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REGISTERED NUMBER: 02926160 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Creative Play (UK) Limited

Creative Play (UK) Limited (Registered number: 02926160)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Creative Play (UK) Limited

Company Information
for the Year Ended 31 May 2023







Directors: J R Harris
T W Harris
D J Esser
T W Biggs
L Esser





Secretary: J R Harris





Registered office: Units 3A-3C Tilston Court
Borders Industrial Park
River Lane, Saltney
Chester
CH4 8RJ





Registered number: 02926160 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Creative Play (UK) Limited (Registered number: 02926160)

Statement of Financial Position
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 525,972 341,775
Investments 6 408,273 408,273
934,245 750,048

Current assets
Stocks 190,566 274,310
Debtors 7 1,056,059 854,923
Cash at bank and in hand 1,191,864 1,705,316
2,438,489 2,834,549
Creditors
Amounts falling due within one year 8 1,691,914 1,761,021
Net current assets 746,575 1,073,528
Total assets less current liabilities 1,680,820 1,823,576

Creditors
Amounts falling due after more than
one year

9

(133,215

)

(225,704

)

Provisions for liabilities 11 (38,963 ) (39,213 )
Net assets 1,508,642 1,558,659

Capital and reserves
Called up share capital 12 2,006 2,006
Capital redemption reserve 1 1
Retained earnings 1,506,635 1,556,652
Shareholders' funds 1,508,642 1,558,659

Creative Play (UK) Limited (Registered number: 02926160)

Statement of Financial Position - continued
31 May 2023


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

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

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 27 September 2023 and were signed on its behalf by:





L Esser - Director


Creative Play (UK) Limited (Registered number: 02926160)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. Statutory information

Creative Play (UK) Limited 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Profit is recognised on long-term contracts if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity advances.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - 10% on cost
Plant and machinery - 10% on cost
Office equipment - 25% on cost
Motor vehicles - 25% reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Creative Play (UK) Limited (Registered number: 02926160)

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

2. Accounting policies - continued

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

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised 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 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.

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 and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Creative Play (UK) Limited (Registered number: 02926160)

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

3. Employees and directors

The average number of employees during the year was 46 (2022 - 43 ) .

4. Intangible fixed assets
Website
£   
Cost
At 1 June 2022
and 31 May 2023 18,045
Amortisation
At 1 June 2022
and 31 May 2023 18,045
Net book value
At 31 May 2023 -
At 31 May 2022 -

5. Tangible fixed assets
Leasehold Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
Cost
At 1 June 2022 35,252 274,638 179,410 389,076 878,376
Additions 237,466 8,554 16,217 25,995 288,232
Disposals - (5,000 ) - - (5,000 )
At 31 May 2023 272,718 278,192 195,627 415,071 1,161,608
Depreciation
At 1 June 2022 577 213,360 154,210 168,454 536,601
Charge for year 20,844 10,737 14,132 57,322 103,035
Eliminated on disposal - (4,000 ) - - (4,000 )
At 31 May 2023 21,421 220,097 168,342 225,776 635,636
Net book value
At 31 May 2023 251,297 58,095 27,285 189,295 525,972
At 31 May 2022 34,675 61,278 25,200 220,622 341,775

Creative Play (UK) Limited (Registered number: 02926160)

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

6. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 June 2022
and 31 May 2023 408,273
Net book value
At 31 May 2023 408,273
At 31 May 2022 408,273

7. Debtors: amounts falling due within one year
31/5/23 31/5/22
£    £   
Trade debtors 559,028 385,781
Amounts recoverable on contracts 282,640 262,982
Other debtors 214,391 206,160
1,056,059 854,923

8. Creditors: amounts falling due within one year
31/5/23 31/5/22
£    £   
Bank loans and overdrafts 60,000 60,000
Hire purchase contracts 32,489 35,649
Trade creditors 586,028 587,351
Amounts owed to group undertakings 403,898 403,898
Taxation and social security 211,452 206,993
Other creditors 398,047 467,130
1,691,914 1,761,021

9. Creditors: amounts falling due after more than one year
31/5/23 31/5/22
£    £   
Bank loans 120,000 180,000
Hire purchase contracts 13,215 45,704
133,215 225,704

Creative Play (UK) Limited (Registered number: 02926160)

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

10. Secured debts

The following secured debts are included within creditors:

31/5/23 31/5/22
£    £   
Bank loans 180,000 240,000
Hire purchase contracts 45,704 81,353
225,704 321,353

Hire purchase liabilities are secured on the underlying asset.

Bank loans are secured by way of debenture.

11. Provisions for liabilities
31/5/23 31/5/22
£    £   
Deferred tax
Accelerated capital allowances 67,209 39,213
Tax losses carried forward (28,246 ) -
38,963 39,213

Deferred
tax
£   
Balance at 1 June 2022 39,213
Credit to Income Statement during year (250 )
Balance at 31 May 2023 38,963

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
2,000 Ordinary £1 2,000 2,000
6 B Ordinary £1 6 6
2,006 2,006

Creative Play (UK) Limited (Registered number: 02926160)

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

13. Directors' advances, credits and guarantees

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

31/5/23 31/5/22
£    £   
J R Harris
Balance outstanding at start of year 50,544 69,023
Amounts advanced 12,977 15,421
Amounts repaid (28,800 ) (33,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,721 50,544

Repayments include £5,000 on 30 September 2022. The maximum overdrawn balance in the year was £52,544. Advances to directors are interest free, unsecured and repayable on demand.

14. Related party disclosures

The company controls Playgrounds (UK) Limited. At 31 May 2023 the balance due to
Playgrounds (UK) Limited was £403,898 (2022: £403,898). This loan is interest free and
repayable on demand.


Certain directors have made loans to the company. The balance on these loans at 31 May 2023 was £570 (2022 - £35,597). These loans are interest free and repayable on demand.

15. Operating lease commitments

At 31 May 2023 total commitments over the remaining term of existing operating leases totalled £541,058 (2022: £393,868), of which £123,541 (2022: £86,437) is due within one year.