Acorah Software Products - Accounts Production 19.4.351 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 14339156 Mr Sean Schofield Mrs Nicola Schofield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14339156 2025-01-31 14339156 2026-01-31 14339156 2025-02-01 2026-01-31 14339156 frs-core:CurrentFinancialInstruments 2026-01-31 14339156 frs-core:BetweenOneFiveYears 2026-01-31 14339156 frs-core:WithinOneYear 2026-01-31 14339156 frs-core:ShareCapital 2026-01-31 14339156 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 14339156 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 14339156 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 14339156 frs-bus:SmallEntities 2025-02-01 2026-01-31 14339156 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 14339156 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 14339156 frs-bus:Director1 2025-02-01 2026-01-31 14339156 frs-bus:Director2 2025-02-01 2026-01-31 14339156 frs-countries:EnglandWales 2025-02-01 2026-01-31 14339156 2024-01-31 14339156 2025-01-31 14339156 2024-02-01 2025-01-31 14339156 frs-core:CurrentFinancialInstruments 2025-01-31 14339156 frs-core:BetweenOneFiveYears 2025-01-31 14339156 frs-core:WithinOneYear 2025-01-31 14339156 frs-core:ShareCapital 2025-01-31 14339156 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31
Registered number: 14339156
Planet Play (Crediton) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14339156
2026 2025
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 5,918 3,084
5,918 3,084
Creditors: Amounts Falling Due Within One Year 5 (4,282 ) (1,751 )
NET CURRENT ASSETS (LIABILITIES) 1,636 1,333
TOTAL ASSETS LESS CURRENT LIABILITIES 1,636 1,333
NET ASSETS 1,636 1,333
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 1,536 1,233
SHAREHOLDERS' FUNDS 1,636 1,333
For the year ending 31 January 2026 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sean Schofield
Director
29 April 2026
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Planet Play (Crediton) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14339156 . The registered office is 138 High Street, Crediton, Devon, EX17 3DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.4. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.6. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Debtors
2026 2025
£ £
Due within one year
Prepayments and accrued income 5 2,237
Other debtors 5,913 847
5,918 3,084
5. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 1,067 -
Corporation tax 125 156
Accruals and deferred income 2,124 941
Directors' loan accounts 966 654
4,282 1,751
6. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2026 2025
£ £
Not later than one year 27,500 27,500
Later than one year and not later than five years 43,542 71,042
71,042 98,542
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8. Related Party Transactions
During the year ended 31 January 2026 the company has transacted with a connected company. The companies are connected by virtue of common directors and shareholders. The transactions are considered to be at market rates. At the year end, 31 January 2026, £5,913 (2025: £847) was owed by the connected company. This amount is interest free and repayable on demand. It is included within debtors due within one year.
At the year end, 31 January 2026, the company owed directors £966 (2025: £654) in respect of loans held with the company. These amounts are interest free and repayable on demand.
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