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REGISTERED NUMBER: 07442997 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

PHONICSPLAY LIMITED

PHONICSPLAY LIMITED (REGISTERED NUMBER: 07442997)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHONICSPLAY LIMITED

Company Information
for the year ended 30 November 2023







DIRECTORS: R M Springham
J Springham





SECRETARY: J Springham





REGISTERED OFFICE: Rose Cottage
Highbridge Lane
East Chiltington
Lewes
East Sussex
BN7 3QY





REGISTERED NUMBER: 07442997 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

PHONICSPLAY LIMITED (REGISTERED NUMBER: 07442997)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 5,078
Tangible assets 5 358 860
358 5,938

CURRENT ASSETS
Debtors 6 16,943 16,722
Cash at bank 213,531 191,568
230,474 208,290
CREDITORS
Amounts falling due within one year 7 (36,683 ) (22,663 )
NET CURRENT ASSETS 193,791 185,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,149

191,565

PROVISIONS FOR LIABILITIES 8 (84 ) (190 )
NET ASSETS 194,065 191,375

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 194,063 191,373
SHAREHOLDERS' FUNDS 194,065 191,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

PHONICSPLAY LIMITED (REGISTERED NUMBER: 07442997)

Balance Sheet - continued
30 November 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 23 July 2024 and were signed on its behalf by:





J Springham - Director


PHONICSPLAY LIMITED (REGISTERED NUMBER: 07442997)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Phonicsplay 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from the sale of website subscription fees is recognised at the point of sale.

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.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment & furniture- 25% on cost

Financial instruments
Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 balance sheet date.


PHONICSPLAY LIMITED (REGISTERED NUMBER: 07442997)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
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.

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.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 52,333 35,695 88,028
AMORTISATION
At 1 December 2022 52,333 30,617 82,950
Amortisation for year - 5,078 5,078
At 30 November 2023 52,333 35,695 88,028
NET BOOK VALUE
At 30 November 2023 - - -
At 30 November 2022 - 5,078 5,078

PHONICSPLAY LIMITED (REGISTERED NUMBER: 07442997)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022 27,994
Disposals (7,099 )
At 30 November 2023 20,895
DEPRECIATION
At 1 December 2022 27,134
Charge for year 502
Eliminated on disposal (7,099 )
At 30 November 2023 20,537
NET BOOK VALUE
At 30 November 2023 358
At 30 November 2022 860

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,977 12,720
Other debtors 4,966 4,002
16,943 16,722

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 33,289 19,419
Other creditors 3,394 3,244
36,683 22,663

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 84 190

Deferred
tax
£   
Balance at 1 December 2022 190
Accelerated capital allowances (106 )
Balance at 30 November 2023 84

PHONICSPLAY LIMITED (REGISTERED NUMBER: 07442997)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2