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Company Registration No. 12979660 (England and Wales)
Playwind Ltd Unaudited accounts for the year ended 31 October 2024
Playwind Ltd Unaudited accounts Contents
Page
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Playwind Ltd Company Information for the year ended 31 October 2024
Directors
Wenhua Tang Jui Kwang Jason NG
Company Number
12979660 (England and Wales)
Registered Office
24 Southwark Street Suite 1-3 Hop Exchange London SE1 1TY United Kingdom
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Playwind Ltd Accountants' report
Accountants' report to the board of directors of Playwind Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Playwind Ltd for the year ended 31 October 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Playwind Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Playwind Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Playwind Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Playwind Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Playwind Ltd. You consider that Playwind Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Playwind Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 28 March 2025
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Playwind Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
335,812 
186,967 
Tangible assets
3,136 
4,294 
338,948 
191,261 
Current assets
Debtors
19,674 
23,324 
Cash at bank and in hand
1,793,545 
2,729,198 
1,813,219 
2,752,522 
Creditors: amounts falling due within one year
(16,421)
(28,499)
Net current assets
1,796,798 
2,724,023 
Net assets
2,135,746 
2,915,284 
Capital and reserves
Called up share capital
1 
1 
Share premium
3,058,446 
3,058,446 
Profit and loss account
(922,701)
(143,163)
Shareholders' funds
2,135,746 
2,915,284 
For the year ending 31 October 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 28 March 2025 and were signed on its behalf by
Wenhua Tang Director Company Registration No. 12979660
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Playwind Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Playwind Ltd is a private company, limited by shares, registered in England and Wales, registration number 12979660. The registered office is 24 Southwark Street, Suite 1-3 Hop Exchange, London, SE1 1TY, 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line basis
Computer equipment
25% straight line basis
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Playwind Ltd Notes to the Accounts for the year ended 31 October 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2023
198,549 
Additions
187,444 
At 31 October 2024
385,993 
Amortisation
At 1 November 2023
11,582 
Charge for the year
38,599 
At 31 October 2024
50,181 
Net book value
At 31 October 2024
335,812 
At 31 October 2023
186,967 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
1,858 
4,125 
5,983 
Additions
- 
753 
753 
Disposals
- 
(878)
(878)
At 31 October 2024
1,858 
4,000 
5,858 
Depreciation
At 1 November 2023
619 
1,070 
1,689 
Charge for the year
464 
569 
1,033 
At 31 October 2024
1,083 
1,639 
2,722 
Net book value
At 31 October 2024
775 
2,361 
3,136 
At 31 October 2023
1,239 
3,055 
4,294 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,978 
5,622 
Trade debtors
15,502 
724 
Accrued income and prepayments
- 
3,691 
Other debtors
2,194 
- 
19,674 
10,037 
Amounts falling due after more than one year
Other debtors
- 
13,287 
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Playwind Ltd Notes to the Accounts for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
9,762 
11,789 
Taxes and social security
16,411 
15,671 
Other creditors
- 
906 
Loans from directors
(9,752)
133 
16,421 
28,499 
8
Average number of employees
During the year the average number of employees was 11 (2023: 16).
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