Wishbone Games Limited Filleted accounts for Companies House (small and micro)

WISHBONE GAMES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 14060517

Wishbone Games Limited

Filleted Unaudited Financial Statements

30 April 2023

Wishbone Games Limited

Financial Statements

Period from 21 April 2022 to 30 April 2023

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Wishbone Games Limited

Officers and Professional Advisers

The board of directors	O A Miska
	V-A Matei

Registered office	727-729 High Road
	London
	N12 0BP

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Wishbone Games Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Wishbone Games Limited

Period from 21 April 2022 to 30 April 2023

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 30 April 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Wishbone Games Limited

Statement of Financial Position

30 April 2023

	30 Apr 23
Note	£

Fixed assets

Tangible assets	5	52,469

Current assets

Debtors	6	43,742
Cash at bank and in hand		89,490
		---------
		133,232

Creditors: amounts falling due within one year	7	320,063
		---------
Net current liabilities		186,831
		---------
Total assets less current liabilities		( 134,362)
		---------

Capital and reserves

Called up share capital	8	22
Share premium account		599,887
Profit and loss account		( 734,271)
		---------
Shareholders deficit		( 134,362)
		---------

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 comprehensive income has not been delivered.

For the period ending 30 April 2023 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 financial statements for the period 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 .

Wishbone Games Limited

Statement of Financial Position (continued)

30 April 2023

These financial statements were approved by the board of directors and authorised for issue on 9 February 2024 , and are signed on behalf of the board by:

V-A Matei

Director

Company registration number: 14060517

Wishbone Games Limited

Notes to the Financial Statements

Period from 21 April 2022 to 30 April 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.

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

Going concern

In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.

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.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Office Equipment	-	50% straight line
Computer Equipment	-	20% straight line

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 9 .

5. Tangible assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost
At 21 April 2022	–	–	–
Additions	24,895	41,586	66,481
	--------	--------	--------
At 30 April 2023	24,895	41,586	66,481
	--------	--------	--------
Depreciation
At 21 April 2022	–	–	–
Charge for the period	8,677	5,335	14,012
	--------	--------	--------
At 30 April 2023	8,677	5,335	14,012
	--------	--------	--------
Carrying amount
At 30 April 2023	16,218	36,251	52,469
	--------	--------	--------

6. Debtors

	30 Apr 23
	£
Other debtors	43,742
	--------

7. Creditors: amounts falling due within one year

	30 Apr 23
	£
Trade creditors	1,198
Social security and other taxes	15,208
Other creditors	303,657
	---------
	320,063
	---------

Included within other creditors is £300,092 of convertible debt .

8. Called up share capital

During the period, the company issued 20,090 Ordinary and Preference shares for a total consideration of £599,907.