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Registration number: 06190947

Playworld Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Playworld Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Playworld Limited

(Registration number: 06190947)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

27,098

29,726

Current assets

 

Stocks

6,500

6,250

Debtors

5

1,144

12,073

Cash at bank and in hand

 

112,966

102,792

 

120,610

121,115

Creditors: Amounts falling due within one year

6

(60,529)

(60,843)

Net current assets

 

60,081

60,272

Total assets less current liabilities

 

87,179

89,998

Creditors: Amounts falling due after more than one year

6

(7,039)

(17,369)

Provisions for liabilities

(11,962)

(4,720)

Net assets

 

68,178

67,909

Capital and reserves

 

Called up share capital

100

100

Retained earnings

68,078

67,809

Shareholders' funds

 

68,178

67,909

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 June 2025
 

 

Playworld Limited

(Registration number: 06190947)
Balance Sheet as at 30 November 2024

.........................................
Mrs A Grinnell
Director

 

Playworld Limited

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

1

General information

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

The address of its registered office is:
416 Newcastle Road
Hough
Crewe
CW2 5JF

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.

Tax

The tax expense for the period comprises current and deferred tax.

The current 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of timing difference.

 

Playworld Limited

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

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

Improvement to leasehold

15% straight line

Plant and equipment

straight line over 4 years

Fixtures, fittings & computer equipment

15% straight line / straight line over 4 years

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 22 (2023 - 17).

4

Tangible assets

Improvements to leasehold
£

Fixtures, fittings and computer equipment
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 December 2023

31,065

176,862

1,174

209,101

Additions

-

5,512

-

5,512

At 30 November 2024

31,065

182,374

1,174

214,613

Depreciation

At 1 December 2023

31,065

147,564

746

179,375

Charge for the year

-

7,846

294

8,140

At 30 November 2024

31,065

155,410

1,040

187,515

Carrying amount

At 30 November 2024

-

26,964

134

27,098

At 30 November 2023

-

29,298

428

29,726

 

Playworld Limited

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

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

-

9,000

Other debtors

 

1,144

3,073

   

1,144

12,073

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10,332

10,077

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9,600

-

Taxation and social security

 

14,381

13,281

Other creditors

 

26,216

37,485

 

60,529

60,843

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7,039

17,369