Company Registration No. 05307004 (England and Wales)
PLAYSMART UK LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
PLAYSMART UK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
PLAYSMART UK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
21,314
31,971
Tangible assets
2
64,760
53,381
86,074
85,352
Current assets
Stocks
136,153
104,850
Debtors
303,881
209,841
Cash at bank and in hand
32,928
113,948
472,962
428,639
Creditors: amounts falling due within one year
(242,652)
(273,060)
Net current assets
230,310
155,579
Total assets less current liabilities
316,384
240,931
Creditors: amounts falling due after more than one year
(24,812)
(25,442)
Provisions for liabilities
(9,653)
(10,421)
281,919
205,068
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
281,819
204,968
Shareholders' funds
281,919
205,068
PLAYSMART UK LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 December 2016
A Johnston
Director
Company Registration No. 05307004
PLAYSMART UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% SL
Computer equipment
25% SL
Fixtures, fittings & equipment
25% SL
Motor vehicles
25% SL
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
PLAYSMART UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
106,571
125,799
232,370
Additions
-
34,368
34,368
At 31 March 2016
106,571
160,167
266,738
Depreciation
At 1 April 2015
74,600
72,417
147,017
Charge for the year
10,657
22,990
33,647
At 31 March 2016
85,257
95,407
180,664
Net book value
At 31 March 2016
21,314
64,760
86,074
At 31 March 2015
31,971
53,381
85,352
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
2016-03-312015-04-01falsetruetruetruetruetruetmpD650.html2016-12-22053070042015-04-012016-03-31053070042016-03-31053070042015-03-31053070042015-03-3105307004uk-bus:CompanySecretaryDirector2015-04-012016-03-3105307004uk-gaap:PlantMachinery2015-04-012016-03-3105307004uk-gaap:ComputerEquipment2015-04-012016-03-3105307004uk-gaap:FixturesFittingsToolsEquipment2015-04-012016-03-3105307004uk-gaap:MotorVehicles2015-04-012016-03-3105307004uk-bus:OrdinaryShareClass12015-04-012016-03-3105307004uk-bus:OrdinaryShareClass12016-03-3105307004uk-bus:OrdinaryShareClass12015-03-31xbrli:purexbrli:sharesiso4217:GBP
