Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-282024-05-28false2023-05-29falseThe principal activity of the company during the year was the operation of a childrens soft-play centre.1617falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05524574 2023-05-29 2024-05-28 05524574 2022-05-29 2023-05-28 05524574 2024-05-28 05524574 2023-05-28 05524574 c:CompanySecretary1 2023-05-29 2024-05-28 05524574 c:Director1 2023-05-29 2024-05-28 05524574 c:Director2 2023-05-29 2024-05-28 05524574 c:RegisteredOffice 2023-05-29 2024-05-28 05524574 d:Buildings 2023-05-29 2024-05-28 05524574 d:PlantMachinery 2023-05-29 2024-05-28 05524574 d:PlantMachinery 2024-05-28 05524574 d:PlantMachinery 2023-05-28 05524574 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-29 2024-05-28 05524574 d:FurnitureFittings 2023-05-29 2024-05-28 05524574 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-28 05524574 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-28 05524574 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-28 05524574 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-28 05524574 d:ShareCapital 2024-05-28 05524574 d:ShareCapital 2023-05-28 05524574 d:RetainedEarningsAccumulatedLosses 2024-05-28 05524574 d:RetainedEarningsAccumulatedLosses 2023-05-28 05524574 c:FRS102 2023-05-29 2024-05-28 05524574 c:AuditExempt-NoAccountantsReport 2023-05-29 2024-05-28 05524574 c:AbridgedAccounts 2023-05-29 2024-05-28 05524574 c:PrivateLimitedCompanyLtd 2023-05-29 2024-05-28 05524574 2 2023-05-29 2024-05-28 05524574 e:PoundSterling 2023-05-29 2024-05-28 iso4217:GBP xbrli:pure

Registered number: 05524574









FUN4ALL (PLAY CENTRES) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 MAY 2024

 
FUN4ALL (PLAY CENTRES) LTD
 

CONTENTS



Page
Company Information
 
1
Statement of Financial Position
 
2 - 3
Notes to the Financial Statements
 
4 - 9


 
FUN4ALL (PLAY CENTRES) LTD
 
 
COMPANY INFORMATION


Directors
R P Gardner 
D J Gardner 




Company secretary
D J Gardner



Registered number
05524574



Registered office
7-8 Queens Avenue
Hurdsfield Industrial Estate

Macclesfield

Cheshire

SK10 2DG




Page 1

 
FUN4ALL (PLAY CENTRES) LTD
REGISTERED NUMBER: 05524574

STATEMENT OF FINANCIAL POSITION
AS AT 28 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
29,823
6,465

  
29,823
6,465

Current assets
  

Stocks
  
1,751
1,483

Debtors
  
43,824
149,312

Cash at bank and in hand
  
27,042
87,904

  
72,617
238,699

Creditors: amounts falling due within one year
  
(78,507)
(116,836)

Net current (liabilities)/assets
  
 
 
(5,890)
 
 
121,863

Total assets less current liabilities
  
23,933
128,328

Creditors: amounts falling due after more than one year
  
(29,013)
(40,244)

Provisions for liabilities
  
(6,471)
(418)

Net (liabilities)/assets
  
(11,551)
87,666


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(11,651)
87,566

  
(11,551)
87,666


Page 2

 
FUN4ALL (PLAY CENTRES) LTD
REGISTERED NUMBER: 05524574
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R P Gardner
Director

Date: 13 February 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
FUN4ALL (PLAY CENTRES) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MAY 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales (company registration number 05524574). The address of the registered office is 7-8 Queens Avenue, Hurdsfield Industrial Estate, Macclesfield, Cheshire, SK10 2DG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the year end there was a deficit on the balance sheet of £11,551. This is due to intercompany loans due from fellow subsidiaries being written off in the period, as they have ceased to trade. The directors consider the company to be a going concern and the accounts have been prepared on this basis the directors are the shareholders of the ultimate parent company which offers its continued support for the foreseeable future.

 
2.3

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefit will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
FUN4ALL (PLAY CENTRES) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MAY 2024

2.Accounting policies (continued)

 
2.6

Employee benefits

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 5

 
FUN4ALL (PLAY CENTRES) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MAY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Building alterations
-
10%
straight line
Plant and machinery
-
10%
straight line
Fixtures and fittings
-
10%
-33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
FUN4ALL (PLAY CENTRES) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MAY 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

  
2.14

Judgements and key sources of estimate uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Significant judgements
Management do not feel that there are any judgements (apart from those involving estimations) that have been made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
Estimated useful life and residual value of fixed assets
Depreciation of tangible fixed assets have been based on the estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives and residual values, as evidenced by disposals during the current and prior accounting periods.
Impairment of debtors
The company makes an estimate of the recoverable value of trade debtors.  When assessing the impairment of trade debtors, management include factors including the current credit rating of the debtor, the ageing profile of the debtors and historical experience.

  
2.15

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax from the proceeds.

Page 7

 
FUN4ALL (PLAY CENTRES) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MAY 2024

2.Accounting policies (continued)

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 17).


4.


Tangible fixed assets





Tangible fixed assets

£



Cost or valuation


At 29 May 2023
285,923


Additions
26,088



At 28 May 2024

312,011



Depreciation


At 29 May 2023
279,458


Charge for the year on owned assets
2,730



At 28 May 2024

282,188



Net book value



At 28 May 2024
29,823



At 28 May 2023
6,465


5.


Debtors

Debtors include amounts of £nil (2023:  £111,421) falling due after more than one year.


6.


Related party transactions

At the period end £6,824 (2023: £92,443 owed from fellow subsidiaries) was owed to fellow subsidiaries.

Page 8

 
FUN4ALL (PLAY CENTRES) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MAY 2024

7.


Controlling party

The ultimate parent company is Fun4All (Holdings) Limited, a company registered in England and Wales. The company is under the control of the directors who are also the shareholders.
 
Page 9