Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false2023-06-01falseNo description of principal activity2421falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC607610 2023-06-01 2024-05-31 SC607610 2022-06-01 2023-05-31 SC607610 2024-05-31 SC607610 2023-05-31 SC607610 c:CompanySecretary1 2023-06-01 2024-05-31 SC607610 c:Director1 2023-06-01 2024-05-31 SC607610 c:Director2 2023-06-01 2024-05-31 SC607610 c:RegisteredOffice 2023-06-01 2024-05-31 SC607610 d:Buildings 2023-06-01 2024-05-31 SC607610 d:Buildings 2024-05-31 SC607610 d:Buildings 2023-05-31 SC607610 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC607610 d:FurnitureFittings 2023-06-01 2024-05-31 SC607610 d:FurnitureFittings 2024-05-31 SC607610 d:FurnitureFittings 2023-05-31 SC607610 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC607610 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC607610 d:Goodwill 2023-06-01 2024-05-31 SC607610 d:Goodwill 2024-05-31 SC607610 d:Goodwill 2023-05-31 SC607610 d:CurrentFinancialInstruments 2024-05-31 SC607610 d:CurrentFinancialInstruments 2023-05-31 SC607610 d:Non-currentFinancialInstruments 2024-05-31 SC607610 d:Non-currentFinancialInstruments 2023-05-31 SC607610 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC607610 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC607610 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 SC607610 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 SC607610 d:ShareCapital 2024-05-31 SC607610 d:ShareCapital 2023-05-31 SC607610 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC607610 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC607610 c:OrdinaryShareClass1 2023-06-01 2024-05-31 SC607610 c:OrdinaryShareClass1 2024-05-31 SC607610 c:OrdinaryShareClass1 2023-05-31 SC607610 c:FRS102 2023-06-01 2024-05-31 SC607610 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC607610 c:FullAccounts 2023-06-01 2024-05-31 SC607610 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC607610 d:Goodwill d:OwnedIntangibleAssets 2023-06-01 2024-05-31 SC607610 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC607610










GAME CHANGER COMPS LTD (FORMERLY KNOWN AS SUBWAY DUNFERMLINE LTD)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
GAME CHANGER COMPS LTD (FORMERLY KNOWN AS SUBWAY DUNFERMLINE LTD)
 

COMPANY INFORMATION


Directors
Mrs L Woods 
Mr S A Woods 




Company secretary
Mrs L Woods



Registered number
SC607610



Registered office
28 Castle View

Airth

Falkirk

FK2 8GE




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
GAME CHANGER COMPS LTD (FORMERLY KNOWN AS SUBWAY DUNFERMLINE LTD)
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 
GAME CHANGER COMPS LTD (FORMERLY KNOWN AS SUBWAY DUNFERMLINE LTD)
REGISTERED NUMBER: SC607610

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
12,646
14,453

Tangible assets
 5 
19,968
15,385

  
32,614
29,838

Current assets
  

Stocks
  
10,000
12,000

Debtors: amounts falling due within one year
 6 
48,646
66,166

Cash at bank and in hand
  
19,419
30,977

  
78,065
109,143

Creditors: amounts falling due within one year
 7 
(81,095)
(86,565)

Net current (liabilities)/assets
  
 
 
(3,030)
 
 
22,578

Total assets less current liabilities
  
29,584
52,416

Creditors: amounts falling due after more than one year
 8 
(24,609)
(29,018)

Provisions for liabilities
  

Deferred tax
  
(4,992)
(3,846)

  
 
 
(4,992)
 
 
(3,846)

Net (liabilities)/assets
  
(17)
19,552


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(117)
19,452

  
(17)
19,552


Page 1

 
GAME CHANGER COMPS LTD (FORMERLY KNOWN AS SUBWAY DUNFERMLINE LTD)
REGISTERED NUMBER: SC607610

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 February 2025.




Mrs L Woods
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GAME CHANGER COMPS LTD (FORMERLY KNOWN AS SUBWAY DUNFERMLINE LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Game Changer Comps Ltd is a private company, limited by shares, domiciled in Scotland with registration number SC607610. The registered office is 28 Castle View, Airth, Falkirk, Scotland, FK2 8GE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
GAME CHANGER COMPS LTD (FORMERLY KNOWN AS SUBWAY DUNFERMLINE LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Tenants improvements
-
10%
Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
GAME CHANGER COMPS LTD (FORMERLY KNOWN AS SUBWAY DUNFERMLINE LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
24
21


4.


Intangible assets



Goodwill

£



Cost


At 1 June 2023
18,067



At 31 May 2024

18,067



Amortisation


At 1 June 2023
3,614


Charge for the year on owned assets
1,807



At 31 May 2024

5,421



Net book value



At 31 May 2024
12,646



Page 5

 
GAME CHANGER COMPS LTD (FORMERLY KNOWN AS SUBWAY DUNFERMLINE LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 June 2023
14,352
3,883
18,235


Additions
5,270
2,364
7,634



At 31 May 2024

19,622
6,247
25,869



Depreciation


At 1 June 2023
1,652
1,198
2,850


Charge for the year on owned assets
1,800
1,251
3,051



At 31 May 2024

3,452
2,449
5,901



Net book value



At 31 May 2024
16,170
3,798
19,968


6.


Debtors

2024
2023
£
£


Trade debtors
45,078
49,073

Other debtors
2,578
15,730

Prepayments and accrued income
990
1,363

48,646
66,166



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,408
4,299

Trade creditors
16,916
20,460

Corporation tax
27,209
20,004

Other taxation and social security
6,263
21,483

Other creditors
19,906
17,719

Accruals and deferred income
6,393
2,600

81,095
86,565


Page 6

 
GAME CHANGER COMPS LTD (FORMERLY KNOWN AS SUBWAY DUNFERMLINE LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
24,609
29,018

24,609
29,018



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 7