REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1st February 2023 to 29th January 2024 |
for |
Activplay Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1st February 2023 to 29th January 2024 |
for |
Activplay Limited |
Activplay Limited (Registered number: 08843254) |
Contents of the Financial Statements |
for the Period 1st February 2023 to 29th January 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Activplay Limited (Registered number: 08843254) |
Balance Sheet |
29th January 2024 |
29.1.24 | 31.1.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Activplay Limited (Registered number: 08843254) |
Balance Sheet - continued |
29th January 2024 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Activplay Limited (Registered number: 08843254) |
Notes to the Financial Statements |
for the Period 1st February 2023 to 29th January 2024 |
1. | COMPANY INFORMATION |
Activplay Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. |
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered. |
Activplay Limited (Registered number: 08843254) |
Notes to the Financial Statements - continued |
for the Period 1st February 2023 to 29th January 2024 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful life on the following basis: |
Plant and machinery 33% Reducing Balance |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1st February 2023 |
and 29th January 2024 |
DEPRECIATION |
At 1st February 2023 |
Charge for period |
At 29th January 2024 |
NET BOOK VALUE |
At 29th January 2024 |
At 31st January 2023 |
Activplay Limited (Registered number: 08843254) |
Notes to the Financial Statements - continued |
for the Period 1st February 2023 to 29th January 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.1.24 | 31.1.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Called up share capital not paid |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.1.24 | 31.1.23 |
£ | £ |
Bank loans and overdrafts (see note 8) |
Trade creditors |
VAT | 13,943 | 12,183 |
Accruals and deferred income |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.1.24 | 31.1.23 |
£ | £ |
Bank loans (see note 8) |
8. | LOANS |
An analysis of the maturity of loans is given below: |
29.1.24 | 31.1.23 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Bank loans comprise a Bounce Back loan taken over a 6 year tern with no repayments or interest arising in the first 12 months. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.1.24 | 31.1.23 |
value: | £ | £ |
Ordinary | 1 | 1,185 | 1,185 |
Share capital of 1,000 remains unpaid, with the remaining 185 being fully paid as at the balance sheet date. |
Activplay Limited (Registered number: 08843254) |
Notes to the Financial Statements - continued |
for the Period 1st February 2023 to 29th January 2024 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Dividends totalling £0 (2023 - £0) were paid in the year in respect of shares held by the company's directors. |
During the year, the company was invoiced in respect of consultancy fees totalling £60,160 (2023: £46,000) from the directors of the company. |
At the balance sheet date Activplay Limited was owed £921 (2023: £921) from the directors in respect of unpaid share capital. These amounts remain unpaid and are included within other debtors. |
11. | RELATED PARTY DISCLOSURES |
During the year Activcorp Limited, a company related by common directorship, charged the company consultancy fees amounting to £10,500 (2023: £23,000). |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is the directors. |