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Registration number: 13601497

Playtime Wholesale Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Playtime Wholesale Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 10

 

Playtime Wholesale Ltd

Company Information

Directors

Miss H L Jelley

Mrs S Potter

Registered office

20A Sandersons Way
Blackpool
Lancashire
FY4 4NB

Accountants

Red Dot Accountants Ltd 15 Olympic Court
Whitehills Business Park
Blackpool
Lancashire
FY4 5GU

 

Playtime Wholesale Ltd

Directors' Report for the Year Ended 30 September 2024

The directors present their report and the financial statements for the year ended 30 September 2024.

Directors of the company

The directors who held office during the year were as follows:

Miss H L Jelley

Mrs S Potter

Principal activity

The principal activity of the company is the wholesale and retail of toys.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 20 June 2025 and signed on its behalf by:
 

.........................................
Miss H L Jelley
Director

.........................................
Mrs S Potter
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Playtime Wholesale Ltd
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Playtime Wholesale Ltd for the year ended 30 September 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Playtime Wholesale Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Playtime Wholesale Ltd and state those matters that we have agreed to state to the Board of Directors of Playtime Wholesale Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Playtime Wholesale Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Playtime Wholesale Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Playtime Wholesale Ltd. You consider that Playtime Wholesale Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Playtime Wholesale Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Red Dot Accountants Ltd
15 Olympic Court
Whitehills Business Park
Blackpool
Lancashire
FY4 5GU

20 June 2025

 

Playtime Wholesale Ltd

(Registration number: 13601497)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

29,839

16,165

Current assets

 

Stocks

5

309,852

345,829

Debtors

6

59,741

29,334

Cash at bank and in hand

 

12,339

95,910

 

381,932

471,073

Creditors: Amounts falling due within one year

7

(459,792)

(430,885)

Net current (liabilities)/assets

 

(77,860)

40,188

Total assets less current liabilities

 

(48,021)

56,353

Provisions for liabilities

(4,864)

(2,303)

Net (liabilities)/assets

 

(52,885)

54,050

Capital and reserves

 

Called up share capital

8

200

200

Retained earnings

(53,085)

53,850

Shareholders' (deficit)/funds

 

(52,885)

54,050

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 20 June 2025 and signed on its behalf by:
 

 

Playtime Wholesale Ltd

(Registration number: 13601497)
Balance Sheet as at 30 September 2024

.........................................
Miss H L Jelley
Director

.........................................
Mrs S Potter
Director

 

Playtime Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
20A Sandersons Way
Blackpool
Lancashire
FY4 4NB

These financial statements were authorised for issue by the Board on 20 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Playtime Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

25% on reducing balance

Furniture and fittings

15% on reducing balance

Office equipment

25% on reducing balance

Motor vehicles

25% on reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Playtime Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

Playtime Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

7,188

8,689

12,000

27,877

Additions

1,611

19,471

-

21,082

At 30 September 2024

8,799

28,160

12,000

48,959

Depreciation

At 1 October 2023

3,145

3,317

5,250

11,712

Charge for the year

1,414

4,306

1,688

7,408

At 30 September 2024

4,559

7,623

6,938

19,120

Carrying amount

At 30 September 2024

4,240

20,537

5,062

29,839

At 30 September 2023

4,043

5,372

6,750

16,165

Included within the net book value of land and buildings above is £4,240 (2023 - £4,043) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

309,852

345,829

6

Debtors

Current

2024
£

2023
£

Trade debtors

45,831

24,212

Prepayments

11,545

5,122

Other debtors

2,365

-

 

59,741

29,334

 

Playtime Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

-

1,958

Trade creditors

 

97,731

43,524

Taxation and social security

 

2,198

35,307

Accruals and deferred income

 

11,317

4,613

Other creditors

 

348,546

345,483

 

459,792

430,885

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary 'A' Share of £1 each

35

35

35

35

Ordinary 'B' Shares of £1 each

35

35

35

35

Ordinary 'C' Shares of £1 each

30

30

30

30

Ordinary of £1 each

100

100

100

100

200

200

200

200

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

-

1,958