REGISTERED NUMBER: 06989850 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

Into Play Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms K Perry-Gardiner

REGISTERED OFFICE:

51 Barnwood Road

Gloucester

GL2 0SE

REGISTERED NUMBER:

06989850 (England and Wales)

ACCOUNTANTS:

Knights Accountants and Tax Advisors

21 Highnam Business Centre

Highnam

Gloucester

GL2 8DN

FIXED ASSETS

Intangible assets

4

18,750

22,500

Tangible assets

5

780,830

802,113

799,580

824,613

CURRENT ASSETS

Stocks

3,046

2,583

Debtors

6

26,405

25,695

Cash at bank and in hand

104,388

12,242

133,839

40,520

CREDITORS

Amounts falling due within one year

7

548,425

514,850

NET CURRENT LIABILITIES

(414,586

)

(474,330

)

TOTAL ASSETS LESS CURRENT LIABILITIES

384,994

350,283

CREDITORS

Amounts falling due after more than one year

8

288,208

293,773

NET ASSETS

96,786

56,510

CAPITAL AND RESERVES

Called up share capital

140

140

Retained earnings

96,646

56,370

96,786

56,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Ms K Perry-Gardiner - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 46 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

75,000

AMORTISATION

At 1 January 2024

52,500

Charge for year

3,750

At 31 December 2024

56,250

NET BOOK VALUE

At 31 December 2024

18,750

At 31 December 2023

22,500

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

954,479

192,969

1,147,448

Additions

-

1,810

1,810

At 31 December 2024

954,479

194,779

1,149,258

DEPRECIATION

At 1 January 2024

174,649

170,686

345,335

Charge for year

19,089

4,004

23,093

At 31 December 2024

193,738

174,690

368,428

NET BOOK VALUE

At 31 December 2024

760,741

20,089

780,830

At 31 December 2023

779,830

22,283

802,113

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

5,610

3,993

Other debtors

20,795

21,702

26,405

25,695

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

72,201

94,699

Trade creditors

4,945

4,035

Taxation and social security

57,428

48,973

Other creditors

413,851

367,143

548,425

514,850

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

288,208

293,773

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Ms K Perry-Gardiner

Balance outstanding at start of year

-

215,054

Amounts repaid

-

(215,054

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-