PLAYCATION LIMITED - Filleted accounts

PLAYCATION LIMITED - Filleted accounts

PLAYCATION LIMITED - Company Information

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Registered number
09225481
PLAYCATION LIMITED
Filleted Accounts
30 September 2020
PLAYCATION LIMITED
Registered number: 09225481
Balance Sheet
as at 30 September 2020
Notes 2020 2019
£ £
Fixed assets
Tangible assets 3 - 5,400
Current assets
Debtors 4 2,798 579
Cash at bank and in hand 1,106 1,298
3,904 1,877
Creditors: amounts falling due within one year 5 (145,916) (150,769)
Net current liabilities (142,012) (148,892)
Net liabilities (142,012) (143,492)
Capital and reserves
Called up share capital 1 1
Profit and loss account (142,013) (143,493)
Shareholders' funds (142,012) (143,492)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MG Barlow
Director
Approved by the board on 24 June 2021
PLAYCATION LIMITED
Notes to the Accounts
for the year ended 30 September 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2020 2019
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2019 60,836
Disposals (60,836)
At 30 September 2020 -
Depreciation
At 1 October 2019 55,436
On disposals (55,436)
At 30 September 2020 -
Net book value
At 30 September 2020 -
At 30 September 2019 5,400
4 Debtors 2020 2019
£ £
Trade debtors 2,219 -
Other debtors 579 579
2,798 579
5 Creditors: amounts falling due within one year 2020 2019
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 145,169 150,569
Taxation and social security costs 347 -
Other creditors 400 200
145,916 150,769
5 Related party transactions
The company was under the control of Mr M Barlow throughout the current year through his
interest in the parent company Keetoms Holding Limited
Included in other crititors are loans of £145169 (2019 £150569) from Keetons Holdings Limited.
The loans are unsecured not interest bearing and repayable on demand.
7 Directors advances, creditors and guarantees
Included on other debtors are loans of £463 (2019) £463 to Mr M Barlow, a director. The loans are
non interest bearing, unsecured and repayable on demand.
6 Other information
PLAYCATION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1 Keetons Hill
Sheffield
South Yorkshire
S2 4NW
The parent company is Keetons Holdings Limited, a company registered in the United Kingdom.
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