Playgroundsquad UK Limited - Period Ending 2014-08-31

Registration number: 08649273

Playgroundsquad UK Limited

Unaudited Abbreviated Accounts

for the Period from 13 August 2013 to 31 August 2014

 

Moffatt & Co
Chartered Accountants
Progress House
396 Wilmslow Road
Withington
Manchester
M20 3BN

Playgroundsquad UK Limited
(Registration number: 08649273)
Abbreviated Balance Sheet at 31 August 2014

		Note			31 August 2014 £
Fixed assets
Tangible fixed assets					78,396
Current assets
Debtors					67,832
Cash at bank and in hand					14
					67,846
Creditors: Amounts falling due within one year					(123,907)
Net current liabilities					(56,061)
Total assets less current liabilities					22,335
Creditors: Amounts falling due after more than one year					(17,527)
Net assets					4,808
Capital and reserves
Called up share capital		3			100
Profit and loss account					4,708
Shareholders' funds					4,808

For the year ending 31 August 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 14 January 2015

.........................................
Mr Magnus Rudolf Bjorkman
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Playgroundsquad UK Limited
Notes to the Abbreviated Accounts for the Period from 13 August 2013 to 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Other grants

Revenue based grants are to be recognised in the profit and loss account in the same period as the expenditure to which the grant relates.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	50% Straight Line Basis

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Playgroundsquad UK Limited
Notes to the Abbreviated Accounts for the Period from 13 August 2013 to 31 August 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		110,389			110,389
At 31 August 2014		110,389			110,389
Depreciation
Charge for the period		31,993			31,993
At 31 August 2014		31,993			31,993
Net book value
At 31 August 2014		78,396			78,396

3	Share capital

Allotted, called up and fully paid shares

	31 August 2014
		No.			£
Ordinary Shares of £1 each		100			100

4

Control

The company is controlled by Tension Graphics AB , a company registered in Sweden.

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