REGISTERED NUMBER: 09559624 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

1UP Gaming Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Pierce

REGISTERED OFFICE:

Building 5, Unit 5B

Bentwaters Parks

Rendlesham

Suffolk

IP12 2TW

REGISTERED NUMBER:

09559624 (England and Wales)

ACCOUNTANTS:

Pinfold & Co

8 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

FIXED ASSETS

Tangible assets

4

1,005

591

CURRENT ASSETS

Stocks

3,532

850

Debtors

1,062

108

Cash at bank

5,605

5,865

10,199

6,823

CREDITORS

Amounts falling due within one year

(14,750

)

(12,610

)

NET CURRENT LIABILITIES

(4,551

)

(5,787

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,546

)

(5,196

)

PROVISIONS FOR LIABILITIES

5

(191

)

-

NET LIABILITIES

(3,737

)

(5,196

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(3,837

)

(5,296

)

SHAREHOLDERS' FUNDS

(3,737

)

(5,196

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

M Pierce - Director

1.	STATUTORY INFORMATION

1UP Gaming Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

The turnover represents net invoiced sales of goods, excluding value added tax, arising from being a retailer of computer games.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

3,568

Additions

999

At 31 March 2025

4,567

DEPRECIATION

At 1 April 2024

2,977

Charge for year

585

At 31 March 2025

3,562

NET BOOK VALUE

At 31 March 2025

1,005

At 31 March 2024

591

5.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

191

-

Deferred

tax

£

Charge to Statement of Income and Retained Earnings during year

191

Balance at 31 March 2025

191

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

7.	SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayment to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

M Pierce

Balance outstanding at start of year

10,912

11,429

Amounts advanced

2,272

612

Amounts repaid

(144

)

(1,129

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,040

10,912

8.	ULTIMATE CONTROLLING PARTY

The controlling party is M Pierce.