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REGISTERED NUMBER: 02664792 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Play and Leisure Limited

Play and Leisure Limited (Registered number: 02664792)






Contents of the Financial Statements
for the year ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Play and Leisure Limited

Company Information
for the year ended 31 January 2023







DIRECTORS: A P Buckley
Mrs V Buckley





SECRETARY: Mrs V Buckley





REGISTERED OFFICE: Units 7 & 8
Catheralls Industrial Estate
Pinfold Lane
Buckley
Flintshire
CH7 3PS





REGISTERED NUMBER: 02664792 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG

Play and Leisure Limited (Registered number: 02664792)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,436 28,412

CURRENT ASSETS
Stocks 153,563 160,514
Debtors 5 1,209,826 1,015,191
Cash at bank and in hand 315,752 341,592
1,679,141 1,517,297
CREDITORS
Amounts falling due within one year 6 251,835 230,739
NET CURRENT ASSETS 1,427,306 1,286,558
TOTAL ASSETS LESS CURRENT LIABILITIES 1,477,742 1,314,970

PROVISIONS FOR LIABILITIES 14,136 6,000
NET ASSETS 1,463,606 1,308,970

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,463,506 1,308,870
SHAREHOLDERS' FUNDS 1,463,606 1,308,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





Mrs V Buckley - Director


Play and Leisure Limited (Registered number: 02664792)

Notes to the Financial Statements
for the year ended 31 January 2023

1. STATUTORY INFORMATION

Play and Leisure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation on all assets is calculated to allocate the depreciable amount to their residual values on a systematic basis over their estimated useful lives as follows:

Short leasehold - straight line over the term of the lease
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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.

Play and Leisure Limited (Registered number: 02664792)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Share capital
Ordinary shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and cash held with banks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 4,545 41,099 98,937 27,379 171,960
Additions - 11,793 29,489 - 41,282
Disposals - - (17,840 ) - (17,840 )
At 31 January 2023 4,545 52,892 110,586 27,379 195,402
DEPRECIATION
At 1 February 2022 4,545 31,034 80,656 27,313 143,548
Charge for year - 5,464 11,347 66 16,877
Eliminated on disposal - - (15,459 ) - (15,459 )
At 31 January 2023 4,545 36,498 76,544 27,379 144,966
NET BOOK VALUE
At 31 January 2023 - 16,394 34,042 - 50,436
At 31 January 2022 - 10,065 18,281 66 28,412

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 387,161 191,256
Other debtors 992 2,193
388,153 193,449

Amounts falling due after more than one year:
Other debtors 821,673 821,742

Aggregate amounts 1,209,826 1,015,191

Amounts due from connected undertakings are unsecured, interest free, have no fixed date of repayment.

Play and Leisure Limited (Registered number: 02664792)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 143,878 147,922
Taxation and social security 99,991 76,589
Other creditors 7,966 6,228
251,835 230,739

7. RELATED PARTY DISCLOSURES

Included in closing trade debtors is a balance due of £12,930 (2022 £9,310) due from Wrexham Metal Finishing Ltd, a company with common directors. The amount of invoices raised in the year totalled £126,491 (2022 £88,236)

Included in other debtors are intercompany loans with balances due of £44,072 (2022 £44,072) from Wrexham Metal Finishing Ltd, and £777,601 (2022 £777,670) from Zone Play and Leisure Ltd. Both companies have common directors.

8. PARENT COMPANY

The company is a 100% subsidiary of Zone Play and Leisure Limited. The registered office of the parent is the same as Play and Leisure Limited which can be found on the Company Information page.