Company registration number 14307694 (England and Wales)
PI PLAY LIMITED
Unaudited financial statements
For the year ended 30 September 2024
PI PLAY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PI PLAY LIMITED
BALANCE SHEET
As at 30 September 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
1,044,804
1,038,546
Cash at bank and in hand
94,946
84,653
1,139,750
1,123,199
Creditors: amounts falling due within one year
5
(1,139,650)
(1,123,099)
Net current assets
100
100
Capital and reserves
-
Called up share capital
100
100
The notes on pages 2 to 3 form part of these financial statements.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 2 December 2024
S M Friend
Director
Company Registration No. 14307694
PI PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 September 2024
- 2 -
1
Accounting policies
Company information
Pi Play Limited is a private company limited by shares incorporated in England and Wales. The registered office is Eleven Brindleyplace, 2 Brunswick Square, Birmingham, B1 2LP.
1.1
Accounting convention
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.
The principal accounting policies adopted are set out below.
1.2
Turnover
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.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Change in accounting policy
A prior period adjustment was made increasing turnover and increasing cost of sales. The adjustment had no overall effect of the result in the prior period of the Company.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
9
6
PI PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 30 September 2024
- 3 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
217,747
456,885
Corporation tax recoverable
337,065
332,591
Other debtors
489,992
249,070
1,044,804
1,038,546
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
88,101
352,340
Taxation and social security
20,785
37,874
Other creditors
1,030,764
732,885
1,139,650
1,123,099