Playgroundsquad UK Limited - Period Ending 2016-08-31

Registration number: 08649273

Playgroundsquad UK Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

Moffatt & Co
Chartered Accountants
Progress House
396 Wilmslow Road
Withington
Manchester
M20 3BN

Playgroundsquad UK Limited
(Registration number: 08649273)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					-			33,214
Current assets
Debtors					282,469			115,302
Cash at bank and in hand					10,381			18,550
					292,850			133,852
Creditors: Amounts falling due within one year					(63,452)			(143,356)
Net current assets/(liabilities)					229,398			(9,504)
Total assets less current liabilities					229,398			23,710
Creditors: Amounts falling due after more than one year					(246,035)			(78,738)
Net liabilities					(16,637)			(55,028)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(16,737)			(55,128)
Shareholders' deficit					(16,637)			(55,028)

For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 2 December 2016

.........................................
Mr Carl Magnus Rudolf Bjorkman
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Playgroundsquad UK Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Other grants

Revenue based grants are to be recognised in the profit and loss account in the same period as the expenditure to which the grant relates.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	50% Straight Line Basis
Fixtures and Fittings	50% Straight Line Basis

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Playgroundsquad UK Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2015		130,414			130,414
Disposals		(18,056)			(18,056)
At 31 August 2016		112,358			112,358
Depreciation
At 1 September 2015		97,200			97,200
Charge for the year		33,214			33,214
Eliminated on disposals		(18,056)			(18,056)
At 31 August 2016		112,358			112,358
Net book value
At 31 August 2016		-			-
At 31 August 2015		33,214			33,214

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

4

Control

The company is controlled by Tension Graphics AB , a company registered in Sweden.

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