Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-3124false2023-08-01No description of principal activity31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08155054 2023-08-01 2024-07-31 08155054 2024-07-31 08155054 2022-08-01 2023-07-31 08155054 2023-07-31 08155054 c:Director1 2023-08-01 2024-07-31 08155054 d:Buildings d:LongLeaseholdAssets 2023-08-01 2024-07-31 08155054 d:Buildings d:LongLeaseholdAssets 2024-07-31 08155054 d:Buildings d:LongLeaseholdAssets 2023-07-31 08155054 d:PlantMachinery 2023-08-01 2024-07-31 08155054 d:PlantMachinery 2024-07-31 08155054 d:PlantMachinery 2023-07-31 08155054 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08155054 d:MotorVehicles 2023-08-01 2024-07-31 08155054 d:MotorVehicles 2024-07-31 08155054 d:MotorVehicles 2023-07-31 08155054 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08155054 d:FurnitureFittings 2023-08-01 2024-07-31 08155054 d:FurnitureFittings 2024-07-31 08155054 d:FurnitureFittings 2023-07-31 08155054 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08155054 d:ComputerEquipment 2023-08-01 2024-07-31 08155054 d:ComputerEquipment 2024-07-31 08155054 d:ComputerEquipment 2023-07-31 08155054 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08155054 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08155054 d:Goodwill 2023-08-01 2024-07-31 08155054 d:Goodwill 2024-07-31 08155054 d:Goodwill 2023-07-31 08155054 d:CurrentFinancialInstruments 2024-07-31 08155054 d:CurrentFinancialInstruments 2023-07-31 08155054 d:Non-currentFinancialInstruments 2024-07-31 08155054 d:Non-currentFinancialInstruments 2023-07-31 08155054 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 08155054 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08155054 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 08155054 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 08155054 d:ShareCapital 2024-07-31 08155054 d:ShareCapital 2023-07-31 08155054 d:RetainedEarningsAccumulatedLosses 2024-07-31 08155054 d:RetainedEarningsAccumulatedLosses 2023-07-31 08155054 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-08-01 2024-07-31 08155054 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-07-31 08155054 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-07-31 08155054 c:FRS102 2023-08-01 2024-07-31 08155054 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08155054 c:FullAccounts 2023-08-01 2024-07-31 08155054 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08155054 d:WithinOneYear 2024-07-31 08155054 d:WithinOneYear 2023-07-31 08155054 d:BetweenOneFiveYears 2024-07-31 08155054 d:BetweenOneFiveYears 2023-07-31 08155054 d:MoreThanFiveYears 2024-07-31 08155054 d:MoreThanFiveYears 2023-07-31 08155054 2 2023-08-01 2024-07-31 08155054 6 2023-08-01 2024-07-31 08155054 d:Goodwill d:OwnedIntangibleAssets 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Company registration number: 08155054







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024


SILVERPLAY LIMITED






































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SILVERPLAY LIMITED
REGISTERED NUMBER:08155054



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
9,000

Tangible assets
 5 
1,502,685
1,191,798

Fixed asset investments
  
39,975
12,500

  
1,542,660
1,213,298

Current assets
  

Debtors: amounts falling due within one year
 7 
147,203
133,872

Cash at bank and in hand
  
744,279
697,326

  
891,482
831,198

Creditors: amounts falling due within one year
 8 
(539,685)
(554,969)

Net current assets
  
 
 
351,797
 
 
276,229

Total assets less current liabilities
  
1,894,457
1,489,527

Creditors: amounts falling due after more than one year
 9 
(140,306)
(142,649)

Provisions for liabilities
  

Deferred tax
  
(340,093)
(274,506)

Other provisions
 10 
(29,063)
(21,563)

  
 
 
(369,156)
 
 
(296,069)

Net assets
  
1,384,995
1,050,809

Page 1

 


SILVERPLAY LIMITED
REGISTERED NUMBER:08155054


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,384,993
1,050,807

  
1,384,995
1,050,809


The director considers 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 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 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 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: 




................................................
S Booth
Director

Date: 11 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Silverplay Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business is 50 King Street, Twickenham, TW1 3SH. 
The company's functional and presentational currency is GBP. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

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.

Page 3

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

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.

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:

Long-term leasehold property
-
10 years, the remaining term of the lease.
Plant and machinery
-
6 years
Motor vehicles
-
Fixtures and fittings
-
5 years
Computer equipment
-
6 years

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.

 
2.8

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

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 31 (2023 - 24).

Page 5

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
90,000



At 31 July 2024

90,000



Amortisation


At 1 August 2023
81,000


Charge for the year on owned assets
9,000



At 31 July 2024

90,000



Net book value



At 31 July 2024
-



At 31 July 2023
9,000



Page 6

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





Leasehold property improvements
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 August 2023
184,970
1,435,121
-
123,106
20,330
1,763,527


Additions
118,112
487,745
3,750
62,501
2,446
674,554


Disposals
(1,020)
(20,498)
-
(47)
-
(21,565)



At 31 July 2024

302,062
1,902,368
3,750
185,560
22,776
2,416,516



Depreciation


At 1 August 2023
63,852
420,581
-
78,193
9,103
571,729


Charge for the year on owned assets
51,997
269,460
625
26,324
3,243
351,649


Disposals
(204)
(9,343)
-
-
-
(9,547)



At 31 July 2024

115,645
680,698
625
104,517
12,346
913,831



Net book value



At 31 July 2024
186,417
1,221,670
3,125
81,043
10,430
1,502,685



At 31 July 2023
121,118
1,014,540
-
44,913
11,227
1,191,798


6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 August 2023
12,500


Additions
27,475



At 31 July 2024
39,975




Page 7

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Debtors

2024
2023
£
£


Trade debtors
3,371
7,950

Other debtors
65,525
91,501

Prepayments and accrued income
78,307
34,421

147,203
133,872



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
98,758
233,870

Corporation tax
111,179
84,944

Other taxation and social security
23,212
8,824

Obligations under finance lease and hire purchase contracts
165,489
133,090

Other creditors
122,751
75,661

Accruals and deferred income
18,296
18,580

539,685
554,969



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
127,879
142,649

Accruals and deferred income
12,427
-

140,306
142,649



10.


Provisions





Dilapidation provision

£





At 1 August 2023
21,563


Charged to profit or loss
7,500



At 31 July 2024
29,063

Page 8

 


SILVERPLAY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

11.


Commitments under operating leases

At 31 July 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
148,440
142,764

Later than 1 year and not later than 5 years
361,583
481,711

Later than 5 years
142,079
172,579

652,102
797,054


12.


Related party transactions

During the year the following transactions with a director took place:


Brought forward
Advance / credit
Repaid
Carried forward
£
£
£
£

Directors current account
41,440
-
(41,440)
-
41,440
-
(41,440)
-

No interest was paid on the directors loan.

 
Page 9