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REGISTERED NUMBER: 08864864 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

GROUNDPLAY LTD

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROUNDPLAY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr R Cook



REGISTERED OFFICE: 53 Parkland View
Lundwood
Barnsley
S71 5LG



REGISTERED NUMBER: 08864864 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: National Westminster Bank plc
26 Market Hill
Barnsley
South Yorkshire
S70 2QE

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,322 14,644

CURRENT ASSETS
Debtors 5 239,971 160,884
Cash at bank and in hand 29,663 38,468
269,634 199,352
CREDITORS
Amounts falling due within one year 6 84,098 85,132
NET CURRENT ASSETS 185,536 114,220
TOTAL ASSETS LESS CURRENT LIABILITIES 213,858 128,864

CREDITORS
Amounts falling due after more than
one year

7

(33,828

)

(36,678

)

PROVISIONS FOR LIABILITIES (5,381 ) (2,782 )
NET ASSETS 174,649 89,404

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 174,646 89,401
SHAREHOLDERS' FUNDS 174,649 89,404

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

BALANCE SHEET - continued
31 JANUARY 2023


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 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.

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 and authorised for issue by the director and authorised for issue on 20 October 2023 and were signed by:





Mr R Cook - Director


GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Groundplay Ltd 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carriny amounts of assets and liabilities within the next financial years.

Turnover
When the outcome of a contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by the percentage complete of a contract at the balance sheet date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 25% on reducing balance
Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on reducing balance

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.

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 20,104 701 7,850 10,502 39,157
Additions 6,223 460 11,950 895 19,528
At 31 January 2023 26,327 1,161 19,800 11,397 58,685
DEPRECIATION
At 1 February 2022 14,789 558 4,298 4,868 24,513
Charge for year 2,241 71 1,532 2,006 5,850
At 31 January 2023 17,030 629 5,830 6,874 30,363
NET BOOK VALUE
At 31 January 2023 9,297 532 13,970 4,523 28,322
At 31 January 2022 5,315 143 3,552 5,634 14,644

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 10,500
At 31 January 2023 10,500
DEPRECIATION
Charge for year 361
At 31 January 2023 361
NET BOOK VALUE
At 31 January 2023 10,139

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 100,494 85,491
Other debtors 41,625 32,108
Directors' current accounts 81,095 34,705
VAT 12,125 4,366
Prepayments and accrued income 4,632 4,214
239,971 160,884

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 10,000 10,000
Hire purchase contracts 3,500 -
Trade creditors 33,772 47,179
Corporation tax 35,452 26,641
Other creditors 127 305
Accruals and deferred income 1,247 1,007
84,098 85,132

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 17,120 26,678
Hire purchase contracts 6,708 -
33,828 36,678

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
3 3

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mr R Cook
Balance outstanding at start of year 34,705 46,489
Amounts advanced 81,095 72,705
Amounts repaid (34,705 ) (84,489 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 81,095 34,705