Registered Number 03882481
GAMER NETWORK LIMITED
Abbreviated Accounts
30 April 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
Investments | 4 |
|
|
|
|
||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 5 |
|
|
Other reserves |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fixtures & Fittings - 25% reducing balance
Equipment - 33% reducing balance
Intangible assets amortisation policy
Website Development Costs - 4 years straight line
Other accounting policies
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies and translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
£ | |
---|---|
Cost | |
At 1 May 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 April 2015 |
|
Amortisation | |
At 1 May 2014 |
|
Charge for the year |
|
On disposals |
|
At 30 April 2015 |
|
Net book values | |
At 30 April 2015 | 4,438 |
At 30 April 2014 | 8,876 |
£ | |
---|---|
Cost | |
At 1 May 2014 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 30 April 2015 |
|
Depreciation | |
At 1 May 2014 |
|
Charge for the year |
|
On disposals |
( |
At 30 April 2015 |
|
Net book values | |
At 30 April 2015 | 99,823 |
At 30 April 2014 | 141,151 |
During the year the company acquired 100% of the share capital of Gamer Edition Limited.
The company also owns 50% of the issued share capital of VG247 Ltd, 23.5% of Nlife Ltd and 20% of Rock, Paper, Shotgun Ltd.
Aggregate capital and reserves:
Gamer Events Limited £21,504 £4,785
Gamer Network Inc. £464,580 £302,027
Profit and (loss) for the year:
Gamer Events Limited £816,719 £463,117
Gamer Network Inc. £(15,358) £408
Under the provisions of section 148 of the Companies Act 1985 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts how information about the company as an individual entity.
4
Fixed assets Investments
Additions £100
At 30 April 2015 £485
NET BOOK VALUE
At 30 April 2015 £485
At 30 April 2014 £385