Tesseract Games Limited 12696769 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is online sales of board games accessories Digita Accounts Production Advanced 6.30.9574.0 true 12696769 2023-07-01 2024-06-30 12696769 2024-06-30 12696769 bus:OrdinaryShareClass1 bus:OtherShareType 2024-06-30 12696769 bus:OrdinaryShareClass2 bus:OtherShareType 2024-06-30 12696769 core:RetainedEarningsAccumulatedLosses 2024-06-30 12696769 core:ShareCapital 2024-06-30 12696769 core:CurrentFinancialInstruments 2024-06-30 12696769 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 12696769 core:FurnitureFittingsToolsEquipment 2024-06-30 12696769 bus:SmallEntities 2023-07-01 2024-06-30 12696769 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12696769 bus:FilletedAccounts 2023-07-01 2024-06-30 12696769 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12696769 bus:RegisteredOffice 2023-07-01 2024-06-30 12696769 bus:Director1 2023-07-01 2024-06-30 12696769 bus:OrdinaryShareClass1 bus:OtherShareType 2023-07-01 2024-06-30 12696769 bus:OrdinaryShareClass2 bus:OtherShareType 2023-07-01 2024-06-30 12696769 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12696769 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 12696769 1 2023-07-01 2024-06-30 12696769 countries:EnglandWales 2023-07-01 2024-06-30 12696769 2023-06-30 12696769 core:FurnitureFittingsToolsEquipment 2023-06-30 12696769 2022-07-01 2023-06-30 12696769 2023-06-30 12696769 bus:OrdinaryShareClass1 bus:OtherShareType 2023-06-30 12696769 bus:OrdinaryShareClass2 bus:OtherShareType 2023-06-30 12696769 core:RetainedEarningsAccumulatedLosses 2023-06-30 12696769 core:ShareCapital 2023-06-30 12696769 core:CurrentFinancialInstruments 2023-06-30 12696769 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12696769 core:FurnitureFittingsToolsEquipment 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12696769

Tesseract Games Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Tesseract Games Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Tesseract Games Limited

Company Information

Director

Mr N P Rose

Registered office

Suite 1, Armcon Business Park
London Road South
Poynton
Cheshire
SK12 1LQ

Accountants

Nolan James Ltd
Chartered Accountants
Suite 1 Armcon Business Park,
London Road South,
Poynton,
Cheshire,
SK12 1LQ

 

Tesseract Games Limited

(Registration number: 12696769)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,710

3,269

Current assets

 

Stocks

24,095

18,770

Debtors

5

12,642

6,420

Cash at bank and in hand

 

132,583

121,037

 

169,320

146,227

Creditors: Amounts falling due within one year

6

(48,565)

(33,753)

Net current assets

 

120,755

112,474

Net assets

 

126,465

115,743

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

126,464

115,742

Shareholders' funds

 

126,465

115,743

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

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 March 2025
 

.........................................
Mr N P Rose
Director

 

Tesseract Games Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
Suite 1, Armcon Business Park
London Road South
Poynton
Cheshire
SK12 1LQ

These financial statements were authorised for issue by the director on 6 March 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.

These financial statements are presented in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

 

Tesseract Games Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible fixed 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

Fixtures, fittings, tools and equipments

over 5 years

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

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

 

Tesseract Games Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible fixed assets

Plant and machinery etc
£

Total
£

Cost or valuation

At 1 July 2023

5,447

5,447

Additions

3,607

3,607

At 30 June 2024

9,054

9,054

Depreciation

At 1 July 2023

2,178

2,178

Charge for the year

1,166

1,166

At 30 June 2024

3,344

3,344

Carrying amount

At 30 June 2024

5,710

5,710

At 30 June 2023

3,269

3,269

5

Debtors

Current

2024
£

2023
£

Trade debtors

423

266

Other debtors

12,219

6,154

 

12,642

6,420

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

14,285

11,589

Taxation and social security

30,642

20,712

Other creditors

3,638

1,452

48,565

33,753

7

Share capital

Allotted, called up and fully paid shares

 

Tesseract Games Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2024

2023

No.

£

No.

£

Ordinary A of £0.01 each

90

1

90

1

Ordinary B of £0.01 each

10

-

10

-

100

1

100

1

8

Controlling party

The company is owned and controlled by Mr N P Rose and Mrs S Rose who own all the shares.