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REGISTERED NUMBER: 05670760 (England and Wales)
















Homeplay Ltd

Unaudited Financial Statements

for the Year Ended 31st January 2023






Homeplay Ltd (Registered number: 05670760)






Contents of the Financial Statements
for the Year Ended 31st January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Homeplay Ltd

Company Information
for the Year Ended 31st January 2023







Directors: Mr J P Ratcliffe
Mrs C Z Ratcliffe





Registered office: 117 Windmill Road
Sunbury
Middlesex
TW16 7EF





Registered number: 05670760 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Homeplay Ltd (Registered number: 05670760)

Statement of Financial Position
31st January 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 186,846 185,177

Current assets
Stocks 212,934 128,440
Debtors 5 344,582 176,848
Cash at bank and in hand 51,712 67,721
609,228 373,009
Creditors
Amounts falling due within one year 6 659,477 344,375
Net current (liabilities)/assets (50,249 ) 28,634
Total assets less current liabilities 136,597 213,811

Creditors
Amounts falling due after more than one
year

7

(49,183

)

(70,635

)

Provisions for liabilities (46,714 ) (26,033 )
Net assets 40,700 117,143

Capital and reserves
Called up share capital 300 300
Retained earnings 40,400 116,843
40,700 117,143

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

Homeplay Ltd (Registered number: 05670760)

Statement of Financial Position - continued
31st January 2023


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 15th January 2024 and were signed on its behalf by:





Mr J P Ratcliffe - Director


Homeplay Ltd (Registered number: 05670760)

Notes to the Financial Statements
for the Year Ended 31st January 2023

1. Statutory information

Homeplay 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.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Homeplay Ltd (Registered number: 05670760)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

2. Accounting policies - continued

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.

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.

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.

3. Employees and directors

The average number of employees during the year was 12 (2022 - 10 ) .

4. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1st February 2022 183,181 1,474 84,267
Additions 20,397 4,954 10,248
Disposals - (1,255 ) -
At 31st January 2023 203,578 5,173 94,515
Depreciation
At 1st February 2022 72,055 1,474 35,152
Charge for year 20,358 744 9,304
Eliminated on disposal - (1,255 ) (2,662 )
At 31st January 2023 92,413 963 41,794
Net book value
At 31st January 2023 111,165 4,210 52,721
At 31st January 2022 111,126 - 49,115

Homeplay Ltd (Registered number: 05670760)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

4. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1st February 2022 92,381 2,319 363,622
Additions - - 35,599
Disposals (14,001 ) - (15,256 )
At 31st January 2023 78,380 2,319 383,965
Depreciation
At 1st February 2022 68,080 1,684 178,445
Charge for year 5,813 232 36,451
Eliminated on disposal (12,950 ) (910 ) (17,777 )
At 31st January 2023 60,943 1,006 197,119
Net book value
At 31st January 2023 17,437 1,313 186,846
At 31st January 2022 24,301 635 185,177

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 245,029 75,825
Other debtors 99,553 101,023
344,582 176,848

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 9,953 10,648
Hire purchase contracts 7,240 7,295
Trade creditors 223,066 93,766
Taxation and social security 65,676 117,940
Other creditors 353,542 114,726
659,477 344,375

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 24,111 32,253
Hire purchase contracts 25,072 32,312
Other creditors - 6,070
49,183 70,635

Homeplay Ltd (Registered number: 05670760)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

8. Directors' advances, credits and guarantees

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

2023 2022
£    £   
Mr J P Ratcliffe
Balance outstanding at start of year 62,519 -
Amounts advanced - 62,519
Amounts repaid (42,773 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,746 62,519