Escape Play Limited - Accounts to registrar (filleted) - small 23.2.5

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

ESCAPE PLAY LIMITED

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTOR:

Mr Z A Malik

SECRETARY:

Mr Z A Malik

REGISTERED OFFICE:

6 Pentrich Road

Giltbrook Industrial Park

Giltbrook

Nottinghamshire

NG16 2UZ

REGISTERED NUMBER:

06615342 (England and Wales)

ACCOUNTANTS:

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

The director presents his report with the financial statements of the company for the year ended 31 December 2022.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of an activity centre for children.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR

Mr Z A Malik held office during the whole of the period from 1 January 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr Z A Malik - Secretary

26 July 2023

FIXED ASSETS

Tangible assets

5

261,027

110,897

CURRENT ASSETS

Stocks

6

20,497

15,896

Debtors

7

455,858

313,427

Cash at bank and in hand

200

29,380

476,555

358,703

CREDITORS

Amounts falling due within one year

8

627,722

421,195

NET CURRENT LIABILITIES

(151,167

)

(62,492

)

TOTAL ASSETS LESS CURRENT LIABILITIES

109,860

48,405

CREDITORS

Amounts falling due after more than one year

9

41,152

58,691

NET ASSETS/(LIABILITIES)

68,708

(10,286

)

CAPITAL AND RESERVES

Called up share capital

12

255,583

205,583

Retained earnings

(186,875

)

(215,869

)

SHAREHOLDERS' FUNDS

68,708

(10,286

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 and authorised for issue on 26 July 2023 and were signed by:

Mr Z A Malik - Director

1.	STATUTORY INFORMATION

Escape Play Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The accounts have been prepared on a going concern basis, the validity of which is dependent upon the continuing support of the company's directors and creditors.

Tangible fixed assets

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

Land and buildings

-

Straight line over 10 years

Plant and machinery etc

-

20% on reducing balance, 10% on reducing balance and Straight line over 3 years

Stocks

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2021 - 21 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2022

209,871

256,965

466,836

Additions

-

175,244

175,244

At 31 December 2022

209,871

432,209

642,080

DEPRECIATION

At 1 January 2022

181,639

174,300

355,939

Charge for year

8,313

16,801

25,114

At 31 December 2022

189,952

191,101

381,053

NET BOOK VALUE

At 31 December 2022

19,919

241,108

261,027

At 31 December 2021

28,232

82,665

110,897

6.

STOCKS

31.12.22

31.12.21

£

£

Stocks

20,497

15,896

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

8,572

8,732

Other debtors

397,491

240,616

VAT

-

28

Prepayments and accrued income

45,000

45,000

Prepayments

4,795

19,051

455,858

313,427

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts

3,453

-

Other loans

11,138

19,257

Hire purchase contracts (see note 10)

6,402

6,402

Trade creditors

220,233

90,862

Social security and other taxes

2,484

1,865

VAT

20,934

-

Other creditors

70,307

67,081

Directors' current accounts

244,580

232,321

Accrued expenses

48,191

3,407

627,722

421,195

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Other loans - 1-2 years

5,340

11,138

Other loans - 2-5 years

16,019

16,019

Other loans more 5yrs instal

12,905

18,245

Hire purchase contracts (see note 10)

6,888

13,289

41,152

58,691

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

12,905

18,245

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.22

31.12.21

£

£

Net obligations repayable:

Within one year

6,402

6,402

Between one and five years

6,888

13,289

13,290

19,691

Non-cancellable operating

leases

31.12.22

31.12.21

£

£

Between one and five years

105,000

165,000

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.22

31.12.21

£

£

Bank overdraft

3,453

-

Other loans

45,402

64,659

Hire purchase contracts

13,290

19,691

62,145

84,350

The loans are secured by way of a debenture over the assets and trade of the business.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

255,583

Ordinary shares

£1

255,583

205,583

13.	POST BALANCE SHEET EVENTS

On the 24th July 2023, Directors Loan account balances totalling £96,417 were converted into Ordinary Shares. The impact on the Companys Balance Sheet was to reduce current liabilities by £96,417 and increase the ordinary issued share capital to £352,000.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Escape Play Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Escape Play Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Escape Play Limited and state those matters that we have agreed to state to the director of Escape Play Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Escape Play Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Escape Play Limited. You consider that Escape Play Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Escape Play Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

Date: .............................................