Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31true2022-08-01No description of principal activityfalse2417falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08155054 2022-08-01 2023-07-31 08155054 2023-07-31 08155054 2021-08-01 2022-07-31 08155054 2022-07-31 08155054 c:Director1 2022-08-01 2023-07-31 08155054 d:Buildings d:LongLeaseholdAssets 2022-08-01 2023-07-31 08155054 d:Buildings d:LongLeaseholdAssets 2023-07-31 08155054 d:Buildings d:LongLeaseholdAssets 2022-07-31 08155054 d:PlantMachinery 2022-08-01 2023-07-31 08155054 d:PlantMachinery 2023-07-31 08155054 d:PlantMachinery 2022-07-31 08155054 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08155054 d:MotorVehicles 2022-08-01 2023-07-31 08155054 d:MotorVehicles 2023-07-31 08155054 d:MotorVehicles 2022-07-31 08155054 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08155054 d:FurnitureFittings 2022-08-01 2023-07-31 08155054 d:FurnitureFittings 2023-07-31 08155054 d:FurnitureFittings 2022-07-31 08155054 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08155054 d:ComputerEquipment 2022-08-01 2023-07-31 08155054 d:ComputerEquipment 2023-07-31 08155054 d:ComputerEquipment 2022-07-31 08155054 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08155054 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08155054 d:Goodwill 2022-08-01 2023-07-31 08155054 d:Goodwill 2023-07-31 08155054 d:Goodwill 2022-07-31 08155054 d:CurrentFinancialInstruments 2023-07-31 08155054 d:CurrentFinancialInstruments 2022-07-31 08155054 d:Non-currentFinancialInstruments 2023-07-31 08155054 d:Non-currentFinancialInstruments 2022-07-31 08155054 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08155054 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 08155054 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 08155054 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 08155054 d:ShareCapital 2023-07-31 08155054 d:ShareCapital 2022-07-31 08155054 d:RetainedEarningsAccumulatedLosses 2023-07-31 08155054 d:RetainedEarningsAccumulatedLosses 2022-07-31 08155054 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-08-01 2023-07-31 08155054 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-07-31 08155054 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-07-31 08155054 c:FRS102 2022-08-01 2023-07-31 08155054 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08155054 c:FullAccounts 2022-08-01 2023-07-31 08155054 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08155054 d:WithinOneYear 2023-07-31 08155054 d:WithinOneYear 2022-07-31 08155054 d:BetweenOneFiveYears 2023-07-31 08155054 d:BetweenOneFiveYears 2022-07-31 08155054 d:MoreThanFiveYears 2023-07-31 08155054 d:MoreThanFiveYears 2022-07-31 08155054 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 08155054 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 08155054 2 2022-08-01 2023-07-31 08155054 6 2022-08-01 2023-07-31 08155054 d:Goodwill d:OwnedIntangibleAssets 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Company registration number: 08155054







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023


SILVERPLAY LIMITED






































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SILVERPLAY LIMITED
REGISTERED NUMBER:08155054



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
9,000
18,000

Tangible assets
 5 
1,191,798
717,561

Fixed asset investments
  
12,500
1,565

  
1,213,298
737,126

Current assets
  

Debtors: amounts falling due within one year
 7 
133,872
69,807

Cash at bank and in hand
  
697,326
472,407

  
831,198
542,214

Creditors: amounts falling due within one year
 8 
(554,969)
(417,043)

Net current assets
  
 
 
276,229
 
 
125,171

Total assets less current liabilities
  
1,489,527
862,297

Creditors: amounts falling due after more than one year
 9 
(142,649)
(249,263)

Provisions for liabilities
  

Deferred tax
 10 
(274,506)
(165,629)

Other provisions
 11 
(21,563)
(17,000)

  
 
 
(296,069)
 
 
(182,629)

Net assets
  
1,050,809
430,405

Page 1

 


SILVERPLAY LIMITED
REGISTERED NUMBER:08155054


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,050,807
430,403

  
1,050,809
430,405


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S Booth
Director

Date: 17 April 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Silverplay Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business is 50 King Street, Twickenham, TW1 3SH. 

The company's functional and presentational currency is GBP. 
2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10 years, the remaining term of the lease.
Plant and machinery
-
6 years
Motor vehicles
-
Fixtures and fittings
-
5 years
Computer equipment
-
6 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 24 (2022 - 17).


4.


Intangible assets




Goodwill

£



Cost


At 1 August 2022
90,000



At 31 July 2023

90,000



Amortisation


At 1 August 2022
72,000


Charge for the year on owned assets
9,000



At 31 July 2023

81,000



Net book value



At 31 July 2023
9,000



At 31 July 2022
18,000



Page 6

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Tangible fixed assets





Leasehold property improvements
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 August 2022
111,588
829,786
7,000
96,475
16,852
1,061,701


Additions
73,382
621,024
-
26,631
3,478
724,515


Disposals
-
(15,689)
(7,000)
-
-
(22,689)



At 31 July 2023

184,970
1,435,121
-
123,106
20,330
1,763,527



Depreciation


At 1 August 2022
44,846
228,082
583
64,361
6,268
344,140


Charge for the year on owned assets
19,006
200,866
-
13,832
2,835
236,539


Disposals
-
(8,367)
(583)
-
-
(8,950)



At 31 July 2023

63,852
420,581
-
78,193
9,103
571,729



Net book value



At 31 July 2023
121,118
1,014,540
-
44,913
11,227
1,191,798



At 31 July 2022
66,742
601,704
6,417
32,114
10,584
717,561


6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 August 2022
1,565


Additions
12,500


Disposals
(1,565)



At 31 July 2023
12,500




Page 7

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Debtors

2023
2022
£
£


Trade debtors
7,950
7,265

Other debtors
91,501
29,525

Prepayments and accrued income
34,421
33,017

133,872
69,807



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
4,010

Bank loans
-
45,000

Trade creditors
233,870
170,510

Corporation tax
84,944
27,636

Other taxation and social security
8,824
19,788

Obligations under finance lease and hire purchase contracts
133,090
77,585

Other creditors
75,661
60,652

Accruals and deferred income
18,580
11,862

554,969
417,043



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
100,417

Net obligations under finance leases and hire purchase contracts
142,649
148,846

142,649
249,263


Page 8

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.


Deferred taxation




2023


£






At beginning of year
(165,629)


Charged to profit or loss
(108,877)



At end of year
(274,506)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(274,506)
(165,629)

(274,506)
(165,629)


11.


Provisions




Dilapidation provision

£





At 1 August 2022
17,000


Charged to profit or loss
4,563



At 31 July 2023
21,563


12.


Commitments under operating leases

At 31 July 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
142,764
105,511

Later than 1 year and not later than 5 years
481,711
356,225

Later than 5 years
172,579
237,079

797,054
698,815

Page 9

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

13.


Related party transactions

During the year the following transactions with a director took place:


Brought forward
Advance / credit
Repaid
Carried forward
£
£
£
£

Directors current account
(1,197)
50,600
(7,963)
41,440
(1,197)
50,600
(7,963)
41,440

No interest was paid on the directors loan.

 
Page 10