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REGISTERED NUMBER: 01041364 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SPI GLOBAL PLAY LIMITED

SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPI GLOBAL PLAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: J Wettergren
P K Boyes



REGISTERED OFFICE: Unit C Spectrum Business Park
Bridge Road South
Wrexham Industrial Estate
Wrexham
LL13 9QA



REGISTERED NUMBER: 01041364 (England and Wales)



AUDITORS: M. D. Coxey and Co. Limited
Chartered Accountants
and Statutory Auditors
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Barclays Bank plc
Leicester Servicing Centre
Leicester
Leicestershire
LE87 2BB

SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364)

BALANCE SHEET
31ST DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 129,620 171,629

CURRENT ASSETS
Stocks 5 821,669 634,416
Debtors 6 3,496,759 968,086
Cash at bank and in hand 540,716 617,685
4,859,144 2,220,187
CREDITORS
Amounts falling due within one year 7 3,518,275 1,852,229
NET CURRENT ASSETS 1,340,869 367,958
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,470,489

539,587

CREDITORS
Amounts falling due after more than one
year

8

(178,583

)

(294,783

)

PROVISIONS FOR LIABILITIES 10 (21,947 ) (30,231 )
NET ASSETS 1,269,959 214,573

CAPITAL AND RESERVES
Called up share capital 11 200 200
Share premium 69,107 69,107
Capital redemption reserve 230,000 230,000
Retained earnings 970,652 (84,734 )
SHAREHOLDERS' FUNDS 1,269,959 214,573

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th June 2025 and were signed on its behalf by:





P K Boyes - Director


SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

SPI Global Play Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
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 Value Added Tax.

Sales of goods
The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when the risks and rewards of ownership have passed to the customer. This typically happens when goods are delivered and legal title has passed.

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.
Short leasehold - The length of the lease
Improvements to property - 33% on cost
Plant and machinery - 15% on cost
Office furniture and equipment - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to the profit and loss account on the 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2023 - 59 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1st January 2024 149,564 28,907 646,401
Additions - - 4,627
At 31st December 2024 149,564 28,907 651,028
DEPRECIATION
At 1st January 2024 129,849 21,207 507,428
Charge for year 2,366 2,613 44,509
At 31st December 2024 132,215 23,820 551,937
NET BOOK VALUE
At 31st December 2024 17,349 5,087 99,091
At 31st December 2023 19,715 7,700 138,973

SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Office
furniture
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2024 63,457 37,860 106,386 1,032,575
Additions 2,710 - 4,138 11,475
At 31st December 2024 66,167 37,860 110,524 1,044,050
DEPRECIATION
At 1st January 2024 61,585 37,860 103,017 860,946
Charge for year 872 - 3,124 53,484
At 31st December 2024 62,457 37,860 106,141 914,430
NET BOOK VALUE
At 31st December 2024 3,710 - 4,383 129,620
At 31st December 2023 1,872 - 3,369 171,629

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2024
and 31st December 2024 89,995 20,070 110,065
DEPRECIATION
At 1st January 2024
and 31st December 2024 10,124 6,271 16,395
NET BOOK VALUE
At 31st December 2024 79,871 13,799 93,670
At 31st December 2023 79,871 13,799 93,670

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 821,669 634,416

SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 397,329 241,484
Amounts due from group
undertakings 177,548 272,504
Other debtors 658,755 76,647
Tax - 3,499
VAT 140,228 7,962
Prepayments 40,347 15,063
1,414,207 617,159

Amounts falling due after more than one year:
Amounts due from group undertakings 348,772 350,927
Other debtors 1,733,780 -
2,082,552 350,927

Aggregate amounts 3,496,759 968,086

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 100,000 100,000
Hire purchase contracts 14,734 16,200
Trade creditors 1,371,530 1,109,399
Tax 403,767 70,889
Social security and other taxes 42,666 26,464
Other creditors 670,292 314,019
Amounts owed to group 915,286 215,258
3,518,275 1,852,229

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 100,000 100,000
Bank loans - 2-5 years 58,333 158,333
Hire purchase contracts 20,250 36,450
178,583 294,783

SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 258,333 358,333
Hire purchase contracts 34,984 52,650
293,317 410,983

Debenture on the banks standard form dated 05/05/2021
Limited guarantee given by Secretary of State for the Department for Business, Energy and Industrial State for £400,000 dated 06/05/2021.

10. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 21,947 30,231

Deferred
tax
£   
Balance at 1st January 2024 30,231
Movement in the year due to:-
changes in capital allowances (8,284 )
changes in tax rates
Balance at 31st December 2024 21,947

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
200 Ordinary £1 200 200

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anthony Lewis, FCCA ACA (Senior Statutory Auditor)
for and on behalf of M. D. Coxey and Co. Limited

13. CAPITAL COMMITMENTS
31.12.24 31.12.23
£    £   
Contracted but not provided for in the
financial statements 10,304 -

SPI GLOBAL PLAY LIMITED (REGISTERED NUMBER: 01041364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

14. ULTIMATE CONTROLLING PARTY

The ultimate parent company is GASPI Holding AB, incorporated and registered in Sweden.

The parent undertaking preparing group accounts is GASPI Holding AB. Its registered office is Skrittgatan 8, 213 77 Malmo, Sweden.