Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12256483 Mr James Brooksby Mr Adrian Hawkins false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12256483 2023-09-30 12256483 2024-09-30 12256483 2023-10-01 2024-09-30 12256483 frs-core:CurrentFinancialInstruments 2024-09-30 12256483 frs-core:Non-currentFinancialInstruments 2024-09-30 12256483 frs-core:BetweenOneFiveYears 2024-09-30 12256483 frs-core:ComputerEquipment 2024-09-30 12256483 frs-core:ComputerEquipment 2023-10-01 2024-09-30 12256483 frs-core:ComputerEquipment 2023-09-30 12256483 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 12256483 frs-core:FurnitureFittings 2024-09-30 12256483 frs-core:FurnitureFittings 2023-10-01 2024-09-30 12256483 frs-core:FurnitureFittings 2023-09-30 12256483 frs-core:OtherResidualIntangibleAssets 2024-09-30 12256483 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 12256483 frs-core:OtherResidualIntangibleAssets 2023-09-30 12256483 frs-core:PlantMachinery 2024-09-30 12256483 frs-core:PlantMachinery 2023-10-01 2024-09-30 12256483 frs-core:PlantMachinery 2023-09-30 12256483 frs-core:WithinOneYear 2024-09-30 12256483 frs-core:CapitalRedemptionReserve 2024-09-30 12256483 frs-core:SharePremium 2024-09-30 12256483 frs-core:ShareCapital 2024-09-30 12256483 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12256483 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12256483 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12256483 frs-bus:SmallEntities 2023-10-01 2024-09-30 12256483 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12256483 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12256483 1 2023-10-01 2024-09-30 12256483 frs-core:UnlistedNon-exchangeTraded 2024-09-30 12256483 frs-core:UnlistedNon-exchangeTraded 2023-09-30 12256483 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 12256483 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 12256483 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 12256483 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 12256483 frs-bus:Director1 2023-10-01 2024-09-30 12256483 frs-bus:Director2 2023-10-01 2024-09-30 12256483 frs-countries:EnglandWales 2023-10-01 2024-09-30 12256483 2022-09-30 12256483 2023-09-30 12256483 2022-10-01 2023-09-30 12256483 frs-core:CurrentFinancialInstruments 2023-09-30 12256483 frs-core:Non-currentFinancialInstruments 2023-09-30 12256483 frs-core:BetweenOneFiveYears 2023-09-30 12256483 frs-core:WithinOneYear 2023-09-30 12256483 frs-core:CapitalRedemptionReserve 2023-09-30 12256483 frs-core:SharePremium 2023-09-30 12256483 frs-core:ShareCapital 2023-09-30 12256483 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12256483
Absolutely Games Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12256483
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,756 6,709
Tangible Assets 5 11,584 33,381
Investments 6 1 1
18,341 40,091
CURRENT ASSETS
Debtors 7 343,596 1,639,562
Cash at bank and in hand 61,799 225,897
405,395 1,865,459
Creditors: Amounts Falling Due Within One Year 8 (157,894 ) (1,993,780 )
NET CURRENT ASSETS (LIABILITIES) 247,501 (128,321 )
TOTAL ASSETS LESS CURRENT LIABILITIES 265,842 (88,230 )
Creditors: Amounts Falling Due After More Than One Year 9 (12,500 ) (21,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (8,345 )
NET ASSETS/(LIABILITIES) 253,342 (118,242 )
CAPITAL AND RESERVES
Called up share capital 10 3 3
Share premium account 429,998 429,998
Capital redemption reserve (45,000 ) (45,000 )
Profit and Loss Account (131,659 ) (503,243 )
SHAREHOLDERS' FUNDS 253,342 (118,242)
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For the year ending 30 September 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 James Brooksby
Director
25th March 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Absolutely Games Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12256483 . The registered office is Castle House, Castle Street, Guildford, GU1 3UW.
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. 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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are trademarks. They are amortised to profit and loss account over the estimated economic life of 10 years.
2.4. 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 20% Straight Line
Fixtures & Fittings 33% Straight Line
Computer Equipment 50% Straight Line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 28)
24 28
4. Intangible Assets
Other
£
Cost
As at 1 October 2023 7,340
Additions 849
As at 30 September 2024 8,189
Amortisation
As at 1 October 2023 631
Provided during the period 802
As at 30 September 2024 1,433
Net Book Value
As at 30 September 2024 6,756
As at 1 October 2023 6,709
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 6,346 11,550 66,464 84,360
Additions - - 104 104
As at 30 September 2024 6,346 11,550 66,568 84,464
Depreciation
As at 1 October 2023 1,197 3,302 46,480 50,979
Provided during the period 1,269 3,781 16,851 21,901
As at 30 September 2024 2,466 7,083 63,331 72,880
Net Book Value
As at 30 September 2024 3,880 4,467 3,237 11,584
As at 1 October 2023 5,149 8,248 19,984 33,381
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6. Investments
Unlisted
£
Cost
As at 1 October 2023 1
As at 30 September 2024 1
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 1
As at 1 October 2023 1
Investment in subsidiary company is held at cost less accumulated impairment losses.
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 184,974 1,472,046
Amounts owed by group undertakings 228 60
Other debtors 142,644 151,706
327,846 1,623,812
Due after more than one year
Other debtors 15,750 15,750
343,596 1,639,562
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 69,616 1,918,754
Bank loans and overdrafts 10,000 10,000
Other creditors 52,641 8,891
Taxation and social security 25,637 56,135
157,894 1,993,780
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,500 21,667
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 52,500 52,500
Later than one year and not later than five years 105,000 157,500
157,500 210,000
12. Related Party Transactions
During the period the company received revenue totalling £831,909 (2023: £2,108,044) from a wholly owned subsidiary for the use of IP rights and for the loan of staff during the period.
The company additionally received dividends totalling £1,300,000 (2023: £nil) from the same subsidiary.
Included in Cost of Sales is £855,381 (2023: £2,363,746) paid to a wholly owned subsidiary for the delivery of video games development milestones.
As at the year end, and included in Other Debtors is £228 (2023: £60) owed from a wholly owned subsidiary. This loan is non-interest bearing and repayable on demand.
13. Controlling Party
The company has no controlling party. Each of the shareholders hold less than 50% of share capital.
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