Format Games Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12192690

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,090		4,709

			4,090		4,709
CURRENT ASSETS
Stocks	5	132,299		-
Debtors	6	121,083		99,957
Cash at bank and in hand		98,156		21,687

		351,538		121,644
Creditors: Amounts Falling Due Within One Year	7	(212,090 )		(114,052 )

NET CURRENT ASSETS (LIABILITIES)			139,448		7,592

TOTAL ASSETS LESS CURRENT LIABILITIES			143,538		12,301

Creditors: Amounts Falling Due After More Than One Year	8		(139,913 )		(9,333 )

NET ASSETS			3,625		2,968

CAPITAL AND RESERVES
Called up share capital	9		20		20
Profit and Loss Account			3,605		2,948

SHAREHOLDERS' FUNDS			3,625		2,968

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Format Games Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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

L J Emmett

Director

03/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Format Games Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12192690 . The registered office is 45 Timms Close, Horsham, RH12 4TN.

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.

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:

Fixtures & Fittings	25% on cost
Computer Equipment	33% on cost

2.4. 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.

2.5. 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.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 3)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	563	12,275	12,838
Additions	666	4,207	4,873

As at 31 December 2024	1,229	16,482	17,711

...CONTINUED

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Format Games Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	141	7,988	8,129
Provided during the period	141	5,351	5,492

As at 31 December 2024	282	13,339	13,621

Net Book Value
As at 31 December 2024	947	3,143	4,090

As at 1 January 2024	422	4,287	4,709

5. Stocks

	2024	2023
	£	£
Stock	132,299	-

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	49,783	51,276
Amounts owed by group undertakings	70,136	27,664
Other debtors	1,164	21,017

	121,083	99,957

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	116,271	8,691
Bank loans and overdrafts	42,929	4,000
Other creditors	1,230	10,231
Taxation and social security	51,660	91,130

	212,090	114,052

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	139,913	9,333

Included within bank loans due within one year and more than one year is £9,333 (2023: £15,333) in respect of an unsecured bank loan which is guaranteed by the government under the Bounce Back Loan Scheme.

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	20	20

10. Related Party Transactions

Included within other creditors is a balance of £Nil (2023: £6,231) owed to the company directors.

Included within other debtors is £71,300 (2023: £38,839) owed by a connected companies.

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