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REGISTERED NUMBER: SC771854 (Scotland)















Unaudited Financial Statements

for the Period 7 June 2023 to 30 June 2024

for

Play Away ELC Ltd

Play Away ELC Ltd (Registered number: SC771854)






Contents of the Financial Statements
for the Period 7 June 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Play Away ELC Ltd

Company Information
for the Period 7 June 2023 to 30 June 2024







DIRECTOR: Mrs A Gough





REGISTERED OFFICE: 15 St Leonard Street
Lanark
South Lanarkshire
ML11 7AB





REGISTERED NUMBER: SC771854 (Scotland)





ACCOUNTANTS: ICW Accountancy Ltd
15 St Leonard Street
Lanark
Lanarkshire
ML11 7AB

Play Away ELC Ltd (Registered number: SC771854)

Balance Sheet
30 June 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 3,421

CURRENT ASSETS
Debtors 5 32,671
Cash at bank and in hand 32,299
64,970
CREDITORS
Amounts falling due within one year 6 54,765
NET CURRENT ASSETS 10,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,626

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 13,526
13,626

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 4 March 2025 and were signed by:





Mrs A Gough - Director


Play Away ELC Ltd (Registered number: SC771854)

Notes to the Financial Statements
for the Period 7 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

Play Away ELC Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 15% Reducing Balance
Computer Equipment - 33% Straight Line

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 .

Play Away ELC Ltd (Registered number: SC771854)

Notes to the Financial Statements - continued
for the Period 7 June 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,818
At 30 June 2024 3,818
DEPRECIATION
Charge for period 397
At 30 June 2024 397
NET BOOK VALUE
At 30 June 2024 3,421

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 17,208
Other debtors 15,463
32,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,617
Taxation and social security 8,617
Other creditors 44,531
54,765

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2024:

£   
Mrs A Gough
Balance outstanding at start of period -
Amounts advanced 30,114
Amounts repaid (20,117 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 9,997

The company has extended a loan to the Director, Mrs A Gough. The balance outstanding is £9,997. There are no set repayment terms and there is no interest accrued on the balance. The maximum outstanding at any time throughout the year was £9,997.