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REGISTERED NUMBER: 14451765 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

PEOPLE MAKE GAMES LTD

PEOPLE MAKE GAMES LTD (REGISTERED NUMBER: 14451765)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PEOPLE MAKE GAMES LTD

Company Information
for the year ended 31 October 2024







DIRECTORS: Q A H Smith
C Bratt
A Sayers





REGISTERED OFFICE: Preston Park House
South Road
Brighton
BN1 6SB





REGISTERED NUMBER: 14451765 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

PEOPLE MAKE GAMES LTD (REGISTERED NUMBER: 14451765)

Balance Sheet
31 October 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 922 1,024
Tangible assets 5 1,163 652
Investments 6 29,734 -
31,819 1,676

CURRENT ASSETS
Debtors 7 - 200
Cash at bank and in hand 5,902 20,625
5,902 20,825
CREDITORS
Amounts falling due within one year 8 (35,457 ) (18,669 )
NET CURRENT (LIABILITIES)/ASSETS (29,555 ) 2,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,264

3,832

PROVISIONS FOR LIABILITIES 9 (292 ) (163 )
NET ASSETS 1,972 3,669

CAPITAL AND RESERVES
Called up share capital 10 2 3
Retained earnings 1,970 3,666
SHAREHOLDERS' FUNDS 1,972 3,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

PEOPLE MAKE GAMES LTD (REGISTERED NUMBER: 14451765)

Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2025 and were signed on its behalf by:




C Bratt - Director A Sayers - Director




Q A H Smith - Director


PEOPLE MAKE GAMES LTD (REGISTERED NUMBER: 14451765)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

People Make Games Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts, and is recognised as follows. Revenue for the sale of services and crowdfunding are recognised at the point of sale. Royalties are recognised when the right to receive payment is established. Royalties earned but not yet received are included in debtors. Advertising revenue is recognised on a monthly basis when the company has satisfied its obligations.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings - 33% on cost
Computer Equipment - 33% on cost

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PEOPLE MAKE GAMES LTD (REGISTERED NUMBER: 14451765)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Patents and
licences
£
COST
At 1 November 2023
and 31 October 2024 1,024
AMORTISATION
Amortisation for year 102
At 31 October 2024 102
NET BOOK VALUE
At 31 October 2024 922
At 31 October 2023 1,024

PEOPLE MAKE GAMES LTD (REGISTERED NUMBER: 14451765)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 November 2023 644 330 974
Additions 437 809 1,246
At 31 October 2024 1,081 1,139 2,220
DEPRECIATION
At 1 November 2023 213 109 322
Charge for year 358 377 735
At 31 October 2024 571 486 1,057
NET BOOK VALUE
At 31 October 2024 510 653 1,163
At 31 October 2023 431 221 652

6. FIXED ASSET INVESTMENTS
Other
investments
£
COST
Additions 29,734
At 31 October 2024 29,734
NET BOOK VALUE
At 31 October 2024 29,734

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 200

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 125 -
Taxation and social security 30,406 17,627
Other creditors 4,926 1,042
35,457 18,669

PEOPLE MAKE GAMES LTD (REGISTERED NUMBER: 14451765)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 292 163

Deferred tax
£
Balance at 1 November 2023 163
Provided during year 129
Balance at 31 October 2024 292

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary A £1 2 2
1 Ordinary B £1 - 1
2 3