Silverfin false 31/12/2022 01/01/2022 31/12/2022 G Aharon 24/12/2020 09 November 2023 The principal activity of the Company during the financial year was the wholesale of motion tracking sensors. 13099616 2022-12-31 13099616 bus:Director1 2022-12-31 13099616 2021-12-31 13099616 core:CurrentFinancialInstruments 2022-12-31 13099616 core:CurrentFinancialInstruments 2021-12-31 13099616 core:ShareCapital 2022-12-31 13099616 core:ShareCapital 2021-12-31 13099616 core:RetainedEarningsAccumulatedLosses 2022-12-31 13099616 core:RetainedEarningsAccumulatedLosses 2021-12-31 13099616 core:OfficeEquipment 2021-12-31 13099616 core:OfficeEquipment 2022-12-31 13099616 bus:OrdinaryShareClass1 2022-12-31 13099616 2022-01-01 2022-12-31 13099616 bus:FullAccounts 2022-01-01 2022-12-31 13099616 bus:SmallEntities 2022-01-01 2022-12-31 13099616 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 13099616 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 13099616 bus:Director1 2022-01-01 2022-12-31 13099616 core:OfficeEquipment 2022-01-01 2022-12-31 13099616 2021-01-01 2021-12-31 13099616 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 13099616 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13099616 (England and Wales)

PLAYERMAKER LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2022
Pages for filing with the registrar

PLAYERMAKER LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2022

Contents

PLAYERMAKER LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2022
PLAYERMAKER LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 11,136 12,313
11,136 12,313
Current assets
Debtors 4 296,161 168,722
Cash at bank and in hand 23,347 778,392
319,508 947,114
Creditors: amounts falling due within one year 5 ( 302,308) ( 948,717)
Net current assets/(liabilities) 17,200 (1,603)
Total assets less current liabilities 28,336 10,710
Net assets 28,336 10,710
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account 28,136 10,510
Total shareholder's funds 28,336 10,710

For the financial year ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Playermaker Limited (registered number: 13099616) were approved and authorised for issue by the Director. They were signed on its behalf by:

G Aharon
Director

09 November 2023

PLAYERMAKER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2022
PLAYERMAKER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Playermaker Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

The Company's functional and presentational currency is GBP.

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Income and Retained Earnings.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Revenue for devices is recognised on the sale of the products to the customer.

Revenue related to subscription services is recognised over the period to which the subscription relates.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Coronavirus Job Retention Scheme income and expenditure

Furlough income is receivable as compensation for salary expenses already incurred and to give immediate financial support to the Company with no future related costs. This income is recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retain Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including the director 7 5

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 January 2022 16,293 16,293
Additions 766 766
At 31 December 2022 17,059 17,059
Accumulated depreciation
At 01 January 2022 3,980 3,980
Charge for the financial year 1,943 1,943
At 31 December 2022 5,923 5,923
Net book value
At 31 December 2022 11,136 11,136
At 31 December 2021 12,313 12,313

4. Debtors

2022 2021
£ £
Trade debtors 79,285 124,290
Amounts owed by Group undertakings 197,357 0
Prepayments 513 4,752
VAT recoverable 19,006 39,680
296,161 168,722

5. Creditors: amounts falling due within one year

2022 2021
£ £
Trade creditors 25,244 53,345
Amounts owed to Group undertakings 0 651,841
Accruals and deferred income 271,359 229,023
Taxation and social security 4,399 13,292
Other creditors 1,306 1,216
302,308 948,717

6. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each 200 200

7. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2022 2021
£ £
Unpaid contributions due to the fund (inc. in other creditors) 1,306 1,216

8. Related party transactions

Where possible, the company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.