2023-04-012024-03-312024-03-31false04957094PLAYSOUND SERVICES LIMITED2024-11-15iso4217:GBPxbrli:pure049570942023-04-01049570942024-03-31049570942023-04-012024-03-31049570942022-04-01049570942023-03-31049570942022-04-012023-03-3104957094bus:SmallEntities2023-04-012024-03-3104957094bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3104957094bus:FullAccounts2023-04-012024-03-3104957094bus:PrivateLimitedCompanyLtd2023-04-012024-03-3104957094core:WithinOneYear2024-03-3104957094core:AfterOneYear2024-03-3104957094core:WithinOneYear2023-03-3104957094core:AfterOneYear2023-03-3104957094core:ShareCapital2024-03-3104957094core:SharePremium2024-03-3104957094core:RevaluationReserve2024-03-3104957094core:OtherReservesSubtotal2024-03-3104957094core:RetainedEarningsAccumulatedLosses2024-03-3104957094core:ShareCapital2023-03-3104957094core:SharePremium2023-03-3104957094core:RevaluationReserve2023-03-3104957094core:OtherReservesSubtotal2023-03-3104957094core:RetainedEarningsAccumulatedLosses2023-03-3104957094core:LandBuildings2024-03-3104957094core:PlantMachinery2024-03-3104957094core:Vehicles2024-03-3104957094core:FurnitureFittings2024-03-3104957094core:OfficeEquipment2024-03-3104957094core:NetGoodwill2024-03-3104957094core:IntangibleAssetsOtherThanGoodwill2024-03-3104957094core:ListedExchangeTraded2024-03-3104957094core:UnlistedNon-exchangeTraded2024-03-3104957094core:LandBuildings2023-03-3104957094core:PlantMachinery2023-03-3104957094core:Vehicles2023-03-3104957094core:FurnitureFittings2023-03-3104957094core:OfficeEquipment2023-03-3104957094core:NetGoodwill2023-03-3104957094core:IntangibleAssetsOtherThanGoodwill2023-03-3104957094core:ListedExchangeTraded2023-03-3104957094core:UnlistedNon-exchangeTraded2023-03-3104957094core:LandBuildings2023-04-012024-03-3104957094core:PlantMachinery2023-04-012024-03-3104957094core:Vehicles2023-04-012024-03-3104957094core:FurnitureFittings2023-04-012024-03-3104957094core:OfficeEquipment2023-04-012024-03-3104957094core:NetGoodwill2023-04-012024-03-3104957094core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104957094core:ListedExchangeTraded2023-04-012024-03-3104957094core:UnlistedNon-exchangeTraded2023-04-012024-03-3104957094core:MoreThanFiveYears2023-04-012024-03-3104957094core:Non-currentFinancialInstruments2024-03-3104957094core:Non-currentFinancialInstruments2023-03-3104957094dpl:CostSales2023-04-012024-03-3104957094dpl:DistributionCosts2023-04-012024-03-3104957094core:LandBuildings2023-04-012024-03-3104957094core:PlantMachinery2023-04-012024-03-3104957094core:Vehicles2023-04-012024-03-3104957094core:FurnitureFittings2023-04-012024-03-3104957094core:OfficeEquipment2023-04-012024-03-3104957094dpl:AdministrativeExpenses2023-04-012024-03-3104957094core:NetGoodwill2023-04-012024-03-3104957094core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104957094dpl:GroupUndertakings2023-04-012024-03-3104957094dpl:ParticipatingInterests2023-04-012024-03-3104957094dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3104957094core:ListedExchangeTraded2023-04-012024-03-3104957094dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3104957094core:UnlistedNon-exchangeTraded2023-04-012024-03-3104957094dpl:CostSales2022-04-012023-03-3104957094dpl:DistributionCosts2022-04-012023-03-3104957094core:LandBuildings2022-04-012023-03-3104957094core:PlantMachinery2022-04-012023-03-3104957094core:Vehicles2022-04-012023-03-3104957094core:FurnitureFittings2022-04-012023-03-3104957094core:OfficeEquipment2022-04-012023-03-3104957094dpl:AdministrativeExpenses2022-04-012023-03-3104957094core:NetGoodwill2022-04-012023-03-3104957094core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104957094dpl:GroupUndertakings2022-04-012023-03-3104957094dpl:ParticipatingInterests2022-04-012023-03-3104957094dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3104957094core:ListedExchangeTraded2022-04-012023-03-3104957094dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3104957094core:UnlistedNon-exchangeTraded2022-04-012023-03-3104957094core:NetGoodwill2024-03-3104957094core:IntangibleAssetsOtherThanGoodwill2024-03-3104957094core:LandBuildings2024-03-3104957094core:PlantMachinery2024-03-3104957094core:Vehicles2024-03-3104957094core:FurnitureFittings2024-03-3104957094core:OfficeEquipment2024-03-3104957094core:AfterOneYear2024-03-3104957094core:WithinOneYear2024-03-3104957094core:ListedExchangeTraded2024-03-3104957094core:UnlistedNon-exchangeTraded2024-03-3104957094core:ShareCapital2024-03-3104957094core:SharePremium2024-03-3104957094core:RevaluationReserve2024-03-3104957094core:OtherReservesSubtotal2024-03-3104957094core:RetainedEarningsAccumulatedLosses2024-03-3104957094core:NetGoodwill2023-03-3104957094core:IntangibleAssetsOtherThanGoodwill2023-03-3104957094core:LandBuildings2023-03-3104957094core:PlantMachinery2023-03-3104957094core:Vehicles2023-03-3104957094core:FurnitureFittings2023-03-3104957094core:OfficeEquipment2023-03-3104957094core:AfterOneYear2023-03-3104957094core:WithinOneYear2023-03-3104957094core:ListedExchangeTraded2023-03-3104957094core:UnlistedNon-exchangeTraded2023-03-3104957094core:ShareCapital2023-03-3104957094core:SharePremium2023-03-3104957094core:RevaluationReserve2023-03-3104957094core:OtherReservesSubtotal2023-03-3104957094core:RetainedEarningsAccumulatedLosses2023-03-3104957094core:NetGoodwill2022-04-0104957094core:IntangibleAssetsOtherThanGoodwill2022-04-0104957094core:LandBuildings2022-04-0104957094core:PlantMachinery2022-04-0104957094core:Vehicles2022-04-0104957094core:FurnitureFittings2022-04-0104957094core:OfficeEquipment2022-04-0104957094core:AfterOneYear2022-04-0104957094core:WithinOneYear2022-04-0104957094core:ListedExchangeTraded2022-04-0104957094core:UnlistedNon-exchangeTraded2022-04-0104957094core:ShareCapital2022-04-0104957094core:SharePremium2022-04-0104957094core:RevaluationReserve2022-04-0104957094core:OtherReservesSubtotal2022-04-0104957094core:RetainedEarningsAccumulatedLosses2022-04-0104957094core:AfterOneYear2023-04-012024-03-3104957094core:WithinOneYear2023-04-012024-03-3104957094core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3104957094core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3104957094core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3104957094core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3104957094core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3104957094core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3104957094core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3104957094core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3104957094core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3104957094core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3104957094core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3104957094core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3104957094core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3104957094core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3104957094core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3104957094core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3104957094core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3104957094core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3104957094core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3104957094core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3104957094core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3104957094core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3104957094core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3104957094core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3104957094core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3104957094core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3104957094core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3104957094bus:Director12023-04-012024-03-3104957094bus:Director22023-04-012024-03-31049570941bus:Director12023-04-01049570941bus:Director12023-04-012024-03-31049570941bus:Director12024-03-31049570942023-04-01049570942023-04-012024-03-31049570942024-03-31

PLAYSOUND SERVICES LIMITED

Registered Number
04957094
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

PLAYSOUND SERVICES LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Collins, Brian Richard
Collins, Jeanette

Registered Address

Unit 3 Paxton Place
Skelmersdale
WN8 9QH

Registered Number

04957094 (England and Wales)
PLAYSOUND SERVICES LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-5,259
Tangible assets4118,504135,255
118,504140,514
Current assets
Stocks530,37024,483
Debtors6519,821354,943
Cash at bank and on hand211,389241,425
761,580620,851
Creditors amounts falling due within one year7(425,169)(341,253)
Net current assets (liabilities)336,411279,598
Total assets less current liabilities454,915420,112
Creditors amounts falling due after one year8(67,862)(99,272)
Provisions for liabilities10(17,813)(12,713)
Net assets369,240308,127
Capital and reserves
Called up share capital100100
Profit and loss account369,140308,027
Shareholders' funds369,240308,127
The financial statements were approved and authorised for issue by the Board of Directors on 15 November 2024, and are signed on its behalf by:
Collins, Brian Richard
Director
Registered Company No. 04957094
PLAYSOUND SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Revenue from sale of goods
Turnover is stated net of VAT. Turnover from work done and goods supplied is recognised when the contract is completed or the goods have been delivered to the customer. Where a contract has been partially completed at the balance sheet date turnover represents the value of the work done to date based on a proportion of the total contract. Where payments are received in advance of work done or goods supplied, the amounts are recorded as deferred income and included as part of creditors due within one year.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined benefit pension plan
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill is the difference between the fair value of consideration paid for an acquired entity and the aggregate of the fair value of that entity's identifiable assets and liabilities. Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first ful financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable. The amortisation method and rate used is 5% on cost.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Vehicles5
Office Equipment5
Finance leases and hire purchase contracts
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.
Stocks and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion o fixed and variable overheads.
Trade and other 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.
Trade and other 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.
2.Average number of employees

20242023
Average number of employees during the year1918
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 23105,180105,180
At 31 March 24105,180105,180
Amortisation and impairment
At 01 April 2399,92199,921
Charge for year5,2595,259
At 31 March 24105,180105,180
Net book value
At 31 March 24--
At 31 March 235,2595,259
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 2353,369199,27520,414273,058
Additions3,14764,2472,76570,159
Disposals-(79,082)-(79,082)
At 31 March 2456,516184,44023,179264,135
Depreciation and impairment
At 01 April 2343,72578,06416,014137,803
Charge for year4,76433,0671,63039,461
On disposals-(31,633)-(31,633)
At 31 March 2448,48979,49817,644145,631
Net book value
At 31 March 248,027104,9425,535118,504
At 31 March 239,644121,2114,400135,255
5.Stocks

2024

2023

££
Work in progress18,3948,883
Finished goods11,97615,600
Total30,37024,483
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables262,352198,802
Other debtors218,652151,998
Prepayments and accrued income38,8174,143
Total519,821354,943
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables163,884117,220
Bank borrowings and overdrafts9,7039,703
Taxation and social security129,63489,708
Finance lease and HP contracts31,02031,578
Other creditors5,3883,168
Accrued liabilities and deferred income85,54089,876
Total425,169341,253
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts12,70122,647
Other creditors55,16176,625
Total67,86299,272
9.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts55,16176,626
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)17,81312,713
Total17,81312,713
11.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Collins, Brian Richard151,99866,6540218,652
and Mrs J collins
151,99866,6540218,652
The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023: