Company Registration No. 11754974 (England and Wales)
Numskull Games Ltd
Unaudited accounts
for the year ended 31 December 2024
Numskull Games Ltd
Unaudited accounts
Contents
Numskull Games Ltd
Company Information
for the year ended 31 December 2024
Directors
Martin David Defries
Benjamin Alun Grant
Matthew Martin Precious
Company Number
11754974 (England and Wales)
Registered Office
Attimore Barn
Ridgeway
Welwyn Garden City
AL7 2AD
United Kingdom
Accountants
Embee Oak
Unit 14 Mill Stream Lodge
Uxbridge Road
Rickmansworth
Herts
WD3 8JQ
Numskull Games Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
33,721
186,848
Creditors: amounts falling due within one year
(1,171,066)
(1,545,857)
Net current (liabilities)/assets
(31,865)
112,433
Total assets less current liabilities
(31,107)
113,993
Provisions for liabilities
Net (liabilities)/assets
(31,569)
113,531
Called up share capital
300
300
Profit and loss account
(31,869)
113,231
Shareholders' funds
(31,569)
113,531
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by
Martin David Defries
Director
Company Registration No. 11754974
Numskull Games Ltd
Notes to the Accounts
for the year ended 31 December 2024
Numskull Games Ltd is a private company, limited by shares, registered in England and Wales, registration number 11754974. The registered office is Attimore Barn, Ridgeway, Welwyn Garden City, AL7 2AD, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Numskull Games Ltd
Notes to the Accounts
for the year ended 31 December 2024
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments " and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occuring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
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 company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments
discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
Numskull Games Ltd
Notes to the Accounts
for the year ended 31 December 2024
The financial statements have been prepared on a going concern basis. Although the balance sheet at the year end shows net liabilities, the directors have considered the company’s financial position and future prospects. The company is expecting to return to modest profitability in 2025 and is forecast to continue to trade profitably. In addition, the company benefits from the ongoing financial support of Rubber Road Ltd, a related party, which has confirmed it will provide such support as is necessary for the company to meet its obligations as they fall due.
On this basis, the directors consider that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of preparation is appropriate.
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
279,406
450,840
Accrued income and prepayments
454,115
1,011,444
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
35,410
139,545
Trade creditors
91,457
57,957
Amounts owed to group undertakings and other participating interests
412,643
543,739
Taxes and social security
5,273
9,857
Numskull Games Ltd
Notes to the Accounts
for the year ended 31 December 2024
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Transactions with related parties
During the year the company received short term loans from Rubber Road Limited, a company with common shareholders. At the year end the amount due to Rubber Road Limited amounted to £313,997 (2023: £495,582).
During the year the company received short term loans from Yellow Bulldog Limited, a company with common shareholders. At the year end the amount due to Yellow Bulldog Limited amounted to £98,646 (2023: £48,157).
The above amounts are interest free and payable on demand.
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Average number of employees
During the year the average number of employees was 5 (2023: 5).