Relate AccountsProduction v2.7.3 v2.7.3 2023-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The companies principal activities during the year were that of placing gaming machines in arcades and clubs and collection of rents from same. 25 February 2025 2 2 NI046566 2024-05-31 NI046566 2023-05-31 NI046566 2022-05-31 NI046566 2023-06-01 2024-05-31 NI046566 2022-06-01 2023-05-31 NI046566 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 NI046566 uk-curr:PoundSterling 2023-06-01 2024-05-31 NI046566 uk-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 NI046566 uk-bus:FullAccounts 2023-06-01 2024-05-31 NI046566 uk-core:ShareCapital 2024-05-31 NI046566 uk-core:ShareCapital 2023-05-31 NI046566 uk-core:SharePremium 2024-05-31 NI046566 uk-core:SharePremium 2023-05-31 NI046566 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI046566 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 NI046566 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-05-31 NI046566 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-05-31 NI046566 uk-bus:FRS102 2023-06-01 2024-05-31 NI046566 uk-core:LandBuildings 2023-06-01 2024-05-31 NI046566 uk-core:PlantMachinery 2023-06-01 2024-05-31 NI046566 uk-core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 NI046566 uk-core:MotorVehicles 2023-06-01 2024-05-31 NI046566 uk-core:CurrentFinancialInstruments 2024-05-31 NI046566 uk-core:CurrentFinancialInstruments 2023-05-31 NI046566 uk-core:WithinOneYear 2024-05-31 NI046566 uk-core:WithinOneYear 2023-05-31 NI046566 uk-core:WithinOneYear 2024-05-31 NI046566 uk-core:WithinOneYear 2023-05-31 NI046566 uk-core:BetweenOneTwoYears 2024-05-31 NI046566 uk-core:BetweenOneTwoYears 2023-05-31 NI046566 uk-core:BetweenTwoFiveYears 2024-05-31 NI046566 uk-core:BetweenTwoFiveYears 2023-05-31 NI046566 2023-06-01 2024-05-31 NI046566 uk-bus:CompanySecretary1 2023-06-01 2024-05-31 NI046566 uk-bus:Director1 2023-06-01 2024-05-31 NI046566 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI046566
 
 
SS Gaming Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 May 2024



SS Gaming Ltd
Company Registration Number: NI046566
BALANCE SHEET
as at 31 May 2024

2024 2023
Notes £ £
 
Fixed Assets
 
Tangible assets 4 8,076 8,328
───────── ─────────
 
Current Assets
 
Stocks 5 4,915 4,755
 
Debtors 6 3,601 5,567
 
Cash at bank and in hand 4,776 2,873
───────── ─────────
13,292 13,195
───────── ─────────
 
Creditors: amounts falling due within one year 7 (11,688) (12,971)
───────── ─────────
 
Net Current Assets 1,604 224
───────── ─────────
 
Total Assets less Current Liabilities 9,680 8,552
 
Creditors:
 
amounts falling due after more than one year 8 (546) (1,045)
───────── ─────────
Net Assets 9,134 7,507
═════════ ═════════
 
 
Capital and Reserves
 
Called up share capital 1,001 1,001
 
Share premium account 38,331 38,331
 
Retained earnings (30,198) (31,825)
───────── ─────────
Shareholders' Funds 9,134 7,507
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Director and authorised for issue on 25 February 2025
           
           
________________________________          
Claire Mc Guckin          
Director          
           



SS Gaming Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 May 2024

   
1. General Information
 
SS Gaming Ltd is a company limited by shares incorporated in Northern Ireland. 25 Castle Court, Cookstown, Co Tyrone, BT80 8QJ, Northern Ireland is the registered office, which is also the principal place of business of the company. The companies principal activities during the year were that of placing gaming machines in arcades and clubs and collection of rents from same. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 May 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 5% Straight line
  Plant and machinery - 25% Reducing balance
  Fixtures, fittings and equipment - 15% Reducing balance
  Motor vehicles - 25% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 2, (2023 - 2).
 
  2024 2023
  Number Number
 
Total 2 2
  ═════════ ═════════
             
4. Tangible assets
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 June 2023 7,555 30,008 2,386 10,964 50,913
Additions - - 508 - 508
  ───────── ───────── ───────── ───────── ─────────
At 31 May 2024 7,555 30,008 2,894 10,964 51,421
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 June 2023 1,076 29,367 1,226 10,916 42,585
Charge for the financial year 341 159 249 11 760
  ───────── ───────── ───────── ───────── ─────────
At 31 May 2024 1,417 29,526 1,475 10,927 43,345
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 May 2024 6,138 482 1,419 37 8,076
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 May 2023 6,479 641 1,160 48 8,328
  ═════════ ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 4,915 4,755
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2024 2023
  £ £
 
Other debtors 3,601 5,567
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank Loan 533 533
Taxation 265 219
Director's current account 8,590 9,040
Accruals 2,300 3,179
  ───────── ─────────
  11,688 12,971
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank Loan 546 1,045
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 533 533
Repayable between one and two years 533 533
Repayable between two and five years 13 512
  ───────── ─────────
  1,079 1,578
  ═════════ ═════════
 
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 May 2024.
   
10. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.