ESP Play Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC355740

ESP Play Limited

Filleted Financial Statements

For the year ended

31 March 2025

ESP Play Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	2	4
Tangible assets	6	42,620	98,770
Investments	7	152,410	152,410
		----------	----------
		195,032	251,184

Current assets

Stocks		401,492	354,120
Debtors	8	4,248,319	3,807,627
Cash at bank and in hand		120,271	174,314
		-------------	-------------
		4,770,082	4,336,061

Creditors: amounts falling due within one year	9	2,944,026		2,318,377
		-------------		-------------
Net current assets			1,826,056		2,017,684
			-------------		-------------
Total assets less current liabilities			2,021,088		2,268,868

Creditors: amounts falling due after more than one year	10		13,334		53,333

Provisions

Taxation including deferred tax	6,254	17,339
	-------------	-------------
Net assets	2,001,500	2,198,196
	-------------	-------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	2,000,500	2,197,196
	-------------	-------------
Shareholders funds	2,001,500	2,198,196
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

ESP Play Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mr A Wood

Director

Company registration number: SC355740

ESP Play Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Going concern The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. (c) Revenue recognition Revenue from the provision of services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably (d) Current & deferred tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. (e) Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. (f) Operating leases Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. (g) Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

(h) Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Intellectual Property	-	20% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

(i) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(j) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	20% reducing balance
Fixtures & Fittings	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	20% reducing balance

(k) Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

(l) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(m) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(n) Financial instruments

Financial instruments are classified as accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 53 (2024: 57 ).

5. Intangible assets

	Goodwill	Intellectual property	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	2	40,000	40,002
	----	--------	--------
Amortisation
At 1 April 2024	–	39,998	39,998
Charge for the year	–	2	2
	----	--------	--------
At 31 March 2025	–	40,000	40,000
	----	--------	--------
Carrying amount
At 31 March 2025	2	–	2
	----	--------	--------
At 31 March 2024	2	2	4
	----	--------	--------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	17,963	3,300	57,875	57,970	137,108
Additions	–	–	–	6,099	6,099
Disposals	–	–	( 57,875)	( 5,596)	( 63,471)
	--------	-------	--------	--------	----------
At 31 March 2025	17,963	3,300	–	58,473	79,736
	--------	-------	--------	--------	----------
Depreciation
At 1 April 2024	7,317	2,972	11,055	16,994	38,338
Charge for the year	3,600	216	6,778	11,614	22,208
Disposals	–	–	( 17,833)	( 5,597)	( 23,430)
	--------	-------	--------	--------	----------
At 31 March 2025	10,917	3,188	–	23,011	37,116
	--------	-------	--------	--------	----------
Carrying amount
At 31 March 2025	7,046	112	–	35,462	42,620
	--------	-------	--------	--------	----------
At 31 March 2024	10,646	328	46,820	40,976	98,770
	--------	-------	--------	--------	----------

7. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	152,410
	----------
Impairment
At 1 April 2024 and 31 March 2025	–
	----------

Carrying amount
At 31 March 2025	152,410
	----------
At 31 March 2024	152,410
	----------

8. Debtors

	2025	2024
	£	£
Trade debtors	1,036,648	616,368
Amounts owed by group undertakings	2,053,390	2,024,688
Other debtors	1,158,281	1,166,571
	-------------	-------------
	4,248,319	3,807,627
	-------------	-------------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans	40,000	40,000
Trade creditors	1,397,182	1,404,526
Corporation tax	7,355	192,731
Social security and other taxes	219,980	219,932
Barclays invoice financing	207,689	–
Other creditors	1,071,820	461,188
	-------------	-------------
	2,944,026	2,318,377
	-------------	-------------

The bank loan is repayable in equal monthly instalments, with an interest rate of 3.99% per annum over the Bank of England Base Rate. Bank loans are secured against the associated assets to which they relate. Invoice financing is secured by legal charges over assets held by the company.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	13,334	53,333
	--------	--------

The bank loan is repayable in equal monthly instalments, with an interest rate of 3.99% per annum over the Bank of England Base Rate. Bank loans are secured against the associated assets to which they relate.

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	116,684	100,667
Later than 1 year and not later than 5 years	162,943	193,310
	----------	----------
	279,627	293,977
	----------	----------

12. Summary audit opinion

The auditor's report dated 24 December 2025 was unqualified .

The senior statutory auditor was Jeffrey Williamson FCA , for and on behalf of Townends Accountants LLP .

13. Related party transactions

The company is a wholly owned subsidiary undertaking and is therefore exempt from disclosing related party transactions with other group companies.

14. Controlling party

The company is a wholly owned subsidiary of Hollywood Investments Limited , a company registered in England whose registered office is Fulford Lodge, 1 Heslington Lane, York, YO10 4HW. The largest and smallest group in which the results of the company are consolidated is that headed by Hollywood Investments Limited . The consolidated financial statements may be obtained from 5 Eastham Place, Burnley, Lancashire, BB11 3DA. The ultimate controlling party is Andrew Wood.