REGISTERED NUMBER: SC098839 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Theraplay Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I A Macdonald

G R Macdonald

SECRETARY:

G R Macdonald

REGISTERED OFFICE:

Middleton House

22 Hawbank Road

East Kilbride

Glasgow

G74 5HA

REGISTERED NUMBER:

SC098839 (Scotland)

ACCOUNTANTS:

McLay, McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

340,348

353,579

CURRENT ASSETS

Stocks

131,907

154,668

Debtors

5

331,550

275,813

Cash at bank and in hand

176,829

148,891

640,286

579,372

CREDITORS

Amounts falling due within one year

6

(216,894

)

(177,934

)

NET CURRENT ASSETS

423,392

401,438

TOTAL ASSETS LESS CURRENT LIABILITIES

763,740

755,017

CREDITORS

Amounts falling due after more than one year

7

(55,806

)

(78,679

)

PROVISIONS FOR LIABILITIES

(3,224

)

(4,672

)

NET ASSETS

704,710

671,666

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

704,610

671,566

SHAREHOLDERS' FUNDS

704,710

671,666

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2025 and were signed on its behalf by:

G R Macdonald - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

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 invoiced sales of goods excluding value added tax. The turnover and profit before taxation are attributable to the principal activity of the company.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Stocks

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

Financial instruments

Debtors

Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts.

Creditors

Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Grants

Grants are credited to other income. Grants toward capital expenditure are released to the profit and loss account over the expected useful life of the assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

372,100

86,340

22,508

32,551

513,499

Additions

-

2,198

-

-

2,198

At 31 March 2025

372,100

88,538

22,508

32,551

515,697

DEPRECIATION

At 1 April 2024

37,210

75,461

21,228

26,021

159,920

Charge for year

7,442

5,075

1,280

1,632

15,429

At 31 March 2025

44,652

80,536

22,508

27,653

175,349

NET BOOK VALUE

At 31 March 2025

327,448

8,002

-

4,898

340,348

At 31 March 2024

334,890

10,879

1,280

6,530

353,579

Property purchased in 2019 is included at cost.

The directors consider this valuation to be appropriate as at 31 March 2025.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

329,690

263,549

Other debtors

1,860

12,264

331,550

275,813

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

21,250

20,718

Trade creditors

49,047

47,259

Taxation and social security

40,443

22,080

Other creditors

106,154

87,877

216,894

177,934

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

51,173

72,690

Other creditors

4,633

5,989

55,806

78,679

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

72,423

93,408

Bank loans are secured over the assets of the company.