REGISTERED NUMBER: 05000774 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE GAME XCHANGE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S Rakholiya

REGISTERED OFFICE:

Unit 5 Abercorn Commercial Centre

Manor Farm Road

Wembley

Middlesex

HA0 1AN

REGISTERED NUMBER:

05000774 (England and Wales)

ACCOUNTANTS:

David Simon Limited

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Intangible assets

4

172,294

215,368

Tangible assets

5

1,692

3,873

173,986

219,241

CURRENT ASSETS

Stocks

1,388,407

1,378,650

Debtors

6

109,735

77,414

Cash at bank and in hand

1,347

1,347

1,499,489

1,457,411

CREDITORS

Amounts falling due within one year

7

1,104,916

1,004,756

NET CURRENT ASSETS

394,573

452,655

TOTAL ASSETS LESS CURRENT LIABILITIES

568,559

671,896

CREDITORS

Amounts falling due after more than one year

8

72,866

166,350

NET ASSETS

495,693

505,546

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

495,691

505,544

SHAREHOLDERS' FUNDS

495,693

505,546

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.

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

The financial statements were approved by the director and authorised for issue on 28 December 2025 and were signed by:

Mr S Rakholiya - Director

1.	STATUTORY INFORMATION

The Game Xchange 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

Straight line over life of lease

Plant and machinery etc

-

33.33% on cost and 25% on cost

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 Income Statement, 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 statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government assisted loans

Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

430,738

AMORTISATION

At 1 April 2024

215,370

Charge for year

43,074

At 31 March 2025

258,444

NET BOOK VALUE

At 31 March 2025

172,294

At 31 March 2024

215,368

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

3,938

71,203

75,141

DEPRECIATION

At 1 April 2024

3,938

67,330

71,268

Charge for year

-

2,181

2,181

At 31 March 2025

3,938

69,511

73,449

NET BOOK VALUE

At 31 March 2025

-

1,692

1,692

At 31 March 2024

-

3,873

3,873

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

17,472

7,336

Other debtors

92,263

70,078

109,735

77,414

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

130,026

281,034

Trade creditors

83,197

242,851

Taxation and social security

53,894

65,744

Other creditors

837,799

415,127

1,104,916

1,004,756

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

71,199

154,683

Other creditors

1,667

11,667

72,866

166,350

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

55,000

Between one and five years

-

197,083

-

252,083

10.	SECURED DEBTS

A bank has registered a fixed and floating charge over the assets of the company which also contains a negative pledge.

11.	RELATED PARTY DISCLOSURES

Included in turnover is an amount of £15,000 (2024: £36,667) relating to goods sold to a connected company.

Included in Trade Debtors is an amount of £Nil (2024: £18,000) due from a company in which the director of the company has an interest.

Included in creditors is an amount of £Nil (2024: £150,000) due to a connected company.