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Company Registration No. SC652565 (Scotland)
Playmatic Ltd Unaudited accounts for the year ended 31 January 2024
Playmatic Ltd Unaudited accounts Contents
Page
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Playmatic Ltd Company Information for the year ended 31 January 2024
Directors
Ms JB Perella Mr D Perella
Company Number
SC652565 (Scotland)
Registered Office
Blackrock House 2-8 Millar Crescent Edinburgh Midlothian EH10 5HW Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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Playmatic Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,486 
20,987 
Current assets
Debtors
1,756 
1,956 
Cash at bank and in hand
1,903 
1,011 
3,659 
2,967 
Creditors: amounts falling due within one year
(384,946)
(373,763)
Net current liabilities
(381,287)
(370,796)
Total assets less current liabilities
(361,801)
(349,809)
Creditors: amounts falling due after more than one year
(24,506)
(35,874)
Net liabilities
(386,307)
(385,683)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(386,309)
(385,685)
Shareholders' funds
(386,307)
(385,683)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2024 and were signed on its behalf by
Mr D Perella Director Company Registration No. SC652565
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Playmatic Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Playmatic Ltd is a private company, limited by shares, registered in Scotland, registration number SC652565. The registered office is Blackrock House, 2-8 Millar Crescent , Edinburgh, Midlothian, EH10 5HW, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Computer equipment
33% on cost
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 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 accounts. 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.
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Playmatic Ltd Notes to the Accounts for the year ended 31 January 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
20,988 
15,990 
1,870 
38,848 
Additions
8,625 
- 
- 
8,625 
At 31 January 2024
29,613 
15,990 
1,870 
47,473 
Depreciation
At 1 February 2023
6,978 
10,327 
556 
17,861 
Charge for the year
5,505 
3,998 
623 
10,126 
At 31 January 2024
12,483 
14,325 
1,179 
27,987 
Net book value
At 31 January 2024
17,130 
1,665 
691 
19,486 
At 31 January 2023
14,010 
5,663 
1,314 
20,987 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,308 
1,508 
Accrued income and prepayments
448 
448 
1,756 
1,956 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
373 
789 
Obligations under finance leases and hire purchase contracts
3,089 
3,089 
Trade creditors
11,064 
4,575 
Taxes and social security
1,744 
- 
Other creditors
327,006 
219,040 
Loans from directors
27,550 
134,760 
Accruals
4,120 
1,510 
384,946 
373,763 
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Playmatic Ltd Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,167 
28,333 
Obligations under finance leases and hire purchase contracts
5,339 
7,541 
24,506 
35,874 
8
Average number of employees
During the year the average number of employees was 0 (2023: 1).
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