1 April 2023 false No description of principal activity Taxfiler 2024.6.1 07848063business:PrivateLimitedCompanyLtd2023-04-012024-03-31 078480632023-03-31 078480632023-04-012024-03-31 07848063business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 07848063business:FilletedAccounts2023-04-012024-03-31 078480632024-03-31 07848063business:Director12023-04-012024-03-31 07848063business:RegisteredOffice2023-04-012024-03-31 078480632023-03-31 07848063core:WithinOneYear2024-03-31 07848063core:WithinOneYear2023-03-31 07848063core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 07848063core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07848063core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 07848063core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07848063core:PreviouslyStatedAmount2024-03-31 07848063core:PreviouslyStatedAmount2023-03-31 07848063business:SmallEntities2023-04-012024-03-31 07848063countries:EnglandWales2023-04-012024-03-31 07848063core:ComputerEquipment2023-04-012024-03-31 07848063core:ComputerEquipment2023-03-31 07848063core:ComputerEquipment2024-03-31 078480632022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07848063 (England and Wales)
Play Function Studio Ltd Unaudited accounts for the year ended 31 March 2024
Play Function Studio Ltd Unaudited accounts Contents
Page
- 2 -
Play Function Studio Ltd Company Information for the year ended 31 March 2024
Director
D McGuinness
Company Number
07848063 (England and Wales)
Registered Office
1 Rodborough Avenue Stroud Gloucestershire GL5 3RR
Accountants
R M Accountancy Services Ltd The Old Post Office 137-139 Long Street Dordon Staffordshire B78 1SH
- 3 -
Play Function Studio Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
654 
1,957 
Current assets
Debtors
14,310 
24,003 
Cash at bank and in hand
6,179 
2,097 
20,489 
26,100 
Creditors: amounts falling due within one year
(15,642)
(17,883)
Net current assets
4,847 
8,217 
Net assets
5,501 
10,174 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,401 
10,074 
Shareholders' funds
5,501 
10,174 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 December 2024 and were signed on its behalf by
D McGuinness Director Company Registration No. 07848063
- 4 -
Play Function Studio Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Play Function Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 07848063. The registered office is 1 Rodborough Avenue, Stroud, Gloucestershire, GL5 3RR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 Years straight line
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
6,938 
Additions
982 
At 31 March 2024
7,920 
Depreciation
At 1 April 2023
4,981 
Charge for the year
2,285 
At 31 March 2024
7,266 
Net book value
At 31 March 2024
654 
At 31 March 2023
1,957 
- 5 -
Play Function Studio Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,310 
24,003 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,652 
2,740 
Trade creditors
52 
765 
Taxes and social security
10,989 
17,049 
Loans from directors
(3,051)
(2,671)
15,642 
17,883 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -