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Registered number: 12709112
Commercial Play Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Kent Coast Accounts Ltd
AAT Licenced Accountants
Marlowe Innovation Centre
Marlowe Way
Ramsgate
Kent
CT12 6FA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12709112
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,351 21,429
34,351 21,429
CURRENT ASSETS
Stocks 5 31,852 51,144
Debtors 6 154,613 171,504
Cash at bank and in hand 20,062 57,200
206,527 279,848
Creditors: Amounts Falling Due Within One Year 7 (290,794 ) (134,805 )
NET CURRENT ASSETS (LIABILITIES) (84,267 ) 145,043
TOTAL ASSETS LESS CURRENT LIABILITIES (49,916 ) 166,472
Creditors: Amounts Falling Due After More Than One Year 8 (219,488 ) (119,125 )
NET (LIABILITIES)/ASSETS (269,404 ) 47,347
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (269,504 ) 47,247
SHAREHOLDERS' FUNDS (269,404) 47,347
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For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian John Westlake
Director
29th April 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Commercial Play Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12709112 . The registered office is 29 Hockers Lane, Detling, Maidstone, Kent, ME14 3JN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis, as the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale and installation of goods and from the rendering of related services.
Sale and Installation of Goods
Revenue from the sale and installation of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer. This typically occurs at the point of installation, when the outdoor play equipment is delivered and installed at the customer’s site.
Deposits received in advance of installation represent part payment for future performance obligations and are recorded as liabilities within the balance sheet under accrued income and prepayments. These deposits are subsequently released to revenue when the installation is undertaken.
Rendering of Services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract, provided that the outcome of the contract can be reliably estimated. Where the outcome cannot be reliably estimated, revenue is recognised only to the extent that recoverable costs incurred are expected to be recoverable.
Job Cancellations
Where a customer cancels a contract prior to work being undertaken, any deposit received is refunded and no revenue is recognised.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5 years, straight line
Motor Vehicles 25% reducing balance,
Computer Equipment 5 years, straight line
Assets that are expected to have no residual value after their first year of use are fully depreciated in the year of acquisition.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 1,408 17,699 3,152 22,259
Additions 881 18,679 1,464 21,024
As at 31 July 2024 2,289 36,378 4,616 43,283
Depreciation
As at 1 August 2023 235 48 547 830
Provided during the period 303 7,030 769 8,102
As at 31 July 2024 538 7,078 1,316 8,932
Net Book Value
As at 31 July 2024 1,751 29,300 3,300 34,351
As at 1 August 2023 1,173 17,651 2,605 21,429
5. Stocks
2024 2023
£ £
Materials 31,852 42,644
Work in progress - 8,500
31,852 51,144
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 64,494 160,210
Prepayments and accrued income 69,071 7,632
Other debtors 20,948 391
Corporation tax recoverable assets - 3,171
Called up share capital not paid 100 100
154,613 171,504
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,945 2,454
Trade creditors 77,783 84,807
Bank loans and overdrafts 51,770 -
Other taxes and social security 8,945 -
VAT 29,385 46,127
Other creditors 110,973 257
Accruals and deferred income 4,993 1,160
290,794 134,805
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,726 15,245
Bank loans 92,730 -
Directors loan account 102,032 103,880
219,488 119,125
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,945 2,454
Later than one year and not later than five years 24,726 15,245
31,671 17,699
31,671 17,699
10. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
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11. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 650 7,800
650 7,800
13. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of 2024 - £418 (2023 - £257) were due to the fund. They are included in Other Creditors.
14. Ultimate Controlling Party Not Known
The company's ultimate controlling party is unknown.
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