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Logo On Report
Registered Number: 08131434
England and Wales

 

 

 

WE PLAY LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

We Play Limited
Contents Page
For the year ended 31 December 2024
Directors Luca Massaro
John Rowady
Registered Number 08131434
Registered Office 69 Carter Lane
London
EC4V 5EQ
Accountants WallsMan Creative Limited
Unit 14, Princeton Mews, 167 London Road, Kingston Upon Thames, England
KT2 6PT
1
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Intangible fixed assets 3 244,222    247,672 
Tangible fixed assets 4 28,907    27,640 
273,129    275,312 
Current assets      
Debtors 5 968,779    516,275 
Cash at bank and in hand 1,088,034    1,629,325 
2,056,813    2,145,600 
Creditors: amount falling due within one year 6 (1,907,754)   (2,071,558)
Net current assets 149,059    74,042 
 
Total assets less current liabilities 422,188    349,354 
Creditors: amount falling due after more than one year 7 (244,176)   (70,833)
Provisions for liabilities 8 73,821    41,189 
Net assets 251,833    319,710 
 

Capital and reserves 		     
Called up share capital 4,020    4,020 
Share premium account 9 305,102    304,762 
Profit and loss account (57,289)   10,928 
Shareholders' funds 251,833    319,710 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 28 August 2025 and were signed on its behalf by:


-------------------------------
John Rowady
Director
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General Information
We Play Limited is a private company, limited by shares, registered in England and Wales, registration number 08131434, registration address 69 Carter Lane, London, EC4V 5EQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees


Average number of employees during the year was 30 (2023 : 30).
3.

Intangible fixed assets

Cost Development Costs   Total
  £   £
At 01 January 2024 408,720    408,720 
Additions 113,101    113,101 
Disposals -    - 
At 31 December 2024 521,821    521,821 
Amortisation
At 01 January 2024 161,048    161,048 
Charge for year 116,551    116,551 
On disposals -    - 
At 31 December 2024 277,599    277,599 
Net book values
At 31 December 2024 244,222    244,222 
At 31 December 2023 247,672    247,672 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2024 9,600    58,012    67,612 
Additions 300    12,900    13,200 
Disposals -    -    - 
At 31 December 2024 9,900    70,912    80,812 
Depreciation
At 01 January 2024 8,545    31,427    39,972 
Charge for year 437    11,496    11,933 
On disposals -    -    - 
At 31 December 2024 8,982    42,923    51,905 
Net book values
Closing balance as at 31 December 2024 918    27,989    28,907 
Opening balance as at 01 January 2024 1,055    26,585    27,640 


5.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 842,687    179,266 
Prepayments & Accrued Income 16,945    10,396 
Other Debtors 0    47,455 
Other debtors - S455 20,349    20,349 
VAT 88,798    198,517 
968,779    455,983 

5.

Debtors: amounts falling due after one year

2024
£		   2023
£
Directors Loan Accounts 0    60,292 
0    60,292 

6.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 344,364    804,771 
Bank Loans & Overdrafts (Secured) 50,000    50,000 
Corporation Tax 4,099    4,099 
PAYE & Social Security 39,722    53,186 
Accrued Expenses 1,082,174    982,847 
Deferred Income 371,263    154,943 
Other Creditors 12,667    18,118 
Wages & Salaries Control Account 0    (1,705)
Pension Control Account 3,465    5,299 
1,907,754    2,071,558 

7.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts (secured) 20,833    70,833 
Amounts Owed to Group Undertakings 223,343    0 
244,176    70,833 

8.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax (73,821)   (41,189)
(73,821)   (41,189)

9.

Share premium account

2024
£		   2023
£
Equity Share Premium b/fwd 305,102    304,762 
305,102    304,762 

10.

Ultimate Controlling Party

The company's ultimate controlling party is Revolution LLC by virtue of his ownership of 100% of the issued share capital in the company.
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