Registered number 05883722
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Whickham Playzone Ltd
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Report and Accounts 31 December 2020
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» Telford & Co «
» Chartered Certified Accountants «
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» 102 Easedale Gardens Gateshead NE9 6LY «
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; Whickham Playzone Ltd
ss Registered number: 05883722
F Directors’ Report
TAT LT TT TT TR en SSSA ATE ERE
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The directors present their report and accounts for the year ended 31 December 2020.
Statement of Directors’ Responsibilities
The directors are responsible for preparing the Directors’ Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair viewof the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
Select suitable accounting policies and then apply them consistently;
Make judgments and accounting estimates that are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The following persons served as directors during the year:
Mrs Tracey Johnston
Mrs julie Casey
Mrs Lena Pratt
Mr William Wigham
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 24 March 2021 and signed by its order.
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Qnn Hate
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Mrs L Pratt 24 March 2021 Director
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SERE I I I I EE TT ET TT RR a I
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Whickham Playzone Ltd
Report to the directors on the preparation of the unaudited statutory accounts of Whickham Playzone Ltd for the year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Whickham Playzone Ltd for the year ended 31 December 2020 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Tedford & Co
Chartered Certified Accountants 102 Easedale Gardens Gateshead Tyne & Wear NE9 6LY
24 March 2021
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Whickham Playzone Ltd Profit and Loss Account for the year ended 31 December 2020
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|2020|2019|
|£|£|
|Turnover|50,712|82,191|
|Cost|of|sales|(3,864)|(4,314)|
|Gross|profit|46,848|77,877|
|Administrative|expenses|(55,749)|(56,082)|
|Other|operating|income|25,726|-|
|Operating|profit|16,825|21,795|
|Interest|receivable|16|41|
|Profit|on|ordinary|activities|before|taxation|16,841|21,836|
|Tax|on|profit|on|ordinary|activities|-|-|
|Profit|for the|financial|year|16,841|21,836|
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Whickham Playzone Ltd Registered number: Balance Sheet as at 31 December 2020
05883722
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|Notes|2020|2019|
|£|£|
|FixedTangibleassets assets|2|39,321|30,260|
|DebtorsCurrent assets|3|-|7,083|
|Cash at bank and in hand|153,538|133,615|
|153,538|140,698|
|Creditors: amounts falling due|
|within one|year|4|(9,607)|(4,547)|
|Net current assets|143,931|“436,152|
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|Net assets|183,252|166,411|
|CapitalProfit and and loss reserves account|183,252|166,411|
|Shareholders’ funds|183,252|166,411|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs T Johnston Director
Mrs L Pratt Director
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Whickham Playzone Ltd Statement of Changes in Equity for the year ended 31 December 2020
| Share | Share | Re- | Profit | Total | |
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| capital | premium _ valuation | and loss | |||
| reserve | account | ||||
| £ | £ | £ | £ | £ | |
| At 1January 2019 | - | - | - | 144,575 | 144,575 |
| Profit for the financial year | 21,836 | 21,836 | |||
| At 31 December 2019 | - | - | - | 166,411 | 166,411 |
| At 1January2020 | - | - | - | 166,411 | 166,411 |
| Profitforthe financial year | 16,841 | 16,841 | |||
| At31December2020 | - | - | - | 183,252 | 183,252 |
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Whickham Playzone Ltd Notes to the Accounts for the year ended 31 December 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings over 50 years Motor vehicles 25% reducing balance Plant and machinery 15% reducing balance Fixtures, fittings, tools and equipment 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Whickham Playzone Ltd Notes to the Accounts for the year ended 31 December 2020
2 ‘Tangible fixed assets
| 2 | ‘Tangible fixed assets | |||
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| Plant and | ||||
| machinery | ||||
| etc | ||||
| £ | ||||
| Cost | ||||
| At 1January 2020 | 45,145 | |||
| Additions | 16,000 | |||
| At 31 December 2020 | 61,145 | |||
| Depreciation | ||||
| At 1January 2020 | 14,885 | |||
| Charge for the year | —__— | 6,939_ | ||
| At 31 December 2020 | 21,824 | |||
| Net book value | ||||
| At 31 December 2020 | 39,321 | |||
| At 31 December 2019 | 30,260 | |||
| 3 | Debtors | 2020 | 2019 | |
| £ | £ | |||
| Other debtors | - | 7,083 | ||
| 4 | Creditors: amounts fallingdue within one year | 2020 | 2019 | |
| £ | £ | |||
| Other taxes and social security costs | 1,647 | 1,500 | ||
| Other creditors | 7,960 | 3,047 | ||
| 9,607 | 4,547 |
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| Whickham Playzone Ltd | ||||
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| Detailed profit and loss | account | |||
| fortheyearended 31 December SS a |
2020 Sat |
enSS | TT | |
| 2020 | 2019 | |||
| £ | £ | |||
| Sales | 50,712 | 82,191 | ||
| Cost ofsales | (3,864) | (4,314) | ||
| Gross profit | 46,848 | 77,877 | ||
| Administrative expenses | (55,749) | (56,082) | ||
| Other operating income | 25,726 | - | ||
| Operating profit | 16,825 | 21,795 | ||
| Interest receivable | 16 | 41 | ||
| Profitbeforetax | 16,841 | 21,836 |
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Whickham Playzone Ltd Detailed profit and loss account for the year ended 31 December 2020
| 2020 | 2019 | |
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| £ | £ | |
| Sales | ||
| Sales | 50,712 | 82,191 |
| Cost of sales | ||
| Subsistance | 861 | 989 |
| Resource Costs | 3,003 | 3,325 |
| 3,864 | 4,314 | |
| Administrative expenses | ||
| Employee costs: | ||
| Wages and salaries | 35,562 | 39,240 |
| 35,562 | 39,240 | |
| Premises costs: | ||
| Rent | 8,500 | 6,959 |
| Light and heat | 1,219 | 1,203 |
| 9,719 | 8,162 | |
| General administrative expenses: | ||
| Telephone and fax | 614 | 602 |
| Insurance | 741 | 1,236 |
| Repairs and maintenance | 1,590 | 435 |
| Depreciation | 6,939 | 5,343 |
| Sundry expenses | 344 | 824 |
| 10,228 | 8,440 | |
| Legal and professional costs: | ||
| Accountancy fees | 240 | 240 |
| 240 | 240 | |
| 55,749 | 56,082 | |
| Otheroperating income | ||
| Otheroperatingincome | 25,726 | - |
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