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REGISTERED NUMBER: 08696645 (England and Wales)















Cardiff Soft Play Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






Cardiff Soft Play Limited (Registered number: 08696645)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cardiff Soft Play Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L J Gough
H L Phillips





REGISTERED OFFICE: 5 Vanguard Way
Ocean Way
Cardiff
CF24 5PJ





REGISTERED NUMBER: 08696645 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Cardiff Soft Play Limited (Registered number: 08696645)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 428,366 319,533

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 488,176 239,720
Cash at bank and in hand 170,077 154,727
659,753 395,947
CREDITORS
Amounts falling due within one year 6 647,655 591,536
NET CURRENT ASSETS/(LIABILITIES) 12,098 (195,589 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,464

123,944

CREDITORS
Amounts falling due after more than one year 7 70,128 -
NET ASSETS 370,336 123,944

CAPITAL AND RESERVES
Called up share capital 8 102 102
Retained earnings 9 370,234 123,842
SHAREHOLDERS' FUNDS 370,336 123,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 29 November 2024 and were signed on its behalf by:





L J Gough - Director


Cardiff Soft Play Limited (Registered number: 08696645)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Cardiff Soft Play Limited 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 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 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
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 the work performed to date to the total estimated contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

Cardiff Soft Play Limited (Registered number: 08696645)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 665,725 19,576 - 27,956 713,257
Additions 53,378 466 122,638 - 176,482
At 29 February 2024 719,103 20,042 122,638 27,956 889,739
DEPRECIATION
At 1 March 2023 358,743 14,752 - 20,229 393,724
Charge for year 50,453 1,216 14,048 1,932 67,649
At 29 February 2024 409,196 15,968 14,048 22,161 461,373
NET BOOK VALUE
At 29 February 2024 309,907 4,074 108,590 5,795 428,366
At 28 February 2023 306,982 4,824 - 7,727 319,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by group undertakings 400,180 162,236
Other debtors 87,996 77,484
488,176 239,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 24,264 -
Trade creditors 31,731 47,994
Amounts owed to group undertakings 320,742 -
Taxation and social security 123,277 108,033
Other creditors 147,641 435,509
647,655 591,536

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 70,128 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B Share £1 1 1
1 Ordinary C Share £1 1 1
102 102

Cardiff Soft Play Limited (Registered number: 08696645)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. RESERVES
Retained
earnings
£   

At 1 March 2023 123,842
Profit for the year 246,392
At 29 February 2024 370,234