IRIS Accounts Production v24.2.0.383 12954317 director 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh129543172022-12-31129543172023-12-31129543172023-01-012023-12-31129543172021-12-31129543172022-01-012022-12-31129543172022-12-3112954317ns15:EnglandWales2023-01-012023-12-3112954317ns14:PoundSterling2023-01-012023-12-3112954317ns10:Director12023-01-012023-12-3112954317ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112954317ns10:SmallEntities2023-01-012023-12-3112954317ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112954317ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112954317ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112954317ns10:FullAccounts2023-01-012023-12-311295431712023-01-012023-12-3112954317ns10:RegisteredOffice2023-01-012023-12-3112954317ns5:CurrentFinancialInstruments2023-12-3112954317ns5:CurrentFinancialInstruments2022-12-3112954317ns5:Non-currentFinancialInstruments2023-12-3112954317ns5:Non-currentFinancialInstruments2022-12-3112954317ns5:ShareCapital2023-12-3112954317ns5:ShareCapital2022-12-3112954317ns5:RetainedEarningsAccumulatedLosses2023-12-3112954317ns5:RetainedEarningsAccumulatedLosses2022-12-3112954317ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112954317ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-012023-12-3112954317ns5:IntangibleAssetsOtherThanGoodwill2022-12-3112954317ns5:IntangibleAssetsOtherThanGoodwill2023-12-3112954317ns5:IntangibleAssetsOtherThanGoodwill2022-12-3112954317ns5:PlantMachinery2022-12-3112954317ns5:PlantMachinery2023-01-012023-12-3112954317ns5:PlantMachinery2023-12-3112954317ns5:PlantMachinery2022-12-3112954317ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112954317ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3112954317ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112954317ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3112954317ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3112954317ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-12-3112954317ns5:HirePurchaseContracts2023-12-3112954317ns5:HirePurchaseContracts2022-12-3112954317ns5:WithinOneYear2023-12-3112954317ns5:WithinOneYear2022-12-3112954317ns5:BetweenOneFiveYears2023-12-3112954317ns5:BetweenOneFiveYears2022-12-3112954317ns5:AllPeriods2023-12-3112954317ns5:AllPeriods2022-12-31
REGISTERED NUMBER: 12954317 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PERFUME PLAYGROUND LIMITED

PERFUME PLAYGROUND LIMITED (REGISTERED NUMBER: 12954317)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PERFUME PLAYGROUND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs A M Laird





REGISTERED OFFICE: 5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR





REGISTERED NUMBER: 12954317 (England and Wales)





ACCOUNTANTS: Nagler Simmons
Chartered Accountants
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR

PERFUME PLAYGROUND LIMITED (REGISTERED NUMBER: 12954317)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,724 7,632
Tangible assets 5 184,548 12,151
190,272 19,783

CURRENT ASSETS
Stocks 407,298 262,306
Debtors 6 450,549 226,877
Cash at bank 270,062 535,773
1,127,909 1,024,956
CREDITORS
Amounts falling due within one year 7 573,820 711,703
NET CURRENT ASSETS 554,089 313,253
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,361

333,036

CREDITORS
Amounts falling due after more than
one year

8

128,583

-
NET ASSETS 615,778 333,036

PERFUME PLAYGROUND LIMITED (REGISTERED NUMBER: 12954317)

BALANCE SHEET - continued
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 615,678 332,936
SHAREHOLDERS' FUNDS 615,778 333,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 16 September 2024 and were signed by:





Mrs A M Laird - Director


PERFUME PLAYGROUND LIMITED (REGISTERED NUMBER: 12954317)

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

1. STATUTORY INFORMATION

Perfume Playground 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


PERFUME PLAYGROUND LIMITED (REGISTERED NUMBER: 12954317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 9,540
AMORTISATION
At 1 January 2023 1,908
Charge for year 1,908
At 31 December 2023 3,816
NET BOOK VALUE
At 31 December 2023 5,724
At 31 December 2022 7,632

PERFUME PLAYGROUND LIMITED (REGISTERED NUMBER: 12954317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 18,826
Additions 234,465
At 31 December 2023 253,291
DEPRECIATION
At 1 January 2023 6,675
Charge for year 62,068
At 31 December 2023 68,743
NET BOOK VALUE
At 31 December 2023 184,548
At 31 December 2022 12,151

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 402,110 222,698
Other debtors 48,439 4,179
450,549 226,877

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 20,707
Hire purchase contracts (see note 9) 14,302 -
Trade creditors 345,795 387,306
Taxation and social security 185,038 192,399
Other creditors 28,685 111,291
573,820 711,703

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 9) 128,583 -

PERFUME PLAYGROUND LIMITED (REGISTERED NUMBER: 12954317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 14,302 -
Between one and five years 128,583 -
142,885 -

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 42,750 -
Between one and five years 149,625 -
192,375 -