2023-01-01 2023-12-31 false Capium Accounts Production 1.1 08131434 bus:FullAccounts 2023-01-01 2023-12-31 08131434 bus:FRS102 2023-01-01 2023-12-31 08131434 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08131434 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08131434 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08131434 2023-01-01 2023-12-31 08131434 2023-12-31 08131434 bus:RegisteredOffice 2023-01-01 2023-12-31 08131434 core:WithinOneYear 2023-12-31 08131434 core:AfterOneYear 2023-12-31 08131434 bus:Director1 2023-01-01 2023-12-31 08131434 bus:Director1 2023-12-31 08131434 bus:Director1 2022-01-01 2022-12-31 08131434 bus:Director2 2023-01-01 2023-12-31 08131434 bus:Director2 2023-12-31 08131434 bus:Director2 2022-01-01 2022-12-31 08131434 bus:Director3 2023-01-01 2023-12-31 08131434 bus:Director3 2023-12-31 08131434 bus:Director3 2022-01-01 2022-12-31 08131434 2022-01-01 08131434 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 08131434 2022-01-01 2022-12-31 08131434 2022-12-31 08131434 core:WithinOneYear 2022-12-31 08131434 core:AfterOneYear 2022-12-31 08131434 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 08131434 core:FurnitureFittings 2023-01-01 2023-12-31 08131434 core:FurnitureFittings 2023-12-31 08131434 core:FurnitureFittings 2022-12-31 08131434 core:ComputerEquipment 2023-01-01 2023-12-31 08131434 core:ComputerEquipment 2023-12-31 08131434 core:ComputerEquipment 2022-12-31 08131434 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 08131434 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 08131434 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 08131434 core:OtherResidualIntangibleAssets 2023-12-31 08131434 core:OtherResidualIntangibleAssets 2022-12-31 08131434 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 08131434 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 08131434 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 08131434 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 08131434 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 08131434 core:Non-currentFinancialInstruments 2023-12-31 08131434 core:Non-currentFinancialInstruments 2022-12-31 08131434 core:ShareCapital 2023-12-31 08131434 core:ShareCapital 2022-12-31 08131434 core:SharePremium 2023-12-31 08131434 core:SharePremium 2022-12-31 08131434 core:RetainedEarningsAccumulatedLosses 2023-12-31 08131434 core:RetainedEarningsAccumulatedLosses 2022-12-31 08131434 dpl:Item1 2023-01-01 08131434 dpl:Item1 2023-12-31 08131434 dpl:Item1 2022-01-01 08131434 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Logo On Report
Registered Number: 08131434
England and Wales

 

 

 

WE PLAY LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Directors Simon Cummins
Olivier Gers
Luca Massaro
Registered Number 08131434
Registered Office 6th Floor We Work
30 Churchill Place
London
E14 5RE
Accountants Ward Williams Creatives Limited
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 247,672    191,602 
Tangible fixed assets 4 27,640    11,850 
275,312    203,452 
Current assets      
Debtors 5 516,275    950,558 
Cash at bank and in hand 1,629,325    769,106 
2,145,600    1,719,664 
Creditors: amount falling due within one year 6 (2,071,558)   (1,781,640)
Net current assets 74,042    (61,976)
 
Total assets less current liabilities 349,354    141,476 
Creditors: amount falling due after more than one year 7 (70,833)   (120,833)
Provisions for liabilities 8 41,189   
Net assets 319,710    20,643 
 

Capital and reserves
     
Called up share capital 4,020    4,311 
Share premium account 9 304,762    304,491 
Profit and loss account 10,928    (288,159)
Shareholders' funds 319,710    20,643 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 04 September 2024 and were signed on its behalf by:


-------------------------------
Luca Massaro
Director
2
General Information
We Play Limited is a private company, limited by shares, registered in England and Wales, registration number 08131434, registration address 6th Floor We Work, 30 Churchill Place , London, E14 5RE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees


Average number of employees during the year was 30 (2022 : 30).
3.

Intangible fixed assets

Cost Development Costs   Total
  £   £
At 01 January 2023 250,470    250,470 
Additions 158,250    158,250 
Disposals  
At 31 December 2023 408,720    408,720 
Amortisation
At 01 January 2023 58,868    58,868 
Charge for year 102,180    102,180 
On disposals  
At 31 December 2023 161,048    161,048 
Net book values
At 31 December 2023 247,672    247,672 
At 31 December 2022 191,602    191,602 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2023 8,289    35,396    43,685 
Additions 1,311    22,616    23,927 
Disposals    
At 31 December 2023 9,600    58,012    67,612 
Depreciation
At 01 January 2023 7,570    24,265    31,835 
Charge for year 975    7,162    8,137 
On disposals    
At 31 December 2023 8,545    31,427    39,972 
Net book values
Closing balance as at 31 December 2023 1,055    26,585    27,640 
Opening balance as at 01 January 2023 719    11,131    11,850 


5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 179,266    752,450 
Prepayments & Accrued Income 10,396    90,782 
Other Debtors 47,455    41,076 
Other debtors - S455 20,349    16,250 
VAT 198,517   
455,983    900,558 

5.

Debtors: amounts falling due after one year

2023
£
  2022
£
Directors Loan Accounts 60,292    50,000 
60,292    50,000 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 804,771    754,839 
Bank Loans & Overdrafts (Secured) 50,000    50,000 
Corporation Tax 4,099    16,250 
PAYE & Social Security 53,186    48,328 
Accrued Expenses 982,847    289,682 
Deferred Income 154,943    315,306 
Other Creditors 18,118    299,159 
Wages & Salaries Control Account (1,705)  
Pension Control Account 5,299    6,475 
VAT   1,601 
2,071,558    1,781,640 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 70,833    120,833 
70,833    120,833 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax (41,189)  
(41,189)  

9.

Share premium account

2023
£
  2022
£
Equity Share Premium b/fwd 304,762    304,491 
304,762    304,491 

3