Skillgame Limited - Filleted accounts

Registered number

01790176

Skillgame Limited

Unaudited Filleted Accounts

31 May 2025

Skillgame Limited
Registered number:		01790176
Balance Sheet
as at 31 May 2025



Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		295,228			271,029

Current assets
Stocks		6,717			5,986
Debtors	4	115,749			118,227
Cash at bank and in hand		555,811			623,296

		678,277			747,509

Creditors: amounts falling due within one year	5	(36,295)			(69,728)

Net current assets			641,982			677,781

Total assets less current liabilities			937,210			948,810

Creditors: amounts falling due after more than one year	6		(86,879)			-

Provisions for liabilities			(68,749)			(67,757)


Net assets			781,582			881,053

Capital and reserves
Called up share capital			2			2
Profit and loss account			781,580			881,051

Shareholder's funds			781,582			881,053


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 10 October 2025




S.W. Clark
Director

Skillgame Limited
Notes to the unaudited financial statements
for the year ended 31 May 2025



1	Accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% per annum straight line
	Moror vehicles	20% per annum straight line


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.





1	Accounting policies (continued)

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


1	Accounting policies (continued)

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme and makes contributions into employees' own schemes. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the schemes. The assets of the schemes are held separately to those of the company.

	Going concern
	The directors are of the opinion that the company will increase its turnover and that it is well placed to manage business risks successfully. Accordingly, they have a reasonable expectation that the company will manage its resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.




2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company (including directors)			7		7



3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2024	246,104		365,474		611,578
	Additions	10,898		170,050		180,948
	Disposals	(4,426)		(214,972)		(219,398)

	At 31 May 2025	252,576		320,552		573,128

	Depreciation
	At 1 June 2024	201,050		139,499		340,549
	Charge for the year	13,930		51,685		65,615
	On disposals	(4,075)		(124,189)		(128,264)

	At 31 May 2025	210,905		66,995		277,900

	Net book value
	At 31 May 2025	41,671		253,557		295,228
	At 31 May 2024	45,054		225,975		271,029


4	Debtors			2025		2024
£					£

	Trade debtors			95,975		98,817
	Other debtors			19,774		19,410

				115,749		118,227


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			6,103		-
	Trade creditors			8,300		3,849
	Taxation and social security costs			14,584		41,977
	Other creditors			7,308		23,902

				36,295		69,728



6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			86,879		-



7	Pension commitments

	The company operates a defined contribution pension schemes for employees. The assets of the scheme are held separately from those of the company. At the balance sheet date, unpaid contributions of £55 (2024 : £55) were due to the fund. The liability is included in other creditors.


8	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases			79,685		109,567


9	Controlling party

	The Company was under the control of Mr.S.W. Clark by virtue of his holding 100% of the issued share capital.


10	Other information

	Skillgame Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Units H & I, Maybrook Industrial Estate
	Maybrook Road
	Walsall
	West Midlands
	WS8 7DG