Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11701663 Ms Ella Romanos Mr Richard Clark iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11701663 2024-03-31 11701663 2025-03-31 11701663 2024-04-01 2025-03-31 11701663 frs-core:CurrentFinancialInstruments 2025-03-31 11701663 frs-core:Non-currentFinancialInstruments 2025-03-31 11701663 frs-core:ComputerEquipment 2025-03-31 11701663 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11701663 frs-core:ComputerEquipment 2024-03-31 11701663 frs-core:SharePremium 2025-03-31 11701663 frs-core:ShareCapital 2025-03-31 11701663 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11701663 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11701663 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11701663 frs-bus:SmallEntities 2024-04-01 2025-03-31 11701663 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11701663 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11701663 frs-bus:Director1 2024-04-01 2025-03-31 11701663 frs-bus:Director1 2024-03-31 11701663 frs-bus:Director1 2025-03-31 11701663 frs-bus:Director2 2024-04-01 2025-03-31 11701663 frs-countries:EnglandWales 2024-04-01 2025-03-31 11701663 2023-03-31 11701663 2024-03-31 11701663 2023-04-01 2024-03-31 11701663 frs-core:CurrentFinancialInstruments 2024-03-31 11701663 frs-core:Non-currentFinancialInstruments 2024-03-31 11701663 frs-core:SharePremium 2024-03-31 11701663 frs-core:ShareCapital 2024-03-31 11701663 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11701663
Fundamentally Games Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11701663
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 965
- 965
CURRENT ASSETS
Debtors 5 134,538 46,740
Cash at bank and in hand 4,128 39,011
138,666 85,751
Creditors: Amounts Falling Due Within One Year 6 (133,665 ) (63,736 )
NET CURRENT ASSETS (LIABILITIES) 5,001 22,015
TOTAL ASSETS LESS CURRENT LIABILITIES 5,001 22,980
Creditors: Amounts Falling Due After More Than One Year 7 - (141,192 )
NET ASSETS/(LIABILITIES) 5,001 (118,212 )
CAPITAL AND RESERVES
Called up share capital 8 108 101
Share premium account 670,158 665,165
Profit and Loss Account (665,265 ) (783,478 )
SHAREHOLDERS' FUNDS 5,001 (118,212)
Page 1
Page 2
For the year ending 31 March 2025 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
Ms Ella Romanos
Director
17 June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fundamentally Games Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11701663 . The registered office is Queensgate House, 48 Queen Street, Exeter, EX4 3SR.
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 recognised at the fair value of the consideration received or receivable for products provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of video game licences is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch or download) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.3. 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:
Computer Equipment straight line over two years
2.4. 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.
2.5. Taxation
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 years  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.
The company has claimed a Creative Industries tax credit to reduce the amount of tax payable which may result in an overall amount repayable to the company.
A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 10)
2 10
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 16,368
As at 31 March 2025 16,368
Depreciation
As at 1 April 2024 15,403
Provided during the period 965
As at 31 March 2025 16,368
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 965
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 66,464 8,600
Corporation tax recoverable assets 11,074 27,126
VAT - 10,679
Directors' loan accounts - 335
Amounts owed by associates 57,000 -
134,538 46,740
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 88 440
Bank loans and overdrafts - 2,889
Other loans 131,754 58,202
Other taxes and social security - 184
VAT 323 -
Other creditors - 521
Accruals and deferred income 1,500 1,500
133,665 63,736
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 141,192
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 108 101
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Ms Ella Romanos 335 - 335 - -
The above loan is unsecured, interest free and repayable on demand.
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