Inplayer Limited

Inplayer Limited

INPLAYER LIMITED - Company Information

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1 January 2018 false No description of principal activity Taxfiler 2019.4.Web 07301499business:PrivateLimitedCompanyLtd2018-01-012018-12-31 073014992017-12-31 073014992018-01-012018-12-31 07301499business:AuditExemptWithAccountantsReport2018-01-012018-12-31 07301499business:FullAccounts2018-01-012018-12-31 073014992018-12-31 07301499business:Director12018-01-012018-12-31 07301499business:Director22018-01-012018-12-31 07301499business:Director32018-01-012018-12-31 07301499business:Director42018-01-012018-12-31 07301499business:Director52018-01-012018-12-31 07301499business:RegisteredOffice2018-01-012018-12-31 073014992017-12-31 07301499core:WithinOneYear2018-12-31 07301499core:WithinOneYear2017-12-31 07301499core:ShareCapital2018-12-31 07301499core:ShareCapital2017-12-31 07301499core:SharePremium2018-12-31 07301499core:SharePremium2017-12-31 07301499core:CapitalContributionReserve2018-12-31 07301499core:CapitalContributionReserve2017-12-31 07301499core:RetainedEarningsAccumulatedLosses2018-12-31 07301499core:RetainedEarningsAccumulatedLosses2017-12-31 07301499business:SmallEntities2018-01-012018-12-31 07301499countries:EnglandWales2018-01-012018-12-31 07301499core:ComputerEquipment2018-01-012018-12-31 07301499core:ComputerEquipment2017-12-31 07301499core:ComputerEquipment2018-12-31 07301499core:AdditionsToInvestments2018-12-31 07301499business:OrdinaryShareClass12018-01-012018-12-31 07301499business:OrdinaryShareClass12017-01-012017-12-31 07301499business:OrdinaryShareClass22018-01-012018-12-31 07301499business:OrdinaryShareClass22017-01-012017-12-31 07301499business:AllOrdinaryShares2018-01-012018-12-31 07301499business:AllOrdinaryShares2017-01-012017-12-31 073014992017-01-012017-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07301499 (England and Wales)
Inplayer Limited Unaudited accounts for the year ended 31 December 2018
Inplayer Limited Unaudited accounts Contents
Page
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Inplayer Limited Company Information for the year ended 31 December 2018
Directors
George Meek Tatjana Zabasu Nicolas Joseph Jean Granatino Simon Fell Declan Caufield
Company Number
07301499 (England and Wales)
Registered Office
Fora, 16-19 Eastcastle Street, Fitzrovia London W1W 8DY UK
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Inplayer Limited Statement of financial position as at 31 December 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,729 
3,772 
Investments
5
508,005 
8,005 
510,734 
11,777 
Current assets
Debtors
6
582,498 
248,172 
Cash at bank and in hand
86,135 
279,836 
668,633 
528,008 
Creditors: amounts falling due within one year
7
(1,448,695)
(594,465)
Net current liabilities
(780,062)
(66,457)
Net liabilities
(269,328)
(54,680)
Capital and reserves
Called up share capital
8
724,330 
645,590 
Share premium
3,121,605 
2,700,345 
Capital contribution reserve
207,834 
- 
Profit and loss account
(4,323,097)
(3,400,615)
Shareholders' funds
(269,328)
(54,680)
For the year ending 31 December 2018 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 10 April 2019.
George Meek Director Company Registration No. 07301499
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Inplayer Limited Notes to the Accounts for the year ended 31 December 2018
1
Statutory information
Inplayer Limited is a private company, limited by shares, registered in England and Wales, registration number 07301499. The registered office is Fora, 16-19 Eastcastle Street, Fitzrovia, London, W1W 8DY, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Investments
Investments in shares are included at fair value.
Tangible fixed assets and depreciation
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 equipment
3 Years Straight Line Basis
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised in the period to which it relates.
Research and development tax credit
Inplayer Limited have prepared a Research and Development Tax Credit claim for qualifying expenditure for the year ending 31 December 2018. The expected value of the tax refund relating to this claim is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Convertible bond
During the financial year, an arrangement was entered into on a convertible loan note due to convert in September 2019 for £909,121. The liability represents the present value of future cash flows, discounted at the market rate of interest with the assumption that no conversion option is available. The residual approach has been adopted to value the equity element as the loan amount, less the present value of future cash flows. The equity element is presented as a capital contribution on the balance sheet at the balance sheet date.
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Inplayer Limited Notes to the Accounts for the year ended 31 December 2018
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2018
30,162 
Additions
1,278 
Disposals
(24,370)
At 31 December 2018
7,070 
Depreciation
At 1 January 2018
26,390 
Charge for the year
2,172 
On disposals
(24,221)
At 31 December 2018
4,341 
Net book value
At 31 December 2018
2,729 
At 31 December 2017
3,772 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2018
8,005 
Additions
500,000 
Valuation at 31 December 2018
508,005 
6
Debtors
2018 
2017 
£ 
£ 
Trade debtors
259,329 
111,155 
Accrued income and prepayments
316,569 
136,971 
Other debtors
6,600 
46 
582,498 
248,172 
7
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Bank loans and overdrafts
3,883 
3,550 
Trade creditors
129,272 
65,114 
Taxes and social security
175,995 
73,003 
Other creditors
1,139,545 
452,798 
1,448,695 
594,465 
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Inplayer Limited Notes to the Accounts for the year ended 31 December 2018
8
Share capital
2018 
2017 
£ 
£ 
Allotted, called up and fully paid:
48,860,220 Ordinary shares of £0.01 each
488,602.20 
488,602.20 
23,572,833 Series A of £0.01 each
235,728.33 
156,988.18 
724,330.53 
645,590.38 
Shares issued during the period:
7,874,015 Series A of £0.01 each
78,740.15 
9
Average number of employees
During the year the average number of employees was 3 (2017: 3).
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