Play Function Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08398998 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

FOR

PLAY FUNCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Gross

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

08398998 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

3

300

447

CURRENT ASSETS

Stocks

-

1,116

Debtors

4

21,956

21,956

Cash at bank

1,444

200

23,400

23,272

CREDITORS

Amounts falling due within one year

5

22,474

22,350

NET CURRENT ASSETS

926

922

TOTAL ASSETS LESS CURRENT LIABILITIES

1,226

1,369

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,225

1,368

SHAREHOLDERS' FUNDS

1,226

1,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 22 November 2019 and were signed by:

A Gross - Director

1.	STATUTORY INFORMATION

Play Function Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

Stocks

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

moving items.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2018

and 28 February 2019

1,435

DEPRECIATION

At 1 March 2018

988

Charge for year

147

At 28 February 2019

1,135

NET BOOK VALUE

At 28 February 2019

300

At 28 February 2018

447

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade debtors

21,956

21,956

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade creditors

6,717

6,718

Taxation and social security

142

7

Other creditors

15,615

15,625

22,474

22,350

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Gross.