REGISTERED NUMBER: 08084015 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Gloplay Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S P Hynd

REGISTERED OFFICE:

Bubbles World of Play Lido Building

Marine Point

Kings Parade

New Brighton

Merseyside

CH45 2PB

REGISTERED NUMBER:

08084015 (England and Wales)

ACCOUNTANTS:

Myersons

Chartered Accountants

32 Derby Street

Ormskirk

Lancashire

L39 2BY

FIXED ASSETS

Intangible assets

4

613,281

533,556

Tangible assets

5

335,312

370,993

948,593

904,549

CURRENT ASSETS

Stocks

9,247

8,000

Debtors

6

18,974

8,865

Cash at bank and in hand

68,442

110,270

96,663

127,135

CREDITORS

Amounts falling due within one year

7

1,399,957

1,420,006

NET CURRENT LIABILITIES

(1,303,294

)

(1,292,871

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(354,701

)

(388,322

)

CREDITORS

Amounts falling due after more than one year

8

8,318

18,372

NET LIABILITIES

(363,019

)

(406,694

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(363,023

)

(406,698

)

SHAREHOLDERS' FUNDS

(363,019

)

(406,694

)

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 his 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:

S P Hynd - Director

1.	STATUTORY INFORMATION

Gloplay 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 represents net sale of services, excluding value added tax.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

at varying rates on cost

Computer equipment

-

33% on cost and 20% on cost

Stocks

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

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 70 (2023 - 72 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

533,556

Additions

79,725

At 31 December 2024

613,281

NET BOOK VALUE

At 31 December 2024

613,281

At 31 December 2023

533,556

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

Computer

leasehold

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

16,263

481,290

1,455,775

54,290

2,007,618

DEPRECIATION

At 1 January 2024

2,711

181,991

1,402,188

49,735

1,636,625

Charge for year

903

20,607

13,665

506

35,681

At 31 December 2024

3,614

202,598

1,415,853

50,241

1,672,306

NET BOOK VALUE

At 31 December 2024

12,649

278,692

39,922

4,049

335,312

At 31 December 2023

13,552

299,299

53,587

4,555

370,993

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

13,294

4

Prepayments and accrued income

5,680

8,861

18,974

8,865

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

9,898

9,898

Trade creditors

34,578

36,063

Social security and other taxes

26,709

44,998

VAT

29,736

39,305

Other creditors

1,339

1,443

Directors' current accounts

1,239,223

1,244,723

Accrued expenses

58,474

43,576

1,399,957

1,420,006

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

8,318

10,048

Bank loans - 2-5 years

-

8,324

8,318

18,372

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

124,858

124,858

Between one and five years

499,431

499,431

In more than five years

1,186,148

1,311,006

1,810,437

1,935,295

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S P Hynd.