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Registered number: 08225441
Go Play Games Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Elsby & Company Limited
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08225441
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,752 24,488
Investment Properties 5 240,000 240,000
Investments 6 453,114 364,491
715,866 628,979
CURRENT ASSETS
Stocks 7 42,474 41,103
Debtors 8 107,729 92,347
Cash at bank and in hand 1,381,444 1,188,092
1,531,647 1,321,542
Creditors: Amounts Falling Due Within One Year 9 (209,722 ) (205,502 )
NET CURRENT ASSETS (LIABILITIES) 1,321,925 1,116,040
TOTAL ASSETS LESS CURRENT LIABILITIES 2,037,791 1,745,019
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,367 ) (8,367 )
NET ASSETS 2,029,424 1,736,652
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 (25,100 ) (25,100 )
Profit and Loss Account 2,054,424 1,761,652
SHAREHOLDERS' FUNDS 2,029,424 1,736,652
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 J P Scott
Director
29th August 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
Go Play Games Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08225441 . The registered office is 155 Wellingborough Road, Rushden, Northamptonshire, NN10 9TB.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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:
Improvements 10% on cost
Website Development Straight line over 5 years
Fixtures & Fittings Straight line over 5 years
Computer Equipment 25% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
2.6. 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.
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2.7. Taxation
The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.
The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 30 September 2024.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Improvements Website Development Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 27,033 12,000 4,365 5,987 49,385
Additions - - - 2,520 2,520
As at 30 September 2024 27,033 12,000 4,365 8,507 51,905
Depreciation
As at 1 October 2023 5,407 12,000 1,603 5,887 24,897
Provided during the period 2,703 - 873 680 4,256
As at 30 September 2024 8,110 12,000 2,476 6,567 29,153
Net Book Value
As at 30 September 2024 18,923 - 1,889 1,940 22,752
As at 1 October 2023 21,626 - 2,762 100 24,488
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 240,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 206,533 206,533
Page 4
Page 5
6. Investments
Other
£
Cost
As at 1 October 2023 364,491
Revaluations 88,623
As at 30 September 2024 453,114
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 453,114
As at 1 October 2023 364,491
7. Stocks
2024 2023
£ £
Work in progress 42,474 41,103
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 82,205 64,791
Other debtors 25,524 27,556
107,729 92,347
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 125 (1 )
Other creditors 7,667 13,282
Taxation and social security 201,930 192,221
209,722 205,502
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 5
Page 6
11. Reserves
Fair Value Reserve
£
As at 1 October 2023 (25,100 )
As at 30 September 2024 (25,100 )
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