Company registration number 07196376 (England and Wales)
Kidz Playworld Limited
Unaudited
financial statements
for the year ended 31 January 2024
PAGES FOR FILING WITH REGISTRAR
Kidz Playworld Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Kidz Playworld Limited
Statement of financial position
as at 31 January 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,869
2,492
Current assets
Stocks
3,200
2,250
Debtors
3,979
4,203
7,179
6,453
Creditors: amounts falling due within one year
(185,182)
(147,359)
Net current liabilities
(178,003)
(140,906)
Total assets less current liabilities
(176,134)
(138,414)
Creditors: amounts falling due after more than one year
(9,167)
(15,212)
Net liabilities
(185,301)
(153,626)
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
(185,305)
(153,630)
Total equity
(185,301)
(153,626)
Kidz Playworld Limited
Statement of financial position (continued)
as at 31 January 2024
31 January 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 July 2024 and are signed on its behalf by:
T Sullivan
Director
Company Registration No. 07196376
Kidz Playworld Limited
Notes to the financial statements
for the year ended 31 January 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost, net of depreciation.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% Reducing balance
Fixtures, fittings & equipment
25% Reducing balance
Kitchen Equipment
25% Reducing balance
Stocks
Stocks are stated at the lower of cost and net realisable value.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
5
5
Kidz Playworld Limited
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 4 -
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Kitchen Equipment
Total
£
£
£
£
Cost
At 1 February 2023 and 31 January 2024
19,383
38,640
1,649
59,672
Depreciation and impairment
At 1 February 2023
17,856
37,675
1,649
57,180
Depreciation charged in the year
382
241
623
At 31 January 2024
18,238
37,916
1,649
57,803
Carrying amount
At 31 January 2024
1,145
724
1,869
At 31 January 2023
1,527
965
2,492
4
Company information
Kidz Playworld Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1-3 Edward Road, Adwick - le - Street, Doncaster, South Yorkshire, DN6 7AU.