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Unaudited Financial Statements |
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for the Year Ended 31 December 2015 |
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for |
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Sports Gaming Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2015 |
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for |
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Sports Gaming Limited |
Sports Gaming Limited (Registered number: 04328588) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2015 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Sports Gaming Limited |
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Company Information |
for the Year Ended 31 December 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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York House |
Coldharbour Business Park |
Sherborne |
DT9 4JW |
Sports Gaming Limited (Registered number: 04328588) |
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Statement of Financial Position |
31 December 2015 |
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31.12.15 | 31.12.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Property, plant and equipment | 5 |
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CURRENT ASSETS |
Debtors: amounts falling due within one
year |
6 |
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Debtors: amounts falling due after more
than one year |
6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
Sports Gaming Limited (Registered number: 04328588) |
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Statement of Financial Position - continued |
31 December 2015 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Sports Gaming Limited (Registered number: 04328588) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2015 |
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1. | STATUTORY INFORMATION |
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Sports Gaming Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Intangible assets |
Intangible fixed assets (including purchased domain names) are amortised at rates calculated to write |
off the assets on a straight line basis over their estimated useful economic lives, not to exceed ten |
years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying |
value of an asset may not be fully recoverable. |
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Tangible fixed assets |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position date. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the statement of financial position date. Transactions in foreign currencies are translated into sterling |
at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account |
in arriving at the operating result. |
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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. |
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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. |
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Finance leases |
Assets purchased by the company that are subject to finance leases are disclosed in the financial |
statements as debtors receivable at an amount equal to the net investment in the lease. The net |
investment is calculated as the gross investment ( minimum lease payments receivable by the lessor |
plus any unguaranteed residual value accruing to the lessor) discounted for the interest rate implicit in |
the lease. |
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Finance income is recognised in the income statement as a constant periodic rate of return on the |
lessor's net investment in the finance lease. |
Sports Gaming Limited (Registered number: 04328588) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2015 |
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2. | ACCOUNTING POLICIES - continued |
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Going concern |
When preparing these financial statements, the management have made an assessment of the |
entity's ability to continue as a going concern, An entity is a going concern unless management either |
intends to liquidate the entity or to cease trading, or has no realistic alternative but to do so. In |
assessing whether the going concern assumption is appropriate management have taken into account |
all available information about the future, which is at least, but is not limited to, twelve months from the |
date when the financial statements are authorised for issue. Based upon the continued support of the |
Director in providing working capital to the company and the intention to continue to trade with |
expectation of improved results in the future, management believe that the going concern basis for |
preparation of the accounts remains appropriate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Domain |
name |
£ |
COST |
At 1 January 2015 |
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Additions |
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Disposals | ( |
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At 31 December 2015 |
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AMORTISATION |
At 1 January 2015 |
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Amortisation for year |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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Sports Gaming Limited (Registered number: 04328588) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2015 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Computer |
equipment |
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COST |
At 1 January 2015 |
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Additions |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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6. | DEBTORS |
31.12.15 | 31.12.14 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Amounts receivable in respect of finance
leases |
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Other debtors |
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Tax |
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VAT |
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Deferred tax asset |
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Prepayments and accrued income |
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Amounts falling due after more than one year: |
Amounts receivable in respect of finance
leases |
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Aggregate amounts |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.15 | 31.12.14 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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Other creditors |
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Directors' loan accounts | 669,477 | 50,000 |
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Sports Gaming Limited (Registered number: 04328588) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2015 |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.12.15 | 31.12.14 |
£ | £ |
Directors' loan accounts | - | 221,070 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.15 | 31.12.14 |
value: | £ | £ |
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Ordinary | £1 | 10,000 | 10,000 |
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10. | RELATED PARTY DISCLOSURES |
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During the period the Director advanced an interest free loan to the company. At the balance sheet |
date the amount due to the company was £669,477 (2015 £271,070). |
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11. | FIRST YEAR ADOPTION |
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FRS 102 Schedule 1A has been adopted early for the period from 1 January 2015. |
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