Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07661528 Mr Carl Jackson Mr Matthew Draper Mr Robin Anderson Mr Donald Whiteford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07661528 2023-06-30 07661528 2024-06-30 07661528 2023-07-01 2024-06-30 07661528 frs-core:CurrentFinancialInstruments 2024-06-30 07661528 frs-core:Non-currentFinancialInstruments 2024-06-30 07661528 frs-core:ComputerEquipment 2024-06-30 07661528 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07661528 frs-core:ComputerEquipment 2023-06-30 07661528 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 07661528 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 07661528 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 07661528 frs-core:FurnitureFittings 2024-06-30 07661528 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07661528 frs-core:FurnitureFittings 2023-06-30 07661528 frs-core:OtherResidualIntangibleAssets 2024-06-30 07661528 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 07661528 frs-core:OtherResidualIntangibleAssets 2023-06-30 07661528 frs-core:PlantMachinery 2024-06-30 07661528 frs-core:PlantMachinery 2023-07-01 2024-06-30 07661528 frs-core:PlantMachinery 2023-06-30 07661528 frs-core:SharePremium 2024-06-30 07661528 frs-core:ShareCapital 2024-06-30 07661528 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07661528 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07661528 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07661528 frs-bus:SmallEntities 2023-07-01 2024-06-30 07661528 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07661528 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07661528 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 07661528 frs-bus:OrdinaryShareClass1 2024-06-30 07661528 frs-bus:OrdinaryShareClass2 2023-07-01 2024-06-30 07661528 frs-bus:OrdinaryShareClass2 2024-06-30 07661528 frs-bus:OrdinaryShareClass3 2023-07-01 2024-06-30 07661528 frs-bus:OrdinaryShareClass3 2024-06-30 07661528 frs-bus:Director1 2023-07-01 2024-06-30 07661528 frs-bus:Director2 2023-07-01 2024-06-30 07661528 frs-bus:Director3 2023-07-01 2024-06-30 07661528 frs-bus:Director4 2023-07-01 2024-06-30 07661528 frs-countries:EnglandWales 2023-07-01 2024-06-30 07661528 2022-06-30 07661528 2023-06-30 07661528 2022-07-01 2023-06-30 07661528 frs-core:CurrentFinancialInstruments 2023-06-30 07661528 frs-core:Non-currentFinancialInstruments 2023-06-30 07661528 frs-core:SharePremium 2023-06-30 07661528 frs-core:ShareCapital 2023-06-30 07661528 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 07661528 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30 07661528 frs-bus:OrdinaryShareClass2 2022-07-01 2023-06-30 07661528 frs-bus:OrdinaryShareClass3 2022-07-01 2023-06-30
Registered number: 07661528
Nomad Games Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07661528
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 500,634 35,103
Tangible Assets 5 23,741 33,801
524,375 68,904
CURRENT ASSETS
Stocks 6 - 58,135
Debtors 7 14,655 22,290
Cash at bank and in hand 174,839 199,323
189,494 279,748
Creditors: Amounts Falling Due Within One Year 8 (183,517 ) (206,123 )
NET CURRENT ASSETS (LIABILITIES) 5,977 73,625
TOTAL ASSETS LESS CURRENT LIABILITIES 530,352 142,529
Creditors: Amounts Falling Due After More Than One Year 9 (430,911 ) (50,967 )
NET ASSETS 99,441 91,562
CAPITAL AND RESERVES
Called up share capital 11 1,316 1,316
Share premium account 124,794 124,794
Profit and Loss Account (26,669 ) (34,548 )
SHAREHOLDERS' FUNDS 99,441 91,562
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For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Donald Whiteford
Director
20th March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nomad Games Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07661528 . The registered office is Summit House, 35 Church Road, Lymm, Cheshire, WA13 0QS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of games
Revenue from the sale of games is recognised when all of the following conditions are satisfied:
a) The company has transferred the significant risks and rewards of ownership to the buyer;
b) The company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
c) The amount of revenue can be measured reliably;
d) It is probable that the company will receive the consideration due under the transaction; and
e) The costs incurred or to be incurred in respect of the transaction can be measured reliably.
Sale of publishing rights
Revenue from the sale of publishing rights is recognised when contracts are signed. All consideration including deferred is recognised immediately. Deferred consideration is typically in the form of future royalties receivable and/or agreed guaranteed royalty payments. Expected future royalties are measured based on a prudent estimate of future sales performance of the game. Any expected future royalties receivable after more than one year are measured initially at fair value. At the end of each reporting period the expected future royalties receivable are assessed for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the statement of comprehensive income.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Development costs 
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.
At each reporting date the company assesses weather there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is higher of its fair vale less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
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.
The company has estimated that self-developed video games will have a useful economic life of two years from the start of development to the end of their expected sales life. At the end of the two years they are likely to have no residual value.
Other Intangible 
Other inangibles include the recognition of the Talisamn 5 license which is initially valued at cost. This will be amortised over its economic useful life of 5.87 years which is in line with the license agreement. 
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2.5. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase if a project if and only if certain specific criteria are met in order to demonstrate the asset will generate future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic live of 2 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treat as if it were all incurred in the research phase only.
The company recognises an intangible asset arising from development of a game if all the following conditions are met:
a) The project is technically feasible so that the game will be available for use and/or sale.
b) The company intends to complete the game to use or to sell.
c) The company is able to use or sell the game.
d) There is evidence that there is a market for the game.
e) There is available and adequate technical, financial and other resources to complete or sell the game.
f) The company is able to reliably measure the expenditure attributable to the game during its development.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% - reducing balance
Fixtures & Fittings 25% - reducing balance
Computer Equipment 50% - straight line
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 16)
18 16
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4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 July 2023 - 1,182,128 1,182,128
Additions 300,170 246,081 546,251
As at 30 June 2024 300,170 1,428,209 1,728,379
Amortisation
As at 1 July 2023 - 1,147,025 1,147,025
Provided during the period 15,137 65,583 80,720
As at 30 June 2024 15,137 1,212,608 1,227,745
Net Book Value
As at 30 June 2024 285,033 215,601 500,634
As at 1 July 2023 - 35,103 35,103
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 62,561 2,258 698 65,517
Additions 179 - 1,181 1,360
Disposals (14,307 ) (539 ) - (14,846 )
As at 30 June 2024 48,433 1,719 1,879 52,031
Depreciation
As at 1 July 2023 29,917 1,669 130 31,716
Provided during the period 8,205 147 706 9,058
Disposals (12,013 ) (471 ) - (12,484 )
As at 30 June 2024 26,109 1,345 836 28,290
Net Book Value
As at 30 June 2024 22,324 374 1,043 23,741
As at 1 July 2023 32,644 589 568 33,801
6. Stocks
2024 2023
£ £
Work in progress - 58,135
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,734 10,855
Prepayments and accrued income 8,654 10,694
Other debtors - 741
VAT 267 -
14,655 22,290
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,226 4,922
Bank loans and overdrafts 86,915 10,000
Other taxes and social security 16,650 19,864
VAT - 12,060
Other creditors 66,339 159,277
Accruals and deferred income 1,387 -
183,517 206,123
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 210,911 19,167
Other creditors 220,000 31,800
430,911 50,967
10. Secured Creditors
The company has given security to NPIF NW Debt LP by way of a legal charge against all interest in Freehold or Leasehold property, all present and future interest and all intellectual property of the company.
2024 2023
£ £
Other Creditors 278,659 122,867
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1.000 each 1,000 1,000
206 Ordinary A shares of £ 1.000 each 206 206
110 Ordinary B shares of £ 1.000 each 110 110
1,316 1,316
12. Pension Commitments
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. At the balance sheet date unpaid contributions of £2,820 (PY - £2,246) were due to the fund. They are included in Other Creditors.
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