1710 Gaming Ltd - Period Ending 2021-01-31
1710 Gaming Ltd - Period Ending 2021-01-31
Registration number:
1710 Gaming Ltd
for the Year Ended 31 January 2021
1710 Gaming Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
1710 Gaming Ltd
Company Information
Director |
Ms C Thakor-Rankin |
Registered office |
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Accountants |
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1710 Gaming Ltd
(Registration number: 08383897)
Balance Sheet as at 31 January 2021
Note |
31 January |
31 January |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Profit and loss account |
562,945 |
511,093 |
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Shareholders' funds |
562,946 |
511,094 |
For the financial year ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
1710 Gaming Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
Judgements
The director considers that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the 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 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.
1710 Gaming Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021 (continued)
2 |
Accounting policies (continued) |
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.
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 |
Office equipment |
25% straight line |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Trademark |
Straight line over 10 years |
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.
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.
Financial instruments
Classification
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.
1710 Gaming Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021 (continued)
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Intangible assets |
Other intangible assets |
Total |
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Cost or valuation |
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At 1 February 2020 |
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At 31 January 2021 |
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Amortisation |
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At 1 February 2020 |
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Amortisation charge |
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At 31 January 2021 |
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Carrying amount |
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At 31 January 2021 |
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At 31 January 2020 |
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1710 Gaming Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021 (continued)
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 February 2020 |
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At 31 January 2021 |
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Depreciation |
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At 1 February 2020 |
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Charge for the year |
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At 31 January 2021 |
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Carrying amount |
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At 31 January 2021 |
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At 31 January 2020 |
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Debtors |
31 January |
31 January |
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Trade debtors |
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Other debtors |
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1710 Gaming Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021 (continued)
Creditors |
Creditors: amounts falling due within one year
31 January |
31 January |
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Due within one year |
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Trade creditors |
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- |
Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
31 January |
31 January |
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No. |
£ |
No. |
£ |
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1 |
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1 |
Related party transactions |
Transactions with the director |
2021 |
At 1 February 2020 |
Advances to directors |
Repayments by director |
At 31 January 2021 |
Amount owed to the Director |
28,013 |
( |
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2020 |
At 1 February 2019 |
Advances to directors |
Repayments by director |
At 31 January 2020 |
Amount owed to the Director |
27,978 |
( |
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