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REGISTERED NUMBER: 10400317 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

PLAYIN CHOC LIMITED

PLAYIN CHOC LIMITED (REGISTERED NUMBER: 10400317)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLAYIN CHOC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: D Simler
Mrs M Simler
G G Beardwell
C O Melo Guerrero
F B Matthews





REGISTERED OFFICE: Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ





REGISTERED NUMBER: 10400317 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

PLAYIN CHOC LIMITED (REGISTERED NUMBER: 10400317)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 365,442 419,775
Tangible assets 5 103,820 161,194
469,262 580,969

CURRENT ASSETS
Stocks 448,947 329,316
Debtors 6 90,490 104,431
Cash at bank 799 890
540,236 434,637
CREDITORS
Amounts falling due within one year 7 524,818 643,782
NET CURRENT ASSETS/(LIABILITIES) 15,418 (209,145 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,680

371,824

CREDITORS
Amounts falling due after more than one year 8 71,756 116,685
NET ASSETS 412,924 255,139

CAPITAL AND RESERVES
Called up share capital 300,004 300,003
Share premium 2,848,149 2,227,463
Retained earnings (2,735,229 ) (2,272,327 )
412,924 255,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

PLAYIN CHOC LIMITED (REGISTERED NUMBER: 10400317)

BALANCE SHEET - continued
30TH APRIL 2024


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 29th January 2025 and were signed on its behalf by:





D Simler - Director


PLAYIN CHOC LIMITED (REGISTERED NUMBER: 10400317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Playin Choc 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - at variable rates 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.

PLAYIN CHOC LIMITED (REGISTERED NUMBER: 10400317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

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.

Going concern
Although the company reported another loss, this was anticipated as the business is still developing and improving its product and target market. Substantial share capital was raised during the year. Further capital
continues to be raised to cover costs as incurred.

The Directors therefore consider that the company is a going concern and that these accounts are correctly presented on that basis.

Share issue
During the year, funds were received for the issue of equity, but the shares was not issued until after the year end. In accordance with FRS102 section 22.7(b), the company has recognised the corresponding increase in equity to the extent of the consideration received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st May 2023
and 30th April 2024 543,329
AMORTISATION
At 1st May 2023 123,554
Charge for year 54,333
At 30th April 2024 177,887
NET BOOK VALUE
At 30th April 2024 365,442
At 30th April 2023 419,775

PLAYIN CHOC LIMITED (REGISTERED NUMBER: 10400317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023
and 30th April 2024 345,945
DEPRECIATION
At 1st May 2023 184,751
Charge for year 57,374
At 30th April 2024 242,125
NET BOOK VALUE
At 30th April 2024 103,820
At 30th April 2023 161,194

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st May 2023
and 30th April 2024 232,342
DEPRECIATION
At 1st May 2023 113,687
Charge for year 39,888
At 30th April 2024 153,575
NET BOOK VALUE
At 30th April 2024 78,767
At 30th April 2023 118,655

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,328 72,428
Other debtors 59,162 32,003
90,490 104,431

PLAYIN CHOC LIMITED (REGISTERED NUMBER: 10400317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,240 123,806
Hire purchase contracts 40,670 37,836
Trade creditors 140,291 189,350
Taxation and social security 85,352 86,910
Other creditors 214,265 205,880
524,818 643,782

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 61,319 64,454
Hire purchase contracts 10,437 52,231
71,756 116,685

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,094 10,695

9. RELATED PARTY DISCLOSURES

Included within other creditors is are loans from the director totalling £160,490 (2023: £37,266). These loans are interest free and repayable on demand.