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Unaudited Financial Statements |
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for the Year Ended 30 June 2022 |
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for |
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Showplace Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 June 2022 |
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for |
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Showplace Limited |
Showplace Limited (Registered number: 02198991) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Showplace Limited |
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Company Information |
for the Year Ended 30 June 2022 |
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Director: |
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Registered office: |
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Registered number: |
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Accountants: |
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15 St Georges Road |
Cheltenham |
Gloucestershire |
GL50 3DT |
Showplace Limited (Registered number: 02198991) |
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Balance Sheet |
30 June 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 7 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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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. |
Showplace Limited (Registered number: 02198991) |
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Balance Sheet - continued |
30 June 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Showplace Limited (Registered number: 02198991) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2022 |
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1. | STATUTORY INFORMATION |
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Showplace Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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The policies adopted for the recognition of turnover are as follows: |
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Sale of goods |
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Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
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Rendering of services |
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When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. |
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Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Showplace Limited (Registered number: 02198991) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2022 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Showplace Limited (Registered number: 02198991) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2022 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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Cost |
At 1 July 2021 |
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Additions |
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Disposals | ( |
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At 30 June 2022 |
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Depreciation |
At 1 July 2021 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2022 |
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Net book value |
At 30 June 2022 |
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At 30 June 2021 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Hire purchase contracts and finance leases |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Showplace Limited (Registered number: 02198991) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2022 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2022 | 2021 |
£ | £ |
Hire purchase contracts and finance leases |
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Other creditors |
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8. | RELATED PARTY DISCLOSURES |
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As at the year end, the company was owed the following amounts by group members: |
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Showplace Holdings Ltd: £149,901 (2021: £149,901) |
Showplace Group Ltd: £133,000 (2021: £81,000) |
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These loans have been advanced with no fixed repayment terms and are interest free. |
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9. | ULTIMATE CONTROLLING PARTY |
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The company is a wholly owned subsidiary of Showplace Holdings Ltd, 3 Stour House, Clifford Park, Clifford Road, Stratford Upon Avon, Warwickshire, CV37 8HW registered with a registered number of 06418819. |
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The ultimate controlling party of the parent entity is Mr R Goodman, the director of Showplace Ltd. |