Company registration number 05993575 (England and Wales)
RUBICON PLAY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
RUBICON PLAY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
RUBICON PLAY LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
30,640
6,742
Current assets
Stocks
36,080
40,384
Debtors
4
40,126
45,518
Cash at bank and in hand
67,047
123,335
143,253
209,237
Creditors: amounts falling due within one year
5
(52,546)
(86,073)
Net current assets
90,707
123,164
Total assets less current liabilities
121,347
129,906
Creditors: amounts falling due after more than one year
6
(31,275)
(36,063)
Provisions for liabilities
7
(7,660)
(1,686)
Net assets
82,412
92,157
Capital and reserves
Called up share capital
8
25,000
25,000
Profit and loss reserves
57,412
67,157
Total equity
82,412
92,157

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 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 23 August 2024 and are signed on its behalf by:
Mr N Phillips
Director
Company Registration No. 05993575
RUBICON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

Rubicon Play Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 21 Heads of the Valley Ind. Est., Rhymney, Tredegar, Gwent, Wales, NP22 5RL.

1.1
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.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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
at varying rates on cost
Computer equipment
33% on cost and at varying rates on cost
Motor vehicles
Straight line over four years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.5
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

 

RUBICON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
5
RUBICON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
3
Tangible fixed assets
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 December 2022
48,370
811
7,500
56,681
Additions
-
0
-
0
30,990
30,990
At 30 November 2023
48,370
811
38,490
87,671
Depreciation and impairment
At 1 December 2022
41,899
540
7,500
49,939
Depreciation charged in the year
2,301
271
4,520
7,092
At 30 November 2023
44,200
811
12,020
57,031
Carrying amount
At 30 November 2023
4,170
-
0
26,470
30,640
At 30 November 2022
6,471
271
-
0
6,742
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
28,326
43,718
Corporation tax recoverable
6,411
-
0
Other debtors
5,389
1,800
40,126
45,518
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
4,789
4,679
Trade creditors
4,560
5,934
Corporation tax
-
0
16,748
Other taxation and social security
-
0
5,195
Other creditors
43,197
53,517
52,546
86,073

RUBICON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
31,275
36,063

 

Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
10,929
16,193
7
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
7,660
1,686
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
25,000
25,000
25,000
25,000
9
Directors' transactions

Dividends totalling £0 (2022 - £25,000) were paid in the year in respect of shares held by the company's directors.

The directors operate a current account with the company which is debited with payments made on their behalf and credited with funds introduced and undrawn directors' fees. The amount owed by the company as at 30 November 2023 was £41,197 (2022: £50,669). This amount being included in creditors: amounts falling due within one year.

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