Company registration number 15946817 (England and Wales)
SECOND PLAY LIMITED
Unaudited financial statements
For the period ended 31 March 2025
SECOND PLAY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SECOND PLAY LIMITED
BALANCE SHEET
As at 31 March 2025
- 1 -
2025
Notes
£
£
Current assets
Debtors
3
137,750
Cash at bank and in hand
134,313
272,063
Creditors: amounts falling due within one year
4
(271,963)
Net current assets
100
Capital and reserves
Called up share capital
100
For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 7 May 2025
Mr S M Friend
Director
Company registration number 15946817 (England and Wales)
SECOND PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the period ended 31 March 2025
- 2 -
1
Accounting policies
Company information
Second Play Limited is a private company limited by shares incorporated in England and Wales. The registered office is Eleven Brindleyplace, 2 Brunswick Square, Birmingham, B1 2LP.
1.1
Reporting period
The financial statements are presented for a period shorter than one year as this is the first set of accounts produced by the Company. As such there is no comparable information available.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2025
Number
Total
2
SECOND PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the period ended 31 March 2025
- 3 -
3
Debtors
2025
Amounts falling due within one year:
£
Corporation tax recoverable
130,321
Other debtors
7,429
137,750
4
Creditors: amounts falling due within one year
2025
£
Trade creditors
94,452
Taxation and social security
18,239
Other creditors
159,272
271,963