04699716
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Real Gaming Marketing (RGM) Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Real Gaming Marketing (RGM) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04699716. The registered office is The Hay Barn, Grange Farm Business Park, Woodhurst, Huntingdon, Cambridgeshire, PE28 3BQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
At the end of the accounting period, the company was insolvent with net liabilities of £153,033 (2023 £123,910). The accounts have been prepared on a going concern basis due to the continuing support of the director.
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Real Gaming Marketing (RGM) Ltd Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
27,500 
599 
28,099 
At 31 October 2024
27,500 
599 
28,099 
Depreciation
At 1 November 2023
11,784 
444 
12,228 
Charge for the year
5,500 
155 
5,655 
At 31 October 2024
17,284 
599 
17,883 
Net book value
At 31 October 2024
10,216 
- 
10,216 
At 31 October 2023
15,716 
155 
15,871 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,801 
63,704 
Accrued income and prepayments
2,843 
135 
Other debtors
17,231 
12,707 
21,875 
76,546 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
60,726 
204,268 
Taxes and social security
- 
9,484 
Other creditors
121,633 
83,960 
192,359 
307,712 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,833 
15,833 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan advanced, no interest is due or unpaid.
9,590 
- 
- 
9,590 
9,590 
- 
- 
9,590 
9
Average number of employees
During the year the average number of employees was 0 (2023: 1).
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