PLAYPHYSIO C.I.C.

Company Registration Number:
10593738 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 1 February 2024

End date: 31 January 2025

PLAYPHYSIO C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PLAYPHYSIO C.I.C.

Directors' report period ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Directors

The directors shown below have held office during the whole of the period from
1 February 2024 to 31 January 2025

William Jackson
Claire Jackson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 October 2025

And signed on behalf of the board by:
Name: William Jackson
Status: Director

PLAYPHYSIO C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2025

2025 2024


£

£
Turnover: 180 0
Cost of sales: ( 3,489 ) ( 21,762 )
Gross profit(or loss): (3,309) (21,762)
Distribution costs: 0 0
Administrative expenses: ( 8,134 ) ( 20,105 )
Other operating income: 8,265 38,609
Operating profit(or loss): (3,178) (3,258)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (3,178) (3,258)
Tax: 0 0
Profit(or loss) for the financial year: (3,178) (3,258)

PLAYPHYSIO C.I.C.

Balance sheet

As at 31 January 2025

Notes 2025 2024


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 939 1,169
Tangible assets: 4 1,516 393
Investments:   0 0
Total fixed assets: 2,455 1,562
Current assets
Stocks:   0 0
Debtors: 5 300 398
Cash at bank and in hand: 11,451 23,677
Investments:   0 0
Total current assets: 11,751 24,075
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 49,772 ) ( 58,025 )
Net current assets (liabilities): (38,021) (33,950)
Total assets less current liabilities: (35,566) ( 32,388)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (35,566) (32,388)
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (35,567 ) (32,389 )
Total Shareholders' funds: ( 35,566 ) (32,388)

The notes form part of these financial statements

PLAYPHYSIO C.I.C.

Balance sheet statements

For the year ending 31 January 2025 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 October 2025
and signed on behalf of the board by:

Name: William Jackson
Status: Director

The notes form part of these financial statements

PLAYPHYSIO C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment3 Years

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangible fixed assets are amortised over a 10 year period.

PLAYPHYSIO C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 2 2

PLAYPHYSIO C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 February 2024 2,300 2,300
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 January 2025 2,300 2,300
Amortisation
At 1 February 2024 1,131 1,131
Charge for year 230 230
On disposals 0 0
Other adjustments 0 0
At 31 January 2025 1,361 1,361
Net book value
At 31 January 2025 939 939
At 31 January 2024 1,169 1,169

PLAYPHYSIO C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2024 7,753 7,753
Additions 2,183 2,183
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 January 2025 9,936 9,936
Depreciation
At 1 February 2024 7,360 7,360
Charge for year 1,060 1,060
On disposals 0 0
Other adjustments 0 0
At 31 January 2025 8,420 8,420
Net book value
At 31 January 2025 1,516 1,516
At 31 January 2024 393 393

PLAYPHYSIO C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Debtors

2025 2024
£ £
Other debtors 300 398
Total 300 398

PLAYPHYSIO C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

6. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 172 150
Accruals and deferred income 0 8,265
Other creditors 49,600 49,610
Total 49,772 58,025

COMMUNITY INTEREST ANNUAL REPORT

PLAYPHYSIO C.I.C.

Company Number: 10593738 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

Playphysio's activities during 2024-2025 have been necessarily constrained by the legal re-quirement for regulatory approval before our medical devices can be made available for wid-er clinical use. As a medical device company operating under the Medical Device Regulation (MDR), we cannot proceed with commercial activities or broader patient access until we have completed the regulatory approval process. During this period, the company has been mak-ing comprehensive preparations for the final research outcomes from the ongoing Alder Hey Children's Hospital research project, ensuring we are positioned to move swiftly through the regulatory pathway once the clinical evidence is complete. To achieve meaningful community impact with our respiratory physiotherapy devices, Play-physio recognises the critical importance of engaging with the UK NHS ecosystem. Our ac-tivities have therefore focused on building relationships and understanding requirements across multiple levels of the healthcare system, including clinical staff, procurement teams, commissioning bodies, and healthcare technology assessment organisations. This engage-ment is essential to ensure our devices can be effectively integrated into NHS pathways and made accessible to the patients who need them most, while meeting the complex require-ments of NHS procurement and commissioning processes. Additionally, Playphysio has invested significant time in securing advice and guidance from a range of experienced mentors with extensive ‘medtech’ experience across devices, sales, funding, and growth strategies. These activities have been essential in preparing the com-pany for the transition from research phase to commercial readiness, ensuring we have the expertise and strategic guidance necessary for successful direct marketing to organisations, clinicians and patients with our medical devices. Throughout this period, we have benefitted from continued support and engagement with key organisations including Innovate UK, AMR (A Million Realities – Packard Foundation), NICE (National Institute for Health and Care Excellence), NHS England PPI team, University of Liverpool, and Alder Hey Children's Hospital Respiratory teams. These partnerships have provided invaluable guidance on regulatory pathways, clinical evidence requirements, and healthcare system integration, ensuring our development activities remain aligned with na-tional healthcare priorities and patient needs. Notably, Will Jackson was one of the first 8 pa-tients to be awarded a place on the full NHS Clinical Entrepreneur Program as a 'Pa-tient/Carer', further strengthening our connection to NHS innovation pathways and patient-centred healthcare development. Unfortunately this year we encountered the need to engage with additional statistical consul-tation to ensure the robustness and accuracy of our research findings. Resulting in una-voidable delays to the publication of our results. While these delays have impacted our time-line, this thorough approach to statistical analysis ensures that our published outcomes will meet the highest standards of clinical evidence required for regulatory approval and patient safety.

Consultation with stakeholders

Playphysio has continued to provide full treatment monitoring services to all participants in the clinical research trial, even after the research has been concluded. This ongoing com-mitment ensures that families who participated in the study continue to benefit from our (24 hour 365 day availability) respiratory physiotherapy monitoring and gamification technology, maintaining continuity of care and demonstrating our dedication and robust commitment to the wellbeing of our patient community beyond the formal research period. Through Will Jackson's participation in the NHS Clinical Entrepreneur Programme (CEP), Playphysio has been able to engage with many stakeholders within the UK NHS. The CEP is the world's largest entrepreneurial development programme, providing access to a network of over 1,200 frontline NHS staff, clinical mentors, healthcare experts, and patient advocates. This programme has enabled us to consult with diverse stakeholders including clinical and non-clinical NHS professionals, procurement specialists, commissioners, and patient repre-sentatives from across different NHS trusts and regions, ensuring our development activities remain aligned with real-world NHS needs and patient priorities.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 October 2025

And signed on behalf of the board by:
Name: William Jackson
Status: Director