Engine Room Games Limited - Period Ending 2016-10-31

Registration number: 06736591

Engine Room Games Limited

Unaudited abbreviated accounts

for the year ended 31 October 2016
 

Engine Room Games Limited
Contents

Abbreviated balance sheet 1 to 2

Notes to the abbreviated accounts 3 to 4

Engine Room Games Limited
(Registration number: 06736591)
Abbreviated balance sheet at 31 October 2016

		Note			2016 £			2015 £
Current assets
Debtors					-			9,018
Cash at bank and in hand					62,923			238,547
					62,923			247,565
Creditors: amounts falling due within one year					(2,487)			(79,741)
Net assets					60,436			167,824
Capital and reserves
Called up share capital		2			3			3
Capital redemption reserve					1			1
Profit and loss account					60,432			167,820
Shareholders' funds					60,436			167,824

The notes on pages 3 to 4 form an integral part of these abbreviated accounts.
Page 1

Engine Room Games Limited
(Registration number: 06736591)
Abbreviated balance sheet at 31 October 2016
......... continued

For the year ending 31 October 2016 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the board on 19 July 2017 and signed on its behalf by:

.........................................
Mr Tim Cannell
Director

The notes on pages 3 to 4 form an integral part of these abbreviated accounts.
Page 2

Engine Room Games Limited
Notes to the abbreviated accounts for the year ended 31 October 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The company ceased trading on 30 September 2015. The accounts have therefore been prepared on a 'break-up' basis.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation rate and method
Plant and machinery	25% straight line
Fixtures and fittings	25% straight line
Office equipment	25% straight line

Deferred tax

Deffered tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to revers, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Engine Room Games Limited
Notes to the abbreviated accounts for the year ended 31 October 2016
......... continued

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A of £ 1 each		1			1			1			1
Ordinary C of £ 1 each		1			1			1			1
Ordinary D of £ 1 each		1			1			1			1
		3			3			3			3

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