Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31102023-01-01falseNo description of principal activity14falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03852692 2023-01-01 2023-12-31 03852692 2022-04-01 2022-12-31 03852692 2023-12-31 03852692 2022-12-31 03852692 c:Director2 2023-01-01 2023-12-31 03852692 d:Buildings 2023-01-01 2023-12-31 03852692 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 03852692 d:Buildings d:LongLeaseholdAssets 2023-12-31 03852692 d:Buildings d:LongLeaseholdAssets 2022-12-31 03852692 d:LandBuildings 2023-12-31 03852692 d:LandBuildings 2022-12-31 03852692 d:FurnitureFittings 2023-01-01 2023-12-31 03852692 d:FurnitureFittings 2023-12-31 03852692 d:FurnitureFittings 2022-12-31 03852692 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03852692 d:OfficeEquipment 2023-01-01 2023-12-31 03852692 d:OfficeEquipment 2023-12-31 03852692 d:OfficeEquipment 2022-12-31 03852692 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03852692 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03852692 d:CurrentFinancialInstruments 2023-12-31 03852692 d:CurrentFinancialInstruments 2022-12-31 03852692 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03852692 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03852692 d:ShareCapital 2023-12-31 03852692 d:ShareCapital 2022-12-31 03852692 d:RetainedEarningsAccumulatedLosses 2023-12-31 03852692 d:RetainedEarningsAccumulatedLosses 2022-12-31 03852692 c:FRS102 2023-01-01 2023-12-31 03852692 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03852692 c:FullAccounts 2023-01-01 2023-12-31 03852692 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03852692 2 2023-01-01 2023-12-31 03852692 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03852692









PLAY 2 LEARN BEDFORD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PLAY 2 LEARN BEDFORD LIMITED
REGISTERED NUMBER: 03852692

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
410,521
196,272

  
410,521
196,272

Current assets
  

Debtors: amounts falling due within one year
 5 
62,416
96,833

Cash at bank and in hand
 6 
97,343
20,548

  
159,759
117,381

Creditors: amounts falling due within one year
 7 
(687,239)
(367,325)

Net current liabilities
  
 
 
(527,480)
 
 
(249,944)

Total assets less current liabilities
  
(116,959)
(53,672)

  

Net liabilities
  
(116,959)
(53,672)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(116,963)
(53,676)

  
(116,959)
(53,672)


Page 1

 
PLAY 2 LEARN BEDFORD LIMITED
REGISTERED NUMBER: 03852692
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Year in question in accordance with section 476 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2024.




K Patel
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PLAY 2 LEARN BEDFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Play 2 Learn Bedford Ltd is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 03852692. The address of the registered office is Haslers, Old Station Road, Loughton, IG10 4PL

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the Year in which they are incurred.

Page 3

 
PLAY 2 LEARN BEDFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Long-term leasehold property
-
20 years
Fixtures and fittings
-
15%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
PLAY 2 LEARN BEDFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including the directors, during the Year was as follows:


        2023
        2022
            No.
            No.







Employees
14
10

Page 5

 
PLAY 2 LEARN BEDFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Improvement to property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
98,595
73,109
65,625
237,329


Additions
160,633
87,467
14,816
262,916



At 31 December 2023

259,228
160,576
80,441
500,245



Depreciation


At 1 January 2023
-
17,675
23,383
41,058


Charge for the Year on owned assets
12,962
21,436
14,268
48,666



At 31 December 2023

12,962
39,111
37,651
89,724



Net book value



At 31 December 2023
246,266
121,465
42,790
410,521



At 31 December 2022
98,595
55,434
42,243
196,272




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Long leasehold
246,266
98,595

246,266
98,595


Page 6

 
PLAY 2 LEARN BEDFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
10,180
4,047

Amounts owed by group undertakings
52,236
-

Other debtors
-
2,786

Prepayments and accrued income
-
90,000

62,416
96,833



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
97,343
20,548

Less: bank overdrafts
(15,747)
-

81,596
20,548



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
15,747
-

Trade creditors
2,236
28,055

Amounts owed to group undertakings
642,772
327,710

Other taxation and social security
-
3,440

Other creditors
17,288
1,501

Accruals and deferred income
9,196
6,619

687,239
367,325



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,411 (2022 - £1,373) . 

Page 7

 
PLAY 2 LEARN BEDFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Related party transactions

At the end of the financial year the following amount were owed (to)/from parent/associate companies.


2023
2022
£
£

Amounts owed (to)/from parent/associate companies
(590,536)
(327,710)
(590,536)
(327,710)

 
Page 8