Intergame Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 02925906

Intergame Limited

Filleted Unaudited Financial Statements

31 December 2022

Intergame Limited

Financial Statements

Year ended 31 December 2022

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Intergame Limited

Officers and Professional Advisers

The board of directors	Mrs Christine Ann Butterworth
	Mr David Harvey Snook
	Miss Susan Claire Butterworth

Company secretary	Christine Ann Butterworth

Registered office	Office Block 1
	Southlink Business Park
	Hamilton Street
	Oldham
	OL4 1DE

Accountants	HCF Accountants Ltd
	Chartered Certified Accountants
	Hinde Clough Farm
	Overtown Lane
	Red Lumb
	Norden
	Rochdale
	England
	OL12 7TU

Bankers	Royal Bank of Scotland
	Drummond House
	1 Redheughs Avenue
	Edinburgh
	EH12 9JN

Solicitors	Brabners LLP
	100 Barbirolli square
	Manchester
	M2 3BD

Intergame Limited

Statement of Financial Position

31 December 2022

	2022		2021
Note	£	£	£

Fixed assets

Tangible assets	6		5,727	2,785

Current assets

Debtors	7	420,554	715,544
Cash at bank and in hand		297,968	289,372
		---------	------------
		718,522	1,004,916

Creditors: amounts falling due within one year	8	226,375		153,490
		---------		------------
Net current assets			492,147	851,426
			---------	---------
Total assets less current liabilities			497,874	854,211

Creditors: amounts falling due after more than one year	9		–	95,833

Provisions

Taxation including deferred tax	1,088	529
	---------	---------
Net assets	496,786	757,849
	---------	---------

Intergame Limited

Statement of Financial Position (continued)

31 December 2022

	2022		2021
Note	£	£	£

Capital and reserves

Called up share capital	380,000	380,000
Profit and loss account	116,786	377,849
	---------	---------
Shareholder funds	496,786	757,849
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 April 2023 , and are signed on behalf of the board by:

Mrs Christine Ann Butterworth	Mr David Harvey Snook
Director	Director

Miss Susan Claire Butterworth
Director

Company registration number: 02925906

Intergame Limited

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office Block 1, Southlink Business Park, Hamilton Street, Oldham, OL4 1DE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computer and Communication Equipment	-	20% straight line
Office Equipment	-	15% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Government grants

Government grants are recognised using the accrual model and the performance model. Grants in relation to the Coronavirus Job Retention Scheme are matched to the period to which the claim relates. Government grants in respect of interest on Coroanvirus Business Interruption Loan Scheme charged during the first year of the loan are are matched with the notional interest charge made in the period. Grants administered by local authorities in support of retail, hospitality and leisure businesses that pay business rates are recognised when they are received.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2021: 10 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2022 and 31 December 2022	100,000
	---------
Amortisation
At 1 January 2022 and 31 December 2022	100,000
	---------
Carrying amount
At 31 December 2022	–
	---------
At 31 December 2021	–
	---------

Goodwill has arisen from the purchase of a publication on 30 September 2001. The goodwill on acquisition has been written off over its expected useful economic life of sixty issues on a monthly basis, commencing 1 January 2002.

6. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 January 2022	260,025	25,753	285,778
Additions	5,590	–	5,590
	---------	--------	---------
At 31 December 2022	265,615	25,753	291,368
	---------	--------	---------
Depreciation
At 1 January 2022	257,845	25,148	282,993
Charge for the year	2,324	324	2,648
	---------	--------	---------
At 31 December 2022	260,169	25,472	285,641
	---------	--------	---------
Carrying amount
At 31 December 2022	5,446	281	5,727
	---------	--------	---------
At 31 December 2021	2,180	605	2,785
	---------	--------	---------

7. Debtors

	2022	2021
	£	£
Trade debtors	124,824	131,671
Amounts owed by group undertakings and undertakings in which the company has a participating interest	260,759	562,138
Other debtors	34,971	21,735
	---------	---------
	420,554	715,544
	---------	---------

8. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	–	25,000
Trade creditors	73,807	46,615
Corporation tax	29,998	19,627
Social security and other taxes	23,762	20,547
Other creditors	98,808	41,701
	---------	---------
	226,375	153,490
	---------	---------

9. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loans and overdrafts	–	95,833
	----	--------

10. Related party transactions

Throughout the years ended 31 December 2022 and 2021, Christine Ann Butterworth , David Harvey Snook and Susan Claire Butterworth were directors of it's parent company Intergame Holdings Limited. All contracts with this company were conducted at arms length. At the balance sheet date, Intergame Holdings Limited owed Intergame Limited £260,759 (2021 £534,759). Throughout the years ended 31 December 2022 and 2021, Christine Ann Butterworth, David Harvey Snook and Susan Claire Butterworth were also directors of Intergame Events Ltd whose parent company is Intergame Holdings Limited. During the year ended 31 December 2022 Intergame Ltd provided goods and services to Intergame Events Limited of £58,107 (2021 £NIL). At the balance sheet date, Intergame Events Ltd owed Intergame Limited £NIL (2021 £27,379). No other transactions with related parties were undertaken such as are required to be disclosed under FRS102.

11. Controlling party

On 30 December 2002, Intergame Limited became a wholly owned subsidiary of COBCO (527) Limited, registered in England and Wales. On 3 January 2003, COBCO (527) Limited changed its name to Intergame Holdings Limited. Christine Ann Butterworth, David Harvey Snook and Susan Claire Butterworth were directors of Intergame Holdings Limited for the years ended 31 December 2022 and 2021.