The Waiting Game (Bristol) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07063018 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

The Waiting Game (Bristol) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T J Pickles

Mr B J J Pickles

REGISTERED OFFICE:

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

REGISTERED NUMBER:

07063018 (England and Wales)

ACCOUNTANTS:

A C Mole

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

62,483

56,491

Tangible assets

5

41,887

8,252

104,370

64,743

CURRENT ASSETS

Debtors

6

493,231

510,409

Cash at bank

8,053

94,860

501,284

605,269

CREDITORS

Amounts falling due within one year

7

207,935

262,959

NET CURRENT ASSETS

293,349

342,310

TOTAL ASSETS LESS CURRENT LIABILITIES

397,719

407,053

CREDITORS

Amounts falling due after more than one year

8

(159,616

)

(156,000

)

PROVISIONS FOR LIABILITIES

(10,472

)

(2,063

)

NET ASSETS

227,631

248,990

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

227,381

248,740

227,631

248,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 July 2023 and were signed on its behalf by:

Mr B J J Pickles - Director

Mr T J Pickles - Director

1.	STATUTORY INFORMATION

The Waiting Game (Bristol) 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.

Critical accounting estimates and judgements

The directors are of the option that there are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

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

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Financial instruments

The company only has financial assets and liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at settlement value.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 coronavirus grants

Government grants received in respect of Coronavirus assistance are recognised using the accruals method.

Under the accruals method, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which they become receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 345 (2022 - 247 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2022

79,716

Additions

15,515

At 31 March 2023

95,231

AMORTISATION

At 1 April 2022

23,225

Charge for year

9,523

At 31 March 2023

32,748

NET BOOK VALUE

At 31 March 2023

62,483

At 31 March 2022

56,491

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

21,192

Additions

48,290

At 31 March 2023

69,482

DEPRECIATION

At 1 April 2022

12,940

Charge for year

14,655

At 31 March 2023

27,595

NET BOOK VALUE

At 31 March 2023

41,887

At 31 March 2022

8,252

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

186,282

227,191

Amounts owed by group undertakings

242,535

242,535

Other debtors

64,414

40,683

493,231

510,409

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

33,974

52,709

Trade creditors

949

153

Taxation and social security

145,546

164,440

Other creditors

27,466

45,657

207,935

262,959

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

159,616

156,000

9.	LEASING AGREEMENTS

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

2023

2022

£

£

Within one year

30,000

12,000

Between one and five years

38,750

18,000

68,750

30,000

The company entered into a new operating lease on 14 July 2023 for a property in Bristol. The lease

term is 3 years and total commitment value is £90,000 (£30,000 per annum).

10.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

193,590

208,709

The bank loan and overdraft are secured by a personal guarantee by the company's directors.

11.	CONTINGENT LIABILITIES

The company entered into a sponsorship agreement in March 2023 for the purpose to sponsor an event taking place in August 2023. The total value of the sponsorship agreement is £10,000. Due to the event not taking place until August 2023, no service has been provided in the 2023 financial year and therefore the conditions of the contract will only be met in 2023/24 financial year. The £10,000 due from the sponsorship agreement has therefore not been included as a liability in the financial statements but is disclosed as a contingent liability.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023

2022

£

£

Mr T J Pickles

Balance outstanding at start of year

116

-

Amounts advanced

681

740

Amounts repaid

(312

)

(624

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

485

116

Mr B J J Pickles

Balance outstanding at start of year

133

-

Amounts advanced

698

757

Amounts repaid

(312

)

(624

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

519

133

Repayable on demand.

13.	RELATED PARTY DISCLOSURES

The immediate and ultimate parent undertaking is Pickles and Pickles Limited, a company registered in England.

Dividends

Dividends of £138,500 (2022 - £115,745) were paid to Pickles and Pickles Limited, a company which is owned 100% by the directors of The Waiting Game (Bristol) Limited.