Abbreviated Company Accounts - NOMAD GAMES LIMITED

NOMAD GAMES LIMITED - Company Information

07661528 NOMAD GAMES LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 07661528 2014-07-01 2015-06-30 07661528 2015-06-30 07661528 2014-06-30 07661528 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 07661528 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass3 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass3 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass3 2014-06-30 iso4217:GBP shares

Registered Number 07661528

NOMAD GAMES LIMITED

Abbreviated Accounts

30 June 2015

NOMAD GAMES LIMITED Registered Number 07661528

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	104,298	-
Tangible assets	3	12,200	7,385
		116,498	7,385
Current assets
Debtors		35,506	40,424
Cash at bank and in hand		270,865	128,460
		306,371	168,884
Creditors: amounts falling due within one year		(79,189)	(45,757)
Net current assets (liabilities)		227,182	123,127
Total assets less current liabilities		343,680	130,512
Creditors: amounts falling due after more than one year		(40,084)	(70,743)
Total net assets (liabilities)		303,596	59,769
Capital and reserves
Called up share capital	4	1,316	1,316
Share premium account		124,794	124,794
Profit and loss account		177,486	(66,341)
Shareholders' funds		303,596	59,769

For the year ending 30 June 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 March 2016

And signed on their behalf by:
Don Whiteford, Director

NOMAD GAMES LIMITED Registered Number 07661528

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Fixtures & Fittings - 25% Reducing Balance Method
- Office Equipment - 25% Reducing Balance Method

Intangible assets amortisation policy
Development costs are recognised at cost and are based on the amount of time spent on each project. They are to be amortised to the Profit and Loss Account over their estimated economic life.
Amortisation is provided at the following rates:
- Development Expenditure - 2 Years straight line

2Intangible fixed assets

	£
Cost
At 1 July 2014	-
Additions	208,596
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	208,596
Amortisation
At 1 July 2014	-
Charge for the year	104,298
On disposals	-
At 30 June 2015	104,298
Net book values
At 30 June 2015	104,298
At 30 June 2014	-

Development costs are recognised at cost and are based on the amount of time spent on each project. They are to be amortised to the Profit and Loss Account over their estimated economic life.

Amortisation is provided at the following rates:
-Development expenditure - 2 Years straight line

3Tangible fixed assets

	£
Cost
At 1 July 2014	9,643
Additions	7,456
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	17,099
Depreciation
At 1 July 2014	2,258
Charge for the year	2,641
On disposals	-
At 30 June 2015	4,899
Net book values
At 30 June 2015	12,200
At 30 June 2014	7,385

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Fixtures & fittings - 25% Reducing balance method
- Office Equipment - 25% Reducing balance method

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
206 A Ordinary shares of £1 each	206	206
110 B Ordinary shares of £1 each	110	110
1,000 Ordinary shares of £1 each	1,000	1,000

The rights attached to each class of shares are as follows:

Ordinary A shares have voting rights and preferential rights to receive capital ahead of ordinary shares and Ordinary B shares.

Ordinary B shares do not have voting rights. They have rights to receive capital equally after payment to holders of 'A' ordinary shares.

Ordinary shares have voting rights and rights to receive capital equally after payment to holders of 'A' ordinary shares