REGISTERED NUMBER: 08864864 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

GROUNDPLAY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R Cook

REGISTERED OFFICE:

53 Parkland View

Lundwood

Barnsley

S71 5LG

REGISTERED NUMBER:

08864864 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

National Westminster Bank plc

26 Market Hill

Barnsley

South Yorkshire

S70 2QE

FIXED ASSETS

Tangible assets

4

34,040

25,127

CURRENT ASSETS

Debtors

5

281,154

226,321

Cash at bank and in hand

1,730

71,086

282,884

297,407

CREDITORS

Amounts falling due within one year

6

72,819

66,586

NET CURRENT ASSETS

210,065

230,821

TOTAL ASSETS LESS CURRENT LIABILITIES

244,105

255,948

CREDITORS

Amounts falling due after more than one year

7

(11,455

)

(20,532

)

PROVISIONS FOR LIABILITIES

(4,225

)

(4,774

)

NET ASSETS

228,425

230,642

CAPITAL AND RESERVES

Called up share capital

9

100

3

Retained earnings

228,325

230,639

SHAREHOLDERS' FUNDS

228,425

230,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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 and authorised for issue by the director and authorised for issue on 1st October 2025 and were signed by:

Mr R Cook - Director

1.	STATUTORY INFORMATION

Groundplay Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carriny amounts of assets and liabilities within the next financial years.

Turnover

When the outcome of a contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by the percentage complete of a contract at the balance sheet date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery

- 25% on reducing balance

Fixtures and fittings

- 25% on reducing balance

Motor vehicles

- 25% on reducing balance

Computer equipment

- 33% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st February 2024

30,768

1,201

19,800

11,559

63,328

Additions

4,872

-

12,513

812

18,197

At 31st January 2025

35,640

1,201

32,313

12,371

81,525

DEPRECIATION

At 1st February 2024

19,568

765

9,485

8,383

38,201

Charge for year

3,025

110

4,990

1,159

9,284

At 31st January 2025

22,593

875

14,475

9,542

47,485

NET BOOK VALUE

At 31st January 2025

13,047

326

17,838

2,829

34,040

At 31st January 2024

11,200

436

10,315

3,176

25,127

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st February 2024

10,500

Additions

10,013

At 31st January 2025

20,513

DEPRECIATION

At 1st February 2024

2,986

Charge for year

3,811

At 31st January 2025

6,797

NET BOOK VALUE

At 31st January 2025

13,716

At 31st January 2024

7,514

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

106,264

69,532

Other debtors

24,751

21,124

Directors' current accounts

139,316

123,468

VAT

6,297

7,819

Prepayments and accrued income

4,526

4,378

281,154

226,321

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans

11,265

10,000

Hire purchase contracts

6,546

3,500

Trade creditors

28,106

40,690

Corporation tax

39,916

41,500

Social security and other taxes

(22,872

)

(32,547

)

Other creditors

7,912

2,073

Accruals and deferred income

1,946

1,370

72,819

66,586

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

7,283

10,000

Bank loans - 2-5 years

-

7,324

Hire purchase contracts

4,172

3,208

11,455

20,532

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

10,718

6,708

The hire purchase contracts are secured against the fixed assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

42

A Ordinary

£1

42

1

(2024 - 1 )

20

B Ordinary

£1

20

1

(2024 - 1 )

33

C Ordinary

£1

33

1

(2024 - 1 )

5

D Ordinary

o1

5

-

100

3

The following shares were issued during the year for consideration of £1:

1 Ordinary share of £1

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2025 and 31st January 2024:

2025

2024

£

£

Mr R Cook

Balance outstanding at start of year

123,468

81,095

Amounts advanced

143,698

128,140

Amounts repaid

(127,850

)

(85,767

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

139,316

123,468

11.	RELATED PARTY DISCLOSURES

During the year the company loaned amounts, interest free, to Ryco Transport Limited and Ryco Estates Limited, companies in which Mr R Cook, is also a director. At the balance sheet date the amount owed to Groundplay Limited was £21,522 (2024: £21,124) from Ryco Estates Limited and was £3,228 from Ryco Transport Limited.