Playtonic Limited - Accounts to registrar (filleted) - small 18.2
Playtonic Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2019 |
| for |
| Playtonic Limited |
| Playtonic Limited (Registered number: 09172538) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Playtonic Limited |
| Company Information |
| for the Year Ended 31 October 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 6 Lichfield Street |
| Burton-on-Trent |
| Staffordshire |
| DE14 3RD |
| Playtonic Limited (Registered number: 09172538) |
| Balance Sheet |
| 31 October 2019 |
| 31.10.19 | 31.10.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| Playtonic Limited (Registered number: 09172538) |
| Balance Sheet - continued |
| 31 October 2019 |
| 31.10.19 | 31.10.18 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Playtonic Limited (Registered number: 09172538) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2019 |
| 1. | STATUTORY INFORMATION |
| Playtonic Limited is a |
| 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 |
| Preparation of consolidated financial statements |
| The financial statements contain information about Playtonic Limited as an individual company and do |
| not contain consolidated financial information as the parent of a group. The company is exempt under |
| Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial |
| statements. |
| Turnover |
| Turnover is recognised at the fair value of the consideration received or receivable for goods and |
| services provided in the normal course of business, and is shown net of VAT and other sales related |
| taxes. |
| Royalties are recognised in the period in which they are earned as designated in the contract. |
| Intangible assets: trademarks |
| Trademarks have been capitalised at cost and amortised on a straight line basis over their useful |
| economic life of ten years. |
| Intangible assets: development costs |
| Development costs have been capitalised at cost and amortised on a straight line basis over their useful |
| economic life of two years. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Playtonic Limited (Registered number: 09172538) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Work in progress |
| Work in progress includes costs incurred in respect of projects where the outcome cannot be estimated |
| reliably but the belief exists that payments will ultimately be received for the work undertaken in excess |
| of these costs incurred. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in |
| equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
| enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
| expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
| that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's |
| pension scheme are charged to profit or loss in the period to which they relate. |
| Video game tax credits |
| Video game tax credits have only been recognised where management believe that a tax credit will be |
| recoverable based on their experience of obtaining the relevant gaming certificates and the success of |
| similar historic claims. |
| Debtors and creditors |
| Short term debtors are measured at transaction price less any impairment. Any losses arising from |
| impairment are recognised in profit or loss. |
| Short term creditors are measured at transaction price. |
| Playtonic Limited (Registered number: 09172538) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Leasing |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease |
| term, unless the rental payments are structured to increase in line with expected general inflation, in |
| which case the company recognises annual rent expense equal to amounts owed to the lessor. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 November 2018 |
| Additions |
| At 31 October 2019 |
| AMORTISATION |
| At 1 November 2018 |
| Charge for year |
| At 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| Playtonic Limited (Registered number: 09172538) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 November 2018 |
| Additions |
| At 31 October 2019 |
| DEPRECIATION |
| At 1 November 2018 |
| Charge for year |
| At 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| Additions |
| At 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.19 | 31.10.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Playtonic Limited (Registered number: 09172538) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2019 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.19 | 31.10.18 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.10.19 | 31.10.18 |
| £ | £ |
| Within one year |
| Between one and five years |