Registration number: 11520792

By Gamers For Gamers Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

By Gamers For Gamers Ltd

(Registration number: 11520792)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	(As restated) 2023 £
Fixed assets
Intangible assets	4	1,830,376	1,108,680
Tangible assets	5	23,234	23,157
Other financial assets	6	683,493	262,278
		2,537,103	1,394,115
Current assets
Debtors	7	646,310	1,058,778
Cash at bank and in hand		279,126	435,656
		925,436	1,494,434
Creditors: Amounts falling due within one year	8	(1,393,364)	(775,789)
Net current (liabilities)/assets		(467,928)	718,645
Total assets less current liabilities		2,069,175	2,112,760
Creditors: Amounts falling due after more than one year	8	(154,146)	(225,170)
Provisions for liabilities		(2,731)	-
Net assets		1,912,298	1,887,590
Capital and reserves
Called up share capital		127	127
Share premium reserve		1,624,610	1,624,610
Retained earnings		287,561	262,853
Shareholders' funds		1,912,298	1,887,590

By Gamers For Gamers Ltd

(Registration number: 11520792)
Statement of Financial Position as at 31 December 2024

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Mr W G Blears Director

By Gamers For Gamers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Bgfg, Use Space
Paddock Street
Manchester
M12 6HT

These financial statements were authorised for issue by the Board on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Prior period errors

During the year the directors identified that an equity investment was recognised incorrectly as revenue. The error has been corrected by restating comparative amounts for the prior period. The impact of the correction was to increase reserves and increase net assets for the year ended 31 December 2024 by £99,555.

Revenue recognition

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 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.

Page 3

By Gamers For Gamers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold	20% Straight line
Office equipment	33% Straight line
Motor vehicles	20% Straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life.

Websites are not amortised as the directors believe there is no reduction in their carrying value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

By Gamers For Gamers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 37 (2023 - 34).

By Gamers For Gamers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Website £	Total £
Cost or valuation
At 1 January 2024	1,108,680	1,108,680
Additions internally developed	77,406	77,406
Additions acquired separately	1,110,347	1,110,347
Disposals	(466,057)	(466,057)
At 31 December 2024	1,830,376	1,830,376
Carrying amount
At 31 December 2024	1,830,376	1,830,376
At 31 December 2023	1,108,680	1,108,680

Websites are not amortised as the directors believe there is no reduction in their carrying value.

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	31,086	88,208	119,294
Additions	-	15,303	15,303
At 31 December 2024	31,086	103,511	134,597
Depreciation
At 1 January 2024	14,272	81,865	96,137
Charge for the year	6,217	9,009	15,226
At 31 December 2024	20,489	90,874	111,363
Carrying amount
At 31 December 2024	10,597	12,637	23,234
At 31 December 2023	16,814	6,343	23,157

Included within the net book value of land and buildings above is £10,597 (2023 - £16,814) in respect of long leasehold land and buildings.
 

By Gamers For Gamers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2024	262,278	262,278
Additions	421,215	421,215
At 31 December 2024	683,493	683,493
Impairment
Carrying amount
At 31 December 2024	683,493	683,493

7

Debtors

Current	2024 £	2023 £
Trade debtors	302,338	63,877
Prepayments	14,784	12,418
Other debtors	329,188	982,483
	646,310	1,058,778

By Gamers For Gamers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	(As restated) 2023 £
Due within one year
Loans and borrowings		254,679	230,221
Trade creditors		79,345	88,473
Taxation and social security		87,029	38,554
Accruals and deferred income		18,053	-
Other creditors		954,258	418,541
		1,393,364	775,789

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings		154,146	225,170