Concept Gaming Ltd 07289475 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Game developers Digita Accounts Production Advanced 6.30.9574.0 true true 07289475 2023-07-01 2024-06-30 07289475 2024-06-30 07289475 bus:Director3 1 2024-06-30 07289475 bus:OrdinaryShareClass1 2024-06-30 07289475 core:CurrentFinancialInstruments 2024-06-30 07289475 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 07289475 core:Non-currentFinancialInstruments 2024-06-30 07289475 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 07289475 core:FurnitureFittingsToolsEquipment 2024-06-30 07289475 bus:SmallEntities 2023-07-01 2024-06-30 07289475 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07289475 bus:FilletedAccounts 2023-07-01 2024-06-30 07289475 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07289475 bus:RegisteredOffice 2023-07-01 2024-06-30 07289475 bus:Director1 2023-07-01 2024-06-30 07289475 bus:Director2 2023-07-01 2024-06-30 07289475 bus:Director3 2023-07-01 2024-06-30 07289475 bus:Director3 1 2023-07-01 2024-06-30 07289475 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 07289475 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07289475 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 07289475 core:PlantMachinery 2023-07-01 2024-06-30 07289475 countries:AllCountries 2023-07-01 2024-06-30 07289475 2023-06-30 07289475 bus:Director3 1 2023-06-30 07289475 core:FurnitureFittingsToolsEquipment 2023-06-30 07289475 2022-07-01 2023-06-30 07289475 2023-06-30 07289475 bus:Director3 1 2023-06-30 07289475 bus:OrdinaryShareClass1 2023-06-30 07289475 core:CurrentFinancialInstruments 2023-06-30 07289475 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07289475 core:Non-currentFinancialInstruments 2023-06-30 07289475 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 07289475 core:FurnitureFittingsToolsEquipment 2023-06-30 07289475 bus:Director3 1 2022-07-01 2023-06-30 07289475 bus:Director3 1 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07289475

Concept Gaming Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Concept Gaming Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Concept Gaming Ltd

Company Information

Directors

Mr H Ford

Mr RJ Preedy

Mr J Doughty

Registered office

2 Western Street
Barnsley
South Yorkshire
S70 2BP

Accountants

Cameron Alexander Accountants Ltd
Chartered Certified Accountants
2 Western Street
Barnsley
South Yorkshire
S70 2BP

 

Concept Gaming Ltd

(Registration number: 07289475)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

39

229

Current assets

 

Debtors

4

130,844

99,490

Cash at bank and in hand

 

2,442

13,842

 

133,286

113,332

Creditors: Amounts falling due within one year

5

(44,989)

(35,453)

Net current assets

 

88,297

77,879

Total assets less current liabilities

 

88,336

78,108

Creditors: Amounts falling due after more than one year

5

(257,500)

(205,000)

Net liabilities

 

(169,164)

(126,892)

Capital and reserves

 

Called up share capital

6

100

100

Share premium reserve

249,981

249,981

Retained earnings

(419,245)

(376,973)

Shareholders' deficit

 

(169,164)

(126,892)

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.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 December 2024 and signed on its behalf by:
 

.........................................
Mr J Doughty
Director

 

Concept Gaming Ltd

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

1

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible 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.

 

Concept Gaming Ltd

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

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

Plant and machinery etc

- 25% on reducing balance and 25% on cost

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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Concept Gaming Ltd

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

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

2,101

2,101

At 30 June 2024

2,101

2,101

Depreciation

At 1 July 2023

1,872

1,872

Charge for the year

190

190

At 30 June 2024

2,062

2,062

Carrying amount

At 30 June 2024

39

39

At 30 June 2023

229

229

4

Debtors

Current

2024
£

2023
£

Trade debtors

12,056

19,758

Prepayments

9,946

1,990

Other debtors

108,842

77,742

 

130,844

99,490

 

Concept Gaming Ltd

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

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

4,106

1,953

Taxation and social security

3,143

1,214

Accruals and deferred income

550

550

Other creditors

37,190

31,736

44,989

35,453

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

257,500

205,000

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

257,500

205,000

 

Concept Gaming Ltd

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

8

Related party transactions

Transactions with directors

2024

At 1 July 2023
£

At 30 June 2024
£

Mr J Doughty

No interest is charged on the loan and there is no fixed date of repayment.

(4,982)

(4,982)

2023

At 1 July 2022
£

At 30 June 2023
£

Mr J Doughty

No interest is charged on the loan and there is no fixed date of repayment.

(4,982)

(4,982)