Registration number: 07553038

Wexel Gaming Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Wexel Gaming Limited

Company Information

Directors

Mr A Snell Mr S M Wykes Mr P Dunnett Mrs V J Young Mr S M Young

Registered office

Unit 3, Leisure Way Malmo Road KINGSTON UPON HULL HU7 0AP

Wexel Gaming Limited

(Registration number: 07553038)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	8,772	10,795
		8,772	10,795
Current assets
Debtors	5	312,363	177,946
Cash at bank and in hand		7,302,301	5,457,684
		7,614,664	5,635,630
Creditors: Amounts falling due within one year	6	(1,088,101)	(447,677)
Net current assets		6,526,563	5,187,953
Total assets less current liabilities		6,535,335	5,198,748
Provisions for liabilities		(2,193)	(2,699)
Net assets		6,533,142	5,196,049
Capital and reserves
Called up share capital		100	100
Retained earnings		6,533,042	5,195,949
Shareholders' funds		6,533,142	5,196,049

For the financial year ending 31 July 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 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 Profit and Loss Account.

Approved and authorised by the Board on 29 April 2026 and signed on its behalf by:
 

......................................... Mrs V J Young Director

Wexel Gaming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 3, Leisure Way
Malmo Road
KINGSTON UPON HULL
HU7 0AP

These financial statements were authorised for issue by the Board on 29 April 2026.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Wexel Gaming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

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 balance sheet 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
Furniture and fittings	15% reducing balance
Plant and machinery	20% on cost
Office Equipment	33% reducing balance

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.

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.

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.

Wexel Gaming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 August 2024	14,126	2,358	16,484
Additions	99	-	99
At 31 July 2025	14,225	2,358	16,583
Depreciation
At 1 August 2024	4,932	757	5,689
Charge for the year	1,650	472	2,122
At 31 July 2025	6,582	1,229	7,811
Carrying amount
At 31 July 2025	7,643	1,129	8,772
At 31 July 2024	9,194	1,601	10,795

5

Debtors

	2025 £	2024 £
Trade debtors	309,023	174,941
Prepayments	3,340	3,005
	312,363	177,946

Wexel Gaming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		49,859	31,488
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	750,000	-
Taxation and social security		284,609	413,789
Accruals and deferred income		2,400	2,400
Other creditors		1,233	-
		1,088,101	447,677

7	Related party transactions

Advantage has been taken under FRS102 Section 33.1A of the exemption available to groups of companies not to disclose transactions and balances involving wholly owned group companies.

8	Parent and ultimate parent undertaking

The company's immediate parent is Leisure Electronics Holdings Limited, incorporated in England & Wales.

 The ultimate controlling party is Mr and Mrs Young.