IRIS Accounts Production v24.3.0.553 08864864 director 1.2.23 31.1.24 31.1.24 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088648642023-01-31088648642024-01-31088648642023-02-012024-01-31088648642022-01-31088648642022-02-012023-01-31088648642023-01-3108864864ns15:EnglandWales2023-02-012024-01-3108864864ns14:PoundSterling2023-02-012024-01-3108864864ns10:Director12023-02-012024-01-3108864864ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108864864ns10:SmallEntities2023-02-012024-01-3108864864ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3108864864ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3108864864ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108864864ns10:FullAccounts2023-02-012024-01-3108864864ns10:OrdinaryShareClass22023-02-012024-01-3108864864ns10:OrdinaryShareClass32023-02-012024-01-3108864864ns10:OrdinaryShareClass42023-02-012024-01-3108864864ns10:RegisteredOffice2023-02-012024-01-3108864864ns5:CurrentFinancialInstruments2024-01-3108864864ns5:CurrentFinancialInstruments2023-01-3108864864ns5:Non-currentFinancialInstruments2024-01-3108864864ns5:Non-currentFinancialInstruments2023-01-3108864864ns5:ShareCapital2024-01-3108864864ns5:ShareCapital2023-01-3108864864ns5:RetainedEarningsAccumulatedLosses2024-01-3108864864ns5:RetainedEarningsAccumulatedLosses2023-01-3108864864ns5:PlantMachinery2023-01-3108864864ns5:FurnitureFittings2023-01-3108864864ns5:MotorVehicles2023-01-3108864864ns5:ComputerEquipment2023-01-3108864864ns5:PlantMachinery2023-02-012024-01-3108864864ns5:FurnitureFittings2023-02-012024-01-3108864864ns5:MotorVehicles2023-02-012024-01-3108864864ns5:ComputerEquipment2023-02-012024-01-3108864864ns5:PlantMachinery2024-01-3108864864ns5:FurnitureFittings2024-01-3108864864ns5:MotorVehicles2024-01-3108864864ns5:ComputerEquipment2024-01-3108864864ns5:PlantMachinery2023-01-3108864864ns5:FurnitureFittings2023-01-3108864864ns5:MotorVehicles2023-01-3108864864ns5:ComputerEquipment2023-01-3108864864ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3108864864ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-012024-01-3108864864ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3108864864ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3108864864ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3108864864ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3108864864ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-01-3108864864ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3108864864ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3108864864ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3108864864ns10:OrdinaryShareClass22024-01-3108864864ns10:OrdinaryShareClass32024-01-3108864864ns10:OrdinaryShareClass42024-01-31088648641ns10:Director12023-01-31088648641ns10:Director12022-01-31088648641ns10:Director12023-02-012024-01-31088648641ns10:Director12022-02-012023-01-31088648641ns10:Director12024-01-31088648641ns10:Director12023-01-31
REGISTERED NUMBER: 08864864 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GROUNDPLAY LTD

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROUNDPLAY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr R Cook



REGISTERED OFFICE: 53 Parkland View
Lundwood
Barnsley
S71 5LG



REGISTERED NUMBER: 08864864 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: National Westminster Bank plc
26 Market Hill
Barnsley
South Yorkshire
S70 2QE

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,127 28,322

CURRENT ASSETS
Debtors 5 226,321 239,971
Cash at bank and in hand 71,086 29,663
297,407 269,634
CREDITORS
Amounts falling due within one year 6 66,586 84,098
NET CURRENT ASSETS 230,821 185,536
TOTAL ASSETS LESS CURRENT LIABILITIES 255,948 213,858

CREDITORS
Amounts falling due after more than
one year

7

(20,532

)

(33,828

)

PROVISIONS FOR LIABILITIES (4,774 ) (5,381 )
NET ASSETS 230,642 174,649

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 230,639 174,646
SHAREHOLDERS' FUNDS 230,642 174,649

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

BALANCE SHEET - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and authorised for issue by the director and authorised for issue on 11 October 2024 and were signed by:





Mr R Cook - Director


GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Groundplay 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carriny amounts of assets and liabilities within the next financial years.

Turnover
When the outcome of a contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by the percentage complete of a contract at the balance sheet date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 25% on reducing balance
Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on reducing balance

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.

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.

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 26,327 1,161 19,800 11,397 58,685
Additions 4,441 40 - 162 4,643
At 31 January 2024 30,768 1,201 19,800 11,559 63,328
DEPRECIATION
At 1 February 2023 17,030 629 5,830 6,874 30,363
Charge for year 2,538 136 3,655 1,509 7,838
At 31 January 2024 19,568 765 9,485 8,383 38,201
NET BOOK VALUE
At 31 January 2024 11,200 436 10,315 3,176 25,127
At 31 January 2023 9,297 532 13,970 4,523 28,322

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 10,500
DEPRECIATION
Charge for year 2,625
At 31 January 2024 2,625
NET BOOK VALUE
At 31 January 2024 7,875
At 31 January 2023 10,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 69,532 100,494
Other debtors 21,124 41,625
Directors' current accounts 123,468 81,095
VAT 7,819 12,125
Prepayments and accrued income 4,378 4,632
226,321 239,971

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 10,000 10,000
Hire purchase contracts 3,500 3,500
Trade creditors 40,690 33,772
Corporation tax 41,500 35,452
Social security and other taxes (32,547 ) -
Other creditors 2,073 127
Accruals and deferred income 1,370 1,247
66,586 84,098

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 7,324 17,120
Hire purchase contracts 3,208 6,708
20,532 33,828

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 6,708 10,208

The hire purchase contracts are secured against the fixed assets to which they relate.

GROUNDPLAY LTD (REGISTERED NUMBER: 08864864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
3 3

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr R Cook
Balance outstanding at start of year 81,095 34,705
Amounts advanced 128,140 81,095
Amounts repaid (85,767 ) (34,705 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 123,468 81,095