Silverfin false false 30/11/2024 01/12/2023 30/11/2024 D Brown 16/11/2004 31 July 2025 The principal activity of the company is that of computer games programming. 05287450 2024-11-30 05287450 bus:Director1 2024-11-30 05287450 2023-11-30 05287450 core:CurrentFinancialInstruments 2024-11-30 05287450 core:CurrentFinancialInstruments 2023-11-30 05287450 core:ShareCapital 2024-11-30 05287450 core:ShareCapital 2023-11-30 05287450 core:RetainedEarningsAccumulatedLosses 2024-11-30 05287450 core:RetainedEarningsAccumulatedLosses 2023-11-30 05287450 core:OtherPropertyPlantEquipment 2023-11-30 05287450 core:OtherPropertyPlantEquipment 2024-11-30 05287450 2023-12-01 2024-11-30 05287450 bus:FilletedAccounts 2023-12-01 2024-11-30 05287450 bus:SmallEntities 2023-12-01 2024-11-30 05287450 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 05287450 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05287450 bus:Director1 2023-12-01 2024-11-30 05287450 core:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 05287450 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Company No: 05287450 (England and Wales)

PLAY-CREATE LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

PLAY-CREATE LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

PLAY-CREATE LTD

STATEMENT OF FINANCIAL POSITION

As at 30 November 2024
PLAY-CREATE LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 5,827 6,471
5,827 6,471
Current assets
Debtors 4 154 150
Cash at bank and in hand 81,304 72,352
81,458 72,502
Creditors: amounts falling due within one year 5 ( 24,649) ( 19,765)
Net current assets 56,809 52,737
Total assets less current liabilities 62,636 59,208
Net assets 62,636 59,208
Capital and reserves
Called-up share capital 1 1
Profit and loss account 62,635 59,207
Total shareholder's funds 62,636 59,208

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 financial statements of Play-Create Ltd (registered number: 05287450) were approved and authorised for issue by the Director. They were signed on its behalf by:

D Brown
Director

31 July 2025

PLAY-CREATE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
PLAY-CREATE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Play-Create Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 December 2023 20,547 20,547
Additions 998 998
At 30 November 2024 21,545 21,545
Accumulated depreciation
At 01 December 2023 14,076 14,076
Charge for the financial year 1,642 1,642
At 30 November 2024 15,718 15,718
Net book value
At 30 November 2024 5,827 5,827
At 30 November 2023 6,471 6,471

4. Debtors

2024 2023
£ £
VAT recoverable 154 150

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 22,577 17,727
Accruals 1,000 1,000
Taxation and social security 1,072 1,038
24,649 19,765