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Registration number: 05235072

Playtime UK Limited

trading as Stuff It

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Playtime UK Limited

trading as Stuff It

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Playtime UK Limited

trading as Stuff It

Company Information

Director

Mr P A Jelley

Registered office

Unit 1 Wellington Point
Amy Johnson Way
Blackpool
FY4 2RG

Accountants

Red Dot Accountants Ltd
Chartered Accountants15 Olympic Court
Whitehills Business Park
Blackpool
Lancashire
FY4 5GU

 

Playtime UK Limited

trading as Stuff It

(Registration number: 05235072)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

2,091,971

2,115,513

Investments

6

21,900

21,900

 

2,113,871

2,137,413

Current assets

 

Stocks

7

69,642

103,591

Debtors

8

888,761

981,576

Cash at bank and in hand

 

478,606

312,510

 

1,437,009

1,397,677

Creditors: Amounts falling due within one year

9

(574,946)

(815,728)

Net current assets

 

862,063

581,949

Total assets less current liabilities

 

2,975,934

2,719,362

Creditors: Amounts falling due after more than one year

9

(595,527)

(669,288)

Provisions for liabilities

(164,035)

(171,790)

Net assets

 

2,216,372

1,878,284

Capital and reserves

 

Called up share capital

10

100

100

Property reserve

609,378

547,520

Retained earnings

1,606,894

1,330,664

Shareholders' funds

 

2,216,372

1,878,284

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 his 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 20 August 2025
 

 

Playtime UK Limited

trading as Stuff It

(Registration number: 05235072)
Balance Sheet as at 30 November 2024

.........................................
Mr P A Jelley
Director

 

Playtime UK Limited

trading as Stuff It

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.

The address of its registered office is:
Unit 1 Wellington Point
Amy Johnson Way
Blackpool
FY4 2RG
England

The principal place of business is:
Unit 1 Wellington Point
Amy Johnson Way
Blackpool
FY4 2RG
England

These financial statements were authorised for issue by the director on 20 August 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 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 recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

 

Playtime UK Limited

trading as Stuff It

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

Tax

The tax expense for the period comprises corporation and deferred 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.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position 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

Freehold Property

2% straight line

Plant and Machinery

10% reducing balance

Fixtures and Fittings

25% reducing balance

Computer Equipment

25% reducing balance

Motor Vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

 

Playtime UK Limited

trading as Stuff It

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

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, 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 25 (2023 - 26).

 

Playtime UK Limited

trading as Stuff It

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2023

14,000

14,000

At 30 November 2024

14,000

14,000

Amortisation

At 1 December 2023

14,000

14,000

At 30 November 2024

14,000

14,000

Carrying amount

At 30 November 2024

-

-

 

Playtime UK Limited

trading as Stuff It

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

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

1,970,691

516,122

134,995

2,621,808

Revaluations

67,045

-

-

67,045

Additions

10,174

56,141

-

66,315

Disposals

-

(140,975)

(64,000)

(204,975)

At 30 November 2024

2,047,910

431,288

70,995

2,550,193

Depreciation

At 1 December 2023

182,577

254,813

68,905

506,295

Charge for the year

332

31,065

9,773

41,170

Eliminated on disposal

-

(52,243)

(37,000)

(89,243)

At 30 November 2024

182,909

233,635

41,678

458,222

Carrying amount

At 30 November 2024

1,865,001

197,653

29,317

2,091,971

At 30 November 2023

1,788,114

261,309

66,090

2,115,513

Included within the net book value of land and buildings above is £1,865,000 (2023 - £1,788,114) in respect of freehold land and buildings.
 

6

Investments

2024
£

2023
£

Investments in subsidiaries

21,900

21,900

 

Playtime UK Limited

trading as Stuff It

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

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Stuff It Ltd

Unit 1, Wellington point, Off Amy Johnson Way, Blackpool FY4 2RG

England

£1 Ordinary

100%

100%

Subsidiary undertakings

Stuff It Ltd

The principal activity of Stuff It Ltd is a non-trading business at present.

7

Stocks

2024
£

2023
£

Other inventories

69,642

103,591

8

Debtors

Current

2024
£

2023
£

Trade debtors

496,413

625,949

Prepayments

67,602

32,182

Other debtors

324,746

323,445

 

888,761

981,576

 

Playtime UK Limited

trading as Stuff It

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

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

161,759

308,034

Trade creditors

 

113,101

137,653

Taxation and social security

 

231,978

227,662

Accruals and deferred income

 

51,858

68,485

Other creditors

 

16,250

73,894

 

574,946

815,728

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

595,527

669,288

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

11

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

61,858

61,858