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Registered number: 12991658
Everplay Labs Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Ecommerce Accountants LLP
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12991658
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,853 373
13,853 373
CURRENT ASSETS
Stocks 5 33,790 195,896
Debtors 6 887,344 279,151
Cash at bank and in hand 631,843 115,897
1,552,977 590,944
Creditors: Amounts Falling Due Within One Year 7 (1,192,468 ) (575,479 )
NET CURRENT ASSETS (LIABILITIES) 360,509 15,465
TOTAL ASSETS LESS CURRENT LIABILITIES 374,362 15,838
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,632 ) (71 )
NET ASSETS 371,730 15,767
CAPITAL AND RESERVES
Called up share capital 1,305 1,305
Share premium account 331,970 331,970
Profit and Loss Account 38,455 (317,508 )
SHAREHOLDERS' FUNDS 371,730 15,767
Page 1
Page 2
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Craig Spencer
Director
07/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Everplay Labs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12991658 . The registered office is 20-22 Wenlock Road, London, N1 7GU.

The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight line basis over 2 years.
Computer Equipment Straight line basis over 3 years.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

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 is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 - 1,119 1,119
Additions 27,705 - 27,705
As at 30 November 2023 27,705 1,119 28,824
Depreciation
As at 1 December 2022 - 746 746
Provided during the period 13,852 373 14,225
As at 30 November 2023 13,852 1,119 14,971
Net Book Value
As at 30 November 2023 13,853 - 13,853
As at 1 December 2022 - 373 373
5. Stocks
2023 2022
£ £
Finished goods 33,790 195,896
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 887,344 279,151
887,344 279,151
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 439,916 14,644
Bank loans and overdrafts 448,728 32,306
Other creditors 271,800 511,584
Taxation and social security 32,024 16,945
1,192,468 575,479
Other creditors includes an aggregate sum of £250,336 (2022 -  482,572) owed to the directors.
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