Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 06252520 Mr Sherief Megid Mrs Jennifer Megid Ms Donna Henley Mrs Jennifer Megid iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06252520 2023-01-31 06252520 2024-01-31 06252520 2023-02-01 2024-01-31 06252520 frs-core:CurrentFinancialInstruments 2024-01-31 06252520 frs-core:Non-currentFinancialInstruments 2024-01-31 06252520 frs-core:ComputerEquipment 2024-01-31 06252520 frs-core:ComputerEquipment 2023-02-01 2024-01-31 06252520 frs-core:ComputerEquipment 2023-01-31 06252520 frs-core:FurnitureFittings 2024-01-31 06252520 frs-core:FurnitureFittings 2023-02-01 2024-01-31 06252520 frs-core:FurnitureFittings 2023-01-31 06252520 frs-core:MotorVehicles 2024-01-31 06252520 frs-core:MotorVehicles 2023-02-01 2024-01-31 06252520 frs-core:MotorVehicles 2023-01-31 06252520 frs-core:ShareCapital 2024-01-31 06252520 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06252520 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06252520 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 06252520 frs-bus:SmallEntities 2023-02-01 2024-01-31 06252520 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06252520 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06252520 frs-core:DeferredTaxation 2023-02-01 2024-01-31 06252520 frs-core:DeferredTaxation 2023-01-31 06252520 frs-core:DeferredTaxation 2024-01-31 06252520 frs-bus:Director1 2023-02-01 2024-01-31 06252520 frs-bus:Director2 2023-02-01 2024-01-31 06252520 frs-bus:Director3 2023-02-01 2024-01-31 06252520 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 06252520 frs-core:CurrentFinancialInstruments 1 2024-01-31 06252520 frs-core:CurrentFinancialInstruments 2 2024-01-31 06252520 frs-countries:EnglandWales 2023-02-01 2024-01-31 06252520 2022-01-31 06252520 2023-01-31 06252520 2022-02-01 2023-01-31 06252520 frs-core:CurrentFinancialInstruments 2023-01-31 06252520 frs-core:Non-currentFinancialInstruments 2023-01-31 06252520 frs-core:MotorVehicles 2022-02-01 2023-01-31 06252520 frs-core:WithinOneYear 2023-01-31 06252520 frs-core:ShareCapital 2023-01-31 06252520 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 06252520 frs-core:CurrentFinancialInstruments 1 2023-01-31 06252520 frs-core:CurrentFinancialInstruments 2 2023-01-31
Registered number: 06252520
Play Creations Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06252520
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,976 72,361
61,976 72,361
CURRENT ASSETS
Stocks 30,021 25,603
Debtors 5 4,250 2,559
Cash at bank and in hand 23,830 60,822
58,101 88,984
Creditors: Amounts Falling Due Within One Year 6 (30,041 ) (70,941 )
NET CURRENT ASSETS (LIABILITIES) 28,060 18,043
TOTAL ASSETS LESS CURRENT LIABILITIES 90,036 90,404
Creditors: Amounts Falling Due After More Than One Year 7 (20,702 ) (32,880 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (12,662 ) (13,409 )
NET ASSETS 56,672 44,115
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 56,572 44,015
SHAREHOLDERS' FUNDS 56,672 44,115
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sherief Megid
Director
18/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Play Creations Ltd Registered number 06252520 is a limited by shares company incorporated in England & Wales. The Registered Office is 19 Middlewoods Way, Wharncliffe Business park, Carlton, Barnsley, S71 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 31,140 109,792 29,812 170,744
Additions - 9,018 3,086 12,104
As at 31 January 2024 31,140 118,810 32,898 182,848
Depreciation
As at 1 February 2023 18,777 59,555 20,051 98,383
Provided during the period 3,547 15,111 3,831 22,489
As at 31 January 2024 22,324 74,666 23,882 120,872
Net Book Value
As at 31 January 2024 8,816 44,144 9,016 61,976
As at 1 February 2023 12,363 50,237 9,761 72,361
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles - 6,216
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,559
Other debtors 4,250 -
4,250 2,559
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,367
Trade creditors 52 -
Bank loans and overdrafts 10,000 10,000
Corporation tax 7,631 7,823
PAYE 792 2,433
VAT 4,106 1,183
Pension creditor 107 111
Income received in advance 3,270 43,518
Accruals and deferred income 1,791 488
Deferred govt grants 2,178 2,904
Directors' loan accounts 114 114
30,041 70,941
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,167 24,167
Deferred govt grants 6,535 8,713
20,702 32,880
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 2,367
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 12,662 13,409
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2023 13,409 13,409
Reversals (747 ) (747)
Balance at 31 January 2024 12,662 12,662
11. Related Party Transactions
The company is controlled by Mr S Megid, director and shareholder of the company.
The balance on the director's loan accounts of Mr S Megid at 31st January 2024 was £114 (2023 - £114) due from the company.
Page 5