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REGISTERED NUMBER: SC301254 (Scotland)




















Inclusive Play (UK) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






Inclusive Play (UK) Limited (Registered number: SC301254)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inclusive Play (UK) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr P Hoenigmann
Mrs M Moreland



SECRETARY: Whitelaw Wells



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC301254 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: The Clydesdale Bank PLC
(trading as Virgin Money)
83 George Street
Edinburgh
EH2 3ES

Inclusive Play (UK) Limited (Registered number: SC301254)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 64,502 44,425
Tangible assets 5 79,745 99,338
Investments 6 475 475
144,722 144,238

CURRENT ASSETS
Stocks 77,545 95,887
Debtors 7 180,438 214,958
Cash at bank 188,018 141,182
446,001 452,027
CREDITORS
Amounts falling due within one year 8 138,661 173,959
NET CURRENT ASSETS 307,340 278,068
TOTAL ASSETS LESS CURRENT LIABILITIES 452,062 422,306

CREDITORS
Amounts falling due after more than one
year

9

(35,392

)

(60,899

)

PROVISIONS FOR LIABILITIES (28,786 ) (24,745 )
NET ASSETS 387,884 336,662

Inclusive Play (UK) Limited (Registered number: SC301254)

Balance Sheet - continued
31 December 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 377,884 326,662
SHAREHOLDERS' FUNDS 387,884 336,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:





Mr P Hoenigmann - Director


Inclusive Play (UK) Limited (Registered number: SC301254)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Inclusive Play (UK) Limited 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 and revenue recognition
Turnover represents the invoiced sale of recreational play park equipment, excluding value added tax.

Revenue is recognised on delivery of the recreational play park equipment.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks and development costs, being the amounts paid in connection with the research of new products, are being amortised over their estimated useful life of 9 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 20% on cost and 10% on cost

Investments in subsidiaries
Investments in shares of subsidiary undertakings are recognised at cost.

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture / completion.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.


Inclusive Play (UK) Limited (Registered number: SC301254)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 year 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Inclusive Play (UK) Limited (Registered number: SC301254)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 188,281
Additions 28,017
At 31 December 2024 216,298
AMORTISATION
At 1 January 2024 143,856
Charge for year 7,940
At 31 December 2024 151,796
NET BOOK VALUE
At 31 December 2024 64,502
At 31 December 2023 44,425

Inclusive Play (UK) Limited (Registered number: SC301254)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 127,643
Additions 9,991
Disposals (11,595 )
At 31 December 2024 126,039
DEPRECIATION
At 1 January 2024 28,305
Charge for year 26,473
Eliminated on disposal (8,484 )
At 31 December 2024 46,294
NET BOOK VALUE
At 31 December 2024 79,745
At 31 December 2023 99,338

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 87,825
DEPRECIATION
At 1 January 2024 12,087
Charge for year 21,957
At 31 December 2024 34,044
NET BOOK VALUE
At 31 December 2024 53,781
At 31 December 2023 75,738

Inclusive Play (UK) Limited (Registered number: SC301254)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2024
and 31 December 2024 475
NET BOOK VALUE
At 31 December 2024 475
At 31 December 2023 475

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,521 134,617
Amounts owed by group undertakings - 7,526
Amounts owed by related undertakings 114 -
Other debtors 63,803 72,815
180,438 214,958

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 10) 15,507 15,507
Trade creditors 50,226 102,225
Amounts owed to group undertakings 2,474 -
Taxation and social security 38,597 15,453
Other creditors 21,857 30,774
138,661 173,959

Included in Other creditors is:

- £NIL (2023 - £4,550) owed to Jupiter Play & Leisure Ltd., a company that was related in prior years. This balance is being repaid at 60 instalments of £650 per month from August 2019.

Inclusive Play (UK) Limited (Registered number: SC301254)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,167 14,167
Hire purchase contracts (see note 10) 31,225 46,732
35,392 60,899

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 15,507 15,507
Between one and five years 31,225 46,732
46,732 62,239

Non-cancellable operating leases
2024 2023
£    £   
Within one year 36,000 36,000
Between one and five years 15,000 51,000
51,000 87,000

11. SECURITY

The Clydesdale Bank PLC holds a Floating Charge over the assets of the company.