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REGISTERED NUMBER: SC560835 (Scotland)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

RE-PLAY IT LTD

RE-PLAY IT LTD (Registered number: SC560835)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RE-PLAY IT LTD

Company Information
For The Year Ended 31 March 2024







DIRECTORS: A A Malik
M A Aziz





REGISTERED OFFICE: 126 High Street
Musselburgh
Mussellburgh
EH21 7EA





REGISTERED NUMBER: SC560835 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

RE-PLAY IT LTD (Registered number: SC560835)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 5 36,768 103,319
Cash at bank 1,738 1,738
38,506 105,057
CREDITORS
Amounts falling due within one year 6 66,880 67,590
NET CURRENT (LIABILITIES)/ASSETS (28,374 ) 37,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,374

)

37,467

CREDITORS
Amounts falling due after more than one
year

7

44,064

44,064
NET LIABILITIES (72,438 ) (6,597 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (72,538 ) (6,697 )
SHAREHOLDERS' FUNDS (72,438 ) (6,597 )

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

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

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.

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 by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:




A A Malik - Director


RE-PLAY IT LTD (Registered number: SC560835)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

RE-PLAY IT LTD is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

RE-PLAY IT LTD (Registered number: SC560835)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 23,531
DEPRECIATION
At 1 April 2023
and 31 March 2024 23,531
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 36,768 103,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 4,471 4,226
PAYE 5,000 5,000
VAT 50,560 50,560
Accrued expenses 6,849 7,804
66,880 67,590

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 5,936 5,936
Bounce back loan 38,128 38,128
44,064 44,064

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 5,936 5,936

RE-PLAY IT LTD (Registered number: SC560835)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary Shares 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 (6,697 )
Deficit for the year (65,841 )
At 31 March 2024 (72,538 )