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Registration number: 06190947

Playworld Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Playworld Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Playworld Limited

(Registration number: 06190947)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

29,726

38,576

Current assets

 

Stocks

6,250

6,100

Debtors

5

12,071

3,696

Cash at bank and in hand

 

102,792

155,540

 

121,113

165,336

Creditors: Amounts falling due within one year

6

(60,841)

(107,261)

Net current assets

 

60,272

58,075

Total assets less current liabilities

 

89,998

96,651

Creditors: Amounts falling due after more than one year

6

(17,369)

(27,446)

Provisions for liabilities

(4,720)

(4,732)

Net assets

 

67,909

64,473

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

67,809

64,373

Shareholders' funds

 

67,909

64,473

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Playworld Limited

(Registration number: 06190947)
Balance Sheet as at 30 November 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 17 April 2024
 

.........................................
Mrs A Grinnell
Director

 

Playworld Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
416 Newcastle Road
Hough
Crewe
CW2 5JF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of timing difference.

 

Playworld Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvement to leasehold

15% straight line

Plant and equipment

straight line over 4 years

Fixtures, fittings & computer equipment

15% straight line / straight line over 4 years

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 17 (2022 - 15).

4

Tangible assets

Improvements to leasehold
£

Fixtures, fittings and computer equipment
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 December 2022

31,065

175,806

1,174

208,045

Additions

-

1,056

-

1,056

At 30 November 2023

31,065

176,862

1,174

209,101

Depreciation

At 1 December 2022

30,622

138,394

453

169,469

Charge for the year

443

9,170

293

9,906

At 30 November 2023

31,065

147,564

746

179,375

Carrying amount

At 30 November 2023

-

29,298

428

29,726

At 30 November 2022

443

37,412

721

38,576

 

Playworld Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

5

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings

9,000

-

Other debtors

 

3,071

3,696

 

12,071

3,696

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank Loan

10,077

9,829

Amounts owed to group undertakings

-

50,000

Taxation and social security

 

13,279

20,092

Other creditors

 

37,485

27,340

 

60,841

107,261

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Bank Loan

17,369

27,446