1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 3,738,075 3,738,075 749,115 749,115 2,988,960 5,096 2,947 2,149 5,096 2,149 67,075 46,667 20,408 20,408 67,075 xbrli:pure xbrli:shares iso4217:GBP 03364451 2023-10-01 2024-09-30 03364451 2024-09-30 03364451 2023-09-30 03364451 2022-10-01 2023-09-30 03364451 2023-09-30 03364451 2022-09-30 03364451 core:PatentsTrademarksLicencesConcessionsSimilar 2023-10-01 2024-09-30 03364451 bus:Director1 2023-10-01 2024-09-30 03364451 core:PatentsTrademarksLicencesConcessionsSimilar 2024-09-30 03364451 core:AfterOneYear 2024-09-30 03364451 core:AfterOneYear 2023-09-30 03364451 core:WithinOneYear 2024-09-30 03364451 core:WithinOneYear 2023-09-30 03364451 core:ShareCapital 2024-09-30 03364451 core:ShareCapital 2023-09-30 03364451 core:SharePremium 2024-09-30 03364451 core:SharePremium 2023-09-30 03364451 core:OtherReservesSubtotal 2024-09-30 03364451 core:OtherReservesSubtotal 2023-09-30 03364451 core:RetainedEarningsAccumulatedLosses 2024-09-30 03364451 core:RetainedEarningsAccumulatedLosses 2023-09-30 03364451 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 03364451 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-09-30 03364451 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 03364451 core:Non-currentFinancialInstruments 2024-09-30 03364451 core:Non-currentFinancialInstruments 2023-09-30 03364451 bus:SmallEntities 2023-10-01 2024-09-30 03364451 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03364451 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03364451 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03364451 bus:FullAccounts 2023-10-01 2024-09-30 03364451 core:ComputerEquipment 2023-10-01 2024-09-30 03364451 core:ComputerEquipment 2024-09-30 03364451 core:ComputerEquipment 2023-09-30 03364451 core:AfterOneYear 2023-10-01 2024-09-30 03364451 bus:Director1 1 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 03364451
Playjam Ltd
Filleted Unaudited Financial Statements
30 September 2024
Playjam Ltd
Financial Statements
Year ended 30 September 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Playjam Ltd
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
2,988,960
Tangible assets
6
2,149
Investments
7
20,408
67,075
------------
--------
3,009,368
69,224
Current assets
Debtors
8
2,084,047
4,395,439
Cash at bank and in hand
21,475
101,355
------------
------------
2,105,522
4,496,794
Creditors: amounts falling due within one year
9
966,072
780,876
------------
------------
Net current assets
1,139,450
3,715,918
------------
------------
Total assets less current liabilities
4,148,818
3,785,142
Creditors: amounts falling due after more than one year
10
18,702,756
18,713,405
-------------
-------------
Net liabilities
( 14,553,938)
( 14,928,263)
-------------
-------------
Capital and reserves
Called up share capital
25,867
25,867
Share premium account
22,753,426
22,753,426
Other reserves
4,770,507
4,770,507
Profit and loss account
( 42,103,738)
( 42,478,063)
-------------
-------------
Shareholders deficit
( 14,553,938)
( 14,928,263)
-------------
-------------
These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Playjam Ltd
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 9 June 2025 , and are signed on behalf of the board by:
Mr J D C Smith
Director
Company registration number: 03364451
Playjam Ltd
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Aberdeen House, South Road, Haywards Heath, RH16 4NG, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors will continue to support the company and believe that the company will generate a profit in future periods therefore the accounts have been prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents, trademarks and licences
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Intangible assets
Patents, trademarks and licences
£
Cost
Additions
3,738,075
------------
At 30 September 2024
3,738,075
------------
Amortisation
Charge for the year
749,115
------------
At 30 September 2024
749,115
------------
Carrying amount
At 30 September 2024
2,988,960
------------
At 30 September 2023
------------
6. Tangible assets
Computer equipment
£
Cost
At 1 October 2023 and 30 September 2024
5,096
-------
Depreciation
At 1 October 2023
2,947
Charge for the year
2,149
-------
At 30 September 2024
5,096
-------
Carrying amount
At 30 September 2024
-------
At 30 September 2023
2,149
-------
7. Investments
Other investments other than loans
£
Cost
At 1 October 2023
67,075
Disposals
( 46,667)
--------
At 30 September 2024
20,408
--------
Impairment
At 1 October 2023 and 30 September 2024
--------
Carrying amount
At 30 September 2024
20,408
--------
At 30 September 2023
67,075
--------
8. Debtors
2024
2023
£
£
Trade debtors
633,738
948,579
Amounts owed by group undertakings and undertakings in which the company has a participating interest
785,350
16,660
Other debtors
664,959
3,430,200
------------
------------
2,084,047
4,395,439
------------
------------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
269,368
184,552
Social security and other taxes
443,683
345,953
Other creditors
253,021
250,371
---------
---------
966,072
780,876
---------
---------
Overdrafts and loans are secured by a way of a floating charge against the assets and undertakings of the company.
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
17,954
28,603
Amounts owed to group undertakings and undertakings in which the company has a participating interest
18,684,802
18,684,802
-------------
-------------
18,702,756
18,713,405
-------------
-------------
Overdrafts and loans are secured by a way of a floating charge against the assets and undertakings of the company.
11. Related party transactions
At the year end the directors owed the company £44,744 (2023: the company owed the directors £400). During the year aggregate advances of £170,144 were made by the directors and aggregate repayments of £125,000 were made by the directors. Interest of £NIL was charged on the outstanding balance.
12. Controlling party
The ultimate controlling party is Playjam Holdings Ltd . The registered address of the ultimate parent company is Aberdeen House, South Road, Haywards Heath, England, RH16 4NG .