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REGISTERED NUMBER: 12516181 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JUST PLAY PRODUCTS LTD

JUST PLAY PRODUCTS LTD (REGISTERED NUMBER: 12516181)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JUST PLAY PRODUCTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C E Emby
G R Greenberg





REGISTERED OFFICE: St Andrews House
West Street
Woking
GU21 6EB





REGISTERED NUMBER: 12516181 (England and Wales)

JUST PLAY PRODUCTS LTD (REGISTERED NUMBER: 12516181)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 212,603 39,585

CURRENT ASSETS
Stocks 824,118 1,875,860
Debtors 5 3,107,537 2,247,617
Cash at bank 1,373,082 503,378
5,304,737 4,626,855
CREDITORS
Amounts falling due within one year 6 8,662,376 7,055,517
NET CURRENT LIABILITIES (3,357,639 ) (2,428,662 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,145,036

)

(2,389,077

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (3,145,037 ) (2,389,078 )
(3,145,036 ) (2,389,077 )

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 9 August 2024 and were signed on its behalf by:





C E Emby - Director


JUST PLAY PRODUCTS LTD (REGISTERED NUMBER: 12516181)

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

1. STATUTORY INFORMATION

Just Play Products Ltd 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.

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.

Going concern
In adopting the going concern basis for preparing the financial statements, the Directors have considered the Company's current financial position along with the trading forecast to 31 December 2025.

The Parent company has committed to provide continuing financial support for a period of at least 12 months from the date of approval of the financial statements.

As a result, the Directors believe the Company will continue to have adequate resources to meet its liabilities as they fall due and retain sufficient working capital to remain in operation. The Directors therefore consider it appropriate for the Company to adopt the going concern basis in preparing its financial statements.

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

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.


JUST PLAY PRODUCTS LTD (REGISTERED NUMBER: 12516181)

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. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 January 2023 30,849 43,711 74,560
Additions 171,256 40,783 212,039
Disposals (24,874 ) - (24,874 )
At 31 December 2023 177,231 84,494 261,725
DEPRECIATION
At 1 January 2023 13,073 21,902 34,975
Charge for year (9,325 ) 23,472 14,147
At 31 December 2023 3,748 45,374 49,122
NET BOOK VALUE
At 31 December 2023 173,483 39,120 212,603
At 31 December 2022 17,776 21,809 39,585

JUST PLAY PRODUCTS LTD (REGISTERED NUMBER: 12516181)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,581,485 1,309,916
Other debtors 1,198,770 899,010
VAT 298,133 -
Prepayments and accrued income 29,149 38,691
3,107,537 2,247,617

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 205,286 340,481
Amounts owed to group undertakings 7,408,796 6,215,080
Social security and other taxes 502,282 241,364
Other creditors 23,425 102,677
Accruals and deferred income 522,587 155,915
8,662,376 7,055,517

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lee Gardner FCA (Senior Statutory Auditor)
for and on behalf of Vale & West Accountancy Services Limited