Playbrush Ltd


Directors	Takahiro Domoto
	Tolulope Ogunsina


Registered Address	52 Horseferry Road
	2nd Floor
	London
	SW1P 2AF


Registered Number	09171612 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		4,806		16,479
Tangible assets	4		9,633		11,564
			14,439		28,043
Current assets
Debtors		158,451		26,673
Cash at bank and on hand		131,629		181,098
		290,080		207,771
Creditors amounts falling due within one year		(717,592)		(725,243)
Net current assets (liabilities)			(427,512)		(517,472)
Total assets less current liabilities			(413,073)		(489,429)
Net assets			(413,073)		(489,429)
Capital and reserves
Called up share capital			2,039		2,039
Share premium			14,920		14,920
Profit and loss account			(430,032)		(506,388)
Shareholders' funds			(413,073)		(489,429)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 16 January 2025, and are signed on its behalf by:

Tolulope Ogunsina
Director
Registered Company No. 09171612

Playbrush Ltd

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. It is your duty to ensure that Playbrush Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that Playbrush Ltd is exempt from the statutory audit requirement for the year. We draw your attention to note 1 to the financial statements. The company is reliant upon the continued financial support of its directors, shareholders and related parties. The financial statements do not include any adjustments that would result if the company were unable to continue as going concern.

Going concern

We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. It is your duty to ensure that Playbrush Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company.

You consider that Playbrush Ltd is exempt from the statutory audit requirement for the year. We draw your attention to note 1 to the financial statements. The company is reliant upon the continued financial support of its directors, shareholders and related parties. The financial statements do not include any adjustments that would result if the company were unable to continue as going concern.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible fixed assets are stated at cost or valuation less Amortization. Amortization is provided on all intangible fixed assets as follows: Other Intangible Assets has been amortized using the straight line method over 5 years

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	3
	Office Equipment	3

2.	Average number of employees


		2024		2023
	Average number of employees during the year	14		13

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	106,555
	At 31 December 24	106,555
	Amortisation and impairment
	At 01 January 24	90,076
	Charge for year	11,673
	At 31 December 24	101,749
	Net book value
	At 31 December 24	4,806
	At 31 December 23	16,479

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	23,490
	Additions	5,297
	At 31 December 24	28,787
	Depreciation and impairment
	At 01 January 24	11,926
	Charge for year	7,228
	At 31 December 24	19,154
	Net book value
	At 31 December 24	9,633
	At 31 December 23	11,564