REGISTERED NUMBER: 06790527 (England and Wales)

THE PLAY PAD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Wood

Mrs J Worsfold

P M P Worsfold

SECRETARY:

Mrs J Worsfold

REGISTERED OFFICE:

Aston Way

Moss Side

Leyland

Lancashire

PR26 7UX

REGISTERED NUMBER:

06790527 (England and Wales)

ACCOUNTANTS:

Rushtons

Chartered Accountants

Shorrock House

1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

FIXED ASSETS

Tangible assets

4

16,856

25,114

CURRENT ASSETS

Stocks

1,000

5,000

Debtors

2,839

238

Cash at bank and in hand

11,580

8,979

15,419

14,217

CREDITORS

Amounts falling due within one year

87,365

79,094

NET CURRENT LIABILITIES

(71,946

)

(64,877

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(55,090

)

(39,763

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(55,190

)

(39,863

)

(55,090

)

(39,763

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 September 2018 and were signed on its behalf by:

R J Wood - Director

P M P Worsfold - Director

1.	STATUTORY INFORMATION

The Play Pad 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the

company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on a going concern basis, the validity of which

may be inappropriate as at 31 January 2018, the company's total liabilities exceeded its total

assets by £55,090. The financial statements do not include any adjustment that may result

from the company ceasing to trade. Associated company's ABC Blackpool Limited and

Archive Business Centre Limited have lent £71,164 in total to the company and have

indicated that they do not require these funds to be repaid at present.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2017 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2017

and 31 January 2018

41,286

DEPRECIATION

At 1 February 2017

16,172

Charge for year

8,258

At 31 January 2018

24,430

NET BOOK VALUE

At 31 January 2018

16,856

At 31 January 2017

25,114

5.	RELATED PARTY DISCLOSURES

At the year end the following balances were due with related parties:

£

£

Loan from ABC Blackpool Limited

20,000

20,000

Loan from Archive Business Centre Limited

51,164

20,600

Both of these loans are interest free and repayable on demand.