Company registration number NI059310 (Northern Ireland)
PLAYTIME NI LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PLAYTIME NI LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PLAYTIME NI LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,639
21,123
Current assets
Stocks
8,240
7,350
Debtors
4
13,437
12,998
Cash at bank and in hand
231,744
306,766
253,421
327,114
Creditors: amounts falling due within one year
5
(44,642)
(81,599)
Net current assets
208,779
245,515
Net assets
225,418
266,638
Capital and reserves
Called up share capital
560
560
Capital redemption reserve
812
812
Profit and loss reserves
224,046
265,266
Total equity
225,418
266,638
PLAYTIME NI LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

 

For the year ending 31st March 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 of its financial statements for the year in question in accordance with section 476.

Directors' responsibilities:

 

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 June 2025 and are signed on its behalf by:
Mr R McKinney
Ms W McKinney
Director
Director
Company registration number NI059310 (Northern Ireland)
PLAYTIME NI LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Playtime NI Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office is c/o Peter Pan's Neverland, Unit 4 Meadows Retail Park, 72 Meadow Lane, Portadown, Armagh, BT62 3NJ.

 

The principal activity of the company during the year was the provision of play facilities for children.

1.1
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”).

 

The financial statements have been prepared on a historical cost basis.

 

The financial statements are prepared in Sterling, which is the functional currency of the entity and is rounded to the nearest £1.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Tangible fixed assets

All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life that asset as follows:

Leasehold land and buildings
10% straight line
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
33% straight line
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in brining the stock to its present location and condition.

 

 

1.5
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. an equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.6
Taxation

Corporation tax is recognised on taxable profit for the current and past periods. Corporation tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

PLAYTIME NI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies (Continued)
- 4 -
1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases
As lessee

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
27
24
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
121,316
358,739
480,055
Additions
-
0
2,584
2,584
At 31 March 2025
121,316
361,323
482,639
Depreciation and impairment
At 1 April 2024
121,316
337,616
458,932
Depreciation charged in the year
-
0
7,068
7,068
At 31 March 2025
121,316
344,684
466,000
Carrying amount
At 31 March 2025
-
0
16,639
16,639
At 31 March 2024
-
0
21,123
21,123
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
13,437
12,998
PLAYTIME NI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
15,599
30,220
Corporation tax
3,517
7,950
Other taxation and social security
23,353
41,652
Other creditors
2,173
1,777
44,642
81,599
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