Company Registration No. 10528139 (England and Wales)
Games Galaxy Retail Ltd
Unaudited accounts
for the year ended 31 October 2025
Games Galaxy Retail Ltd
Unaudited accounts
Contents
Games Galaxy Retail Ltd
Company Information
for the year ended 31 October 2025
Directors
Mr N Agar
Mr L Mallabar
Mrs Y Y J Mallabar
Miss C L Hudson
Company Number
10528139 (England and Wales)
Registered Office
Games Galaxy Megastore
The Derwent Centre
Consett
County Durham
DH8 5SD
England
Accountants
Accountants For The Trade Limited
3B Linden Park
Number One Industrial Estate
Consett
DH8 6SZ
Games Galaxy Retail Ltd
Statement of financial position
as at 31 October 2025
Tangible assets
6,120
5,887
Cash at bank and in hand
16,151
6,228
Creditors: amounts falling due within one year
(45,876)
(49,356)
Net current assets
28,032
20,570
Total assets less current liabilities
34,152
26,457
Provisions for liabilities
Deferred tax
(1,163)
(1,115)
Called up share capital
4
4
Profit and loss account
32,985
25,338
Shareholders' funds
32,989
25,342
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by
Mr N Agar
Director
Company Registration No. 10528139
Games Galaxy Retail Ltd
Notes to the Accounts
for the year ended 31 October 2025
Games Galaxy Retail Ltd is a private company, limited by shares, registered in England and Wales, registration number 10528139. The registered office is Games Galaxy Megastore, The Derwent Centre, Consett, County Durham, DH8 5SD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Games Galaxy Retail Ltd
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2024
10,609
-
10,609
At 31 October 2025
10,609
876
11,485
At 1 November 2024
4,722
-
4,722
Charge for the year
591
52
643
At 31 October 2025
5,313
52
5,365
At 31 October 2025
5,296
824
6,120
At 31 October 2024
5,887
-
5,887
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1,793
-
Other creditors
6,807
7,019
Loans from directors
32,026
34,824
7
Average number of employees
During the year the average number of employees was 8 (2024: 7).