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Registered number: 11795731
Play Days Cottage Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Jeffrey Rose Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11795731
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 104,342 123,390
104,342 123,390
CURRENT ASSETS
Debtors 5 868 4,460
Cash at bank and in hand 42,467 6,715
43,335 11,175
Creditors: Amounts Falling Due Within One Year 6 (43,636 ) (13,461 )
NET CURRENT ASSETS (LIABILITIES) (301 ) (2,286 )
TOTAL ASSETS LESS CURRENT LIABILITIES 104,041 121,104
Creditors: Amounts Falling Due After More Than One Year 7 (71,554 ) (114,883 )
NET ASSETS 32,487 6,221
CAPITAL AND RESERVES
Called up share capital 9 16,278 16,278
Profit and Loss Account 16,209 (10,057 )
SHAREHOLDERS' FUNDS 32,487 6,221
Page 1
Page 2
For the year ending 31 January 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Debbie Parr
Director
Miss Charlotte Annable
Director
25/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Play Days Cottage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11795731 . The registered office is The Counting House, Forest Road, New Ollerton, NG22 9QS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
Plant & Machinery 15
Motor Vehicles 25
Fixtures & Fittings 15
Computer Equipment 15
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 8)
9 8
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2024 36,006 4,396 117,387 40,690
Additions - 1,174 20,151 1,352
Disposals - - (46,044 ) -
As at 31 January 2025 36,006 5,570 91,494 42,042
Depreciation
As at 1 February 2024 - 920 60,054 14,595
Provided during the period - 698 12,896 4,117
Disposals - - (20,144 ) -
As at 31 January 2025 - 1,618 52,806 18,712
Net Book Value
As at 31 January 2025 36,006 3,952 38,688 23,330
As at 1 February 2024 36,006 3,476 57,333 26,095
Computer Equipment Total
£ £
Cost
As at 1 February 2024 746 199,225
Additions 2,304 24,981
Disposals - (46,044 )
As at 31 January 2025 3,050 178,162
Depreciation
As at 1 February 2024 266 75,835
Provided during the period 418 18,129
Disposals - (20,144 )
As at 31 January 2025 684 73,820
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 January 2025 2,366 104,342
As at 1 February 2024 480 123,390
5. Debtors
2025 2024
£ £
Due within one year
Net wages - 4,460
Due after more than one year
Directors loan account 868 -
868 4,460
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 601 599
Corporation tax 42,081 12,862
Net wages 1,886 -
Capital on Tap (932 ) -
43,636 13,461
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 41,924 77,862
Bank loans 29,630 35,185
Directors loan account - 1,836
71,554 114,883
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 41,924 48,564
Later than five years - 29,298
41,924 77,862
41,924 77,862
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 16,278 16,278
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