GiocoGuado Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08871739

GiocoGuado Ltd

Filleted Unaudited Financial Statements

For the year ended

31 January 2025

GiocoGuado Ltd

Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	147,252	86,958
Tangible assets	6	175,232	202,354
		---------	---------
		322,484	289,312

Current assets

Stocks		264,936	402,808
Debtors	7	249,399	255,730
Cash at bank and in hand		356,338	253,941
		---------	---------
		870,673	912,479

Creditors: amounts falling due within one year	8	290,222		169,176
		---------		---------
Net current assets			580,451		743,303
			---------		------------
Total assets less current liabilities			902,935		1,032,615

Provisions

Taxation including deferred tax	33,159	38,155
	---------	------------
Net assets	869,776	994,460
	---------	------------

Capital and reserves

Called up share capital	12	12
Share premium account	299,578	299,578
Profit and loss account	570,186	694,870
	---------	---------
Shareholders funds	869,776	994,460
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GiocoGuado Ltd

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

Mr W Playford

Director

Company registration number: 08871739

GiocoGuado Ltd

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Chesterton Hall Crescent, Cambridge, CB4 1AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Research and development Research expenditure is written off in the period in which it is incurred. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Patents, trademarks and licences	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	25% straight line
Plant and machinery	-	10% straight line
Equipment	-	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 11 ).

5. Intangible assets

	Patents, trademarks and licences
	£
Cost
At 1 February 2024	97,716
Additions	70,096
	---------
At 31 January 2025	167,812
	---------
Amortisation
At 1 February 2024	10,758
Charge for the year	9,802
	---------
At 31 January 2025	20,560
	---------
Carrying amount
At 31 January 2025	147,252
	---------
At 31 January 2024	86,958
	---------

6. Tangible assets

	Leasehold improvements	Plant and machinery	Equipment	Total
	£	£	£	£
Cost
At 1 February 2024	24,381	263,856	34,453	322,690
Additions	1,505	7,475	3,010	11,990
	--------	---------	--------	---------
At 31 January 2025	25,886	271,331	37,463	334,680
	--------	---------	--------	---------
Depreciation
At 1 February 2024	11,952	92,965	15,419	120,336
Charge for the year	7,626	22,749	8,737	39,112
	--------	---------	--------	---------
At 31 January 2025	19,578	115,714	24,156	159,448
	--------	---------	--------	---------
Carrying amount
At 31 January 2025	6,308	155,617	13,307	175,232
	--------	---------	--------	---------
At 31 January 2024	12,429	170,891	19,034	202,354
	--------	---------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	1,471	1,567
Other debtors	247,928	254,163
	---------	---------
	249,399	255,730
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	215,235	109,557
Social security and other taxes	11,468	28,229
Other creditors	63,519	31,390
	---------	---------
	290,222	169,176
	---------	---------

9. Other financial commitments

The total future minimum payments under non-cancellable obligations are £ 112,860 (2024: £ 169,290 ).

10. Directors' advances, credits and guarantees

During the current and previous year the company made advances to and received repayments from a director. Interest has been charged at the official HMRC rate on any overdrawn loan account balances greater than £10,000, there are no repayment terms.

	2025	2024
	£	£
Advances	994	76
Repayments	1,070	–
Balances due from director	–	76