Playerdata Limited |
Registered number: |
SC571960 |
Balance Sheet |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
|
|
|
|
|
|
as restated |
Intangible assets |
3 |
|
|
1,675,894 |
|
|
1,679,549 |
Tangible assets |
4 |
|
|
47,994 |
|
|
18,993 |
|
|
|
|
1,723,888 |
|
|
1,698,542 |
|
Current assets |
Stocks |
|
|
744,177 |
|
|
711,752 |
Debtors |
5 |
|
160,253 |
|
|
617,915 |
Cash at bank and in hand |
|
|
100,030 |
|
|
26,874 |
|
|
|
1,004,460 |
|
|
1,356,541 |
|
Creditors: amounts falling due within one year |
6 |
|
(637,378) |
|
|
(336,493) |
|
Net current assets |
|
|
|
367,082 |
|
|
1,020,048 |
|
Total assets less current liabilities |
|
|
|
2,090,970 |
|
|
2,718,590 |
|
Creditors: amounts falling due after more than one year |
7 |
|
|
(5,956,045) |
|
|
(2,202,254) |
|
Provisions for liabilities |
|
|
|
(3,608) |
|
|
(3,608) |
|
|
Net (liabilities)/assets |
|
|
|
(3,868,683) |
|
|
512,728 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
2,587,525 |
|
|
2,587,525 |
Profit and loss account |
|
|
|
(6,456,208) |
|
|
(2,074,797) |
|
Shareholder's funds |
|
|
|
(3,868,683) |
|
|
512,728 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
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. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
Sukrit Hotrabhvanon |
Director |
Approved by the board on 2 October 2024 |
|
Playerdata Limited |
Notes to the Accounts |
for the year ended 31 December 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Intangible fixed assets |
|
Other intangible assets are recorded at cost and amortised to the profit and loss account over its estimated economic life. Amortisation begins when the intangible asset is available for use. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Office furniture and equipment |
25%straight line |
|
Computer equipment |
25%straight line |
|
|
Research and Development |
|
Expenditure on research and development is written off in the year it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met It is technically feasible to complete the intangible asset so that it will be available for use or sale; • There is the intention to complete the intangible asset and use or sell it; • There is the ability to use or sell the intangible asset; • The use or sale of the intangible asset will generate probable future economic benefits; • There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and • The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred. |
|
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Going Concern |
|
The company is reliant on the support of its parent company Playerdata Holdings Limited, there is a long term loan balance of £5,956,045 due from the company to its Parent. There are no other long term liabilities in the Company or Group. Management have reviewed the going concern basis and believe it to be appropriate as the Group has sufficient funds to meet its liabilities as they fall due over the next 12 months. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
32 |
|
29 |
|
|
|
|
|
|
|
|
|
|
3 |
Intangible fixed assets |
|
|
|
|
Website |
|
Development |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2023 |
18,274 |
|
1,667,671 |
|
1,685,945 |
|
At 31 December 2023 |
18,274 |
|
1,667,671 |
|
1,685,945 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2023 |
6,396 |
|
- |
|
6,396 |
|
Provided during the year |
3,655 |
|
- |
|
3,655 |
|
At 31 December 2023 |
10,051 |
|
- |
|
10,051 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2023 |
8,223 |
|
1,667,671 |
|
1,675,894 |
|
At 31 December 2022 |
11,878 |
|
1,667,671 |
|
1,679,549 |
|
|
|
|
|
|
|
|
|
|
Website cost is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
4 |
Tangible fixed assets |
|
|
|
|
Office furniture and equipment |
|
Computer Equipment |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2023 |
5,481 |
|
43,840 |
|
49,321 |
|
Additions |
12,754 |
|
31,684 |
|
44,438 |
|
At 31 December 2023 |
18,235 |
|
75,524 |
|
93,759 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2023 |
1,463 |
|
28,865 |
|
30,328 |
|
Charge for the year |
3,318 |
|
12,119 |
|
15,437 |
|
At 31 December 2023 |
4,781 |
|
40,984 |
|
45,765 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2023 |
13,454 |
|
34,540 |
|
47,994 |
|
At 31 December 2022 |
4,018 |
|
14,975 |
|
18,993 |
|
|
5 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
19,023 |
|
25,450 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
64,047 |
|
- |
|
Accrued income and prepayments |
|
|
|
|
18,922 |
|
6,737 |
|
Other debtors |
58,261 |
|
585,728 |
|
|
|
|
|
|
160,253 |
|
617,915 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans and overdrafts |
1,682 |
|
- |
|
Trade creditors |
456,197 |
|
228,049 |
|
Taxation and social security costs |
74,725 |
|
67,243 |
|
Accruals |
13,679 |
|
6,298 |
|
Deferred income |
77,255 |
|
30,157 |
|
Other creditors |
13,840 |
|
4,746 |
|
|
|
|
|
|
637,378 |
|
336,493 |
|
|
|
|
|
|
|
|
|
|
7 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
As restated |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
5,956,045 |
|
2,202,254 |
|
|
|
|
|
|
|
|
|
|
8 |
Controlling party |
|
|
The company's ultimate controlling party is Playerdata Holidngs Limited (SC570462) by virtue of its ownership of 100% of the issued share capital in the company. The company is entitled to exemption from preparing group accounts under section 399(2a) of the Companies Act 2006 relating to small companies. |
|
|
9 |
Other information |
|
|
Playerdata Limited is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
101 George Street |
|
Edinburgh |
|
EH2 3ES |
|
|
# |
Prior period adjustment - Share capital |
|
|
The accounts have been restaed to incorporate the misclassification of a loan to Playerdata Limited previously categorised as issued share capital for the year ended 31 December 2022. The change has resulted in a decrease in share capital of £2,202,254 and an increase in amounts due to group undertakigs for the same amount. |