Playfiveaside Ltd - Accounts to registrar (filleted) - small 23.2.5

Playfiveaside Ltd - Accounts to registrar (filleted) - small 23.2.5

PLAYFIVEASIDE LTD - Company Information

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REGISTERED NUMBER: 06959898 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 July 2023

for

Playfiveaside Ltd
Playfiveaside Ltd (Registered number: 06959898)






Contents of the Financial Statements
for the Year Ended 30 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Playfiveaside Ltd

Company Information
for the Year Ended 30 July 2023







DIRECTOR: Mr N Pandit





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 06959898 (England and Wales)





Page 1
Playfiveaside Ltd (Registered number: 06959898)

Balance Sheet
30 July 2023

30.7.23 30.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 969 1,140

CURRENT ASSETS
Debtors 5 253,510 284,887
Cash at bank 222,817 156,483
476,327 441,370
CREDITORS
Amounts falling due within one year 6 122,925 120,436
NET CURRENT ASSETS 353,402 320,934
TOTAL ASSETS LESS CURRENT
LIABILITIES
354,371
322,074

CREDITORS
Amounts falling due after more than one
year
7
117,810
189,194
NET ASSETS 236,561 132,880

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 236,061 132,380
236,561 132,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2023 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 notes form part of these financial statements

Page 2 continued...
Playfiveaside Ltd (Registered number: 06959898)

Balance Sheet - continued
30 July 2023


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 18 March 2024 and were signed by:





Mr N Pandit - Director


The notes form part of these financial statements

Page 3
Playfiveaside Ltd (Registered number: 06959898)

Notes to the Financial Statements
for the Year Ended 30 July 2023

1. STATUTORY INFORMATION

Playfiveaside 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.
Office Equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Page 4 continued...
Playfiveaside Ltd (Registered number: 06959898)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2023

4. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 31 July 2022
and 30 July 2023 4,926
DEPRECIATION
At 31 July 2022 3,786
Charge for year 171
At 30 July 2023 3,957
NET BOOK VALUE
At 30 July 2023 969
At 30 July 2022 1,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 30.7.22
£    £   
Value added tax 18,598 -
Prepayments and accrued income 234,912 284,887
253,510 284,887

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 30.7.22
£    £   
Bank loans and overdrafts 76,198 73,975
Corporation tax 24,053 -
Social security and other taxes 5,938 5,829
Value added tax - 11,379
Director's current account 16,736 29,253
122,925 120,436

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.7.23 30.7.22
£    £   
Bank loans 117,810 189,194

Page 5