1 May 2023 false Taxfiler 2024.6 08492141business:PrivateLimitedCompanyLtd2023-05-012024-04-30 084921412023-04-30 084921412023-05-012024-04-30 08492141business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 08492141business:FilletedAccounts2023-05-012024-04-30 084921412024-04-30 08492141business:Director12023-05-012024-04-30 08492141business:Director22023-05-012024-04-30 08492141business:RegisteredOffice2023-05-012024-04-30 084921412023-04-30 08492141core:WithinOneYear2024-04-30 08492141core:WithinOneYear2023-04-30 08492141core:AfterOneYear2024-04-30 08492141core:AfterOneYear2023-04-30 08492141core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 08492141core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 08492141core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 08492141core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 08492141core:PreviouslyStatedAmount2024-04-30 08492141core:PreviouslyStatedAmount2023-04-30 08492141business:SmallEntities2023-05-012024-04-30 08492141countries:EnglandWales2023-05-012024-04-30 08492141core:PlantMachinery2023-05-012024-04-30 08492141core:ComputerEquipment2023-05-012024-04-30 08492141core:Goodwill2023-04-30 08492141core:IntangibleAssetsOtherThanGoodwill2023-04-30 08492141core:Goodwill2024-04-30 08492141core:IntangibleAssetsOtherThanGoodwill2024-04-30 08492141core:PlantMachinery2023-04-30 08492141core:PlantMachinery2024-04-30 08492141business:OrdinaryShareClass12023-05-012024-04-30 08492141business:OrdinaryShareClass12022-05-012023-04-30 084921412022-05-012023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08492141 (England and Wales)
Playforever Toys Limited Unaudited accounts for the year ended 30 April 2024
Playforever Toys Limited Unaudited accounts Contents
Page
- 2 -
Playforever Toys Limited Company Information for the year ended 30 April 2024
Directors
C B Treeby J L Meagher
Company Number
08492141 (England and Wales)
Registered Office
C/o Accountancy Managers Ltd 164 New Cavendish Street London W1W 6YT United Kingdom
- 3 -
Playforever Toys Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
105,937 
82,236 
Current assets
Inventories
889,010 
621,958 
Debtors
75,298 
139,885 
Cash at bank and in hand
277,243 
114,292 
1,241,551 
876,135 
Creditors: amounts falling due within one year
(639,412)
(744,590)
Net current assets
602,139 
131,545 
Total assets less current liabilities
708,076 
213,781 
Creditors: amounts falling due after more than one year
(10,833)
(20,833)
Net assets
697,243 
192,948 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
697,241 
192,946 
Shareholders' funds
697,243 
192,948 
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
J L Meagher Director Company Registration No. 08492141
- 4 -
Playforever Toys Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Playforever Toys Limited is a private company, limited by shares, registered in England and Wales, registration number 08492141. The registered office is C/o Accountancy Managers Ltd, 164 New Cavendish Street, London, W1W 6YT, United Kingdom.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery
25% on cost
Computer equipment
25% on cost
Intangible fixed assets
Intangible fixed assets are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Goodwill Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years. Patents and licences Patents and licences, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
- 5 -
Playforever Toys Limited Notes to the Accounts for the year ended 30 April 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 May 2023
65,361 
24,000 
89,361 
At 30 April 2024
65,361 
24,000 
89,361 
Amortisation
At 1 May 2023
65,361 
24,000 
89,361 
At 30 April 2024
65,361 
24,000 
89,361 
Net book value
At 30 April 2024
- 
- 
- 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
268,028 
Additions
55,385 
At 30 April 2024
323,413 
Depreciation
At 1 May 2023
185,792 
Charge for the year
31,684 
At 30 April 2024
217,476 
Net book value
At 30 April 2024
105,937 
At 30 April 2023
82,236 
- 6 -
Playforever Toys Limited Notes to the Accounts for the year ended 30 April 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
13,230 
20,611 
Trade debtors
42,570 
93,679 
Accrued income and prepayments
4,274 
25,398 
Other debtors
15,224 
197 
75,298 
139,885 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
330,200 
615,063 
Taxes and social security
167,693 
50,990 
Loans from directors
72,147 
61,537 
Accruals
59,372 
7,000 
639,412 
744,590 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,833 
20,833 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Transactions with related parties
Included in other creditors are amounts of £39,982 (2023: £34,677) and £32,165 (2023: £26,860) owed to Mr C B Treeby and Mr J L Meagher respectively. During the period dividends of £nil (2023: £65,716) were paid to the directors.
11
Controlling party
The directors are regarded as controlling party by virtue of acting in respect of operation of the company.
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -