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Registered Number: 09926126
England and Wales

 

 

 

FUNTASTIC KIDS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Directors Louise Holloway
Marcus Holloway
Registered Number 09926126
Registered Office Unit 13, Space Business Centre,
Molly Millars Lane
Wokingham
Berkshire
RG41 2PQ
1
Director's report and financial statements
The directors present her annual report and the financial statements for the year ended 31 December 2023.
Principal activities
Principal activity of the company during the financial year was of provision of children's holiday camps. 
Directors
The directors who served the company throughout the year were as follows:
Louise Holloway
Marcus Holloway

This report was approved by the board and signed on its behalf by:


----------------------------------
Louise Holloway
Director

Date approved: 25 March 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 16,081    9,589 
Investments 4 100,000    100,000 
116,081    109,589 
Current assets      
Stocks 5 2,000    1,500 
Debtors 6 40,096    33,964 
Cash at bank and in hand 23,370    110,662 
65,466    146,126 
Creditors: amount falling due within one year 7 (26,460)   (38,371)
Net current assets 39,006    107,755 
 
Total assets less current liabilities 155,087    217,344 
Provisions for liabilities 8 (568)   (437)
Net assets 154,519    216,907 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 154,419    216,807 
Shareholder's funds 154,519    216,907 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 25 March 2024 and were signed on its behalf by:


-------------------------------
Louise Holloway
Director
3
General Information
Funtastic Kids Ltd is a private company, limited by shares, registered in England and Wales, registration number 09926126, registration address Unit 13, Space Business Centre, , Molly Millars Lane, Wokingham, Berkshire, RG41 2PQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 3 years
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years



Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
2.

Average number of employees


Average number of employees during the year was 122 (2022 : 111).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Improvements to property   Total
  £   £   £   £   £
At 01 January 2023 1,134    890    8,947    6,900    17,871 
Additions 1,512    367      5,875    7,754 
Disposals        
At 31 December 2023 2,646    1,257    8,947    12,775    25,625 
Depreciation
At 01 January 2023 594    297    6,434      7,325 
Charge for year 707    362    1,150      2,219 
On disposals        
At 31 December 2023 1,301    659    7,584      9,544 
Net book values
Closing balance as at 31 December 2023 1,345    598    1,363    12,775    16,081 
Opening balance as at 01 January 2023 540    593    1,556    6,900    9,589 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2023 100,000    100,000 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 100,000    100,000 

5.

Stocks

2023
£
  2022
£
Stocks 2,000    1,500 
2,000    1,500 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 30,950    26,065 
Prepayments & Accrued Income 4,257    5,326 
Taxation recoverable 4,889    2,573 
40,096    33,964 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 14,371    9,691 
Social Security and Other Tax 3,916    21,438 
Accrued Expenses 3,750    3,500 
Other Creditors 907    812 
Directors' Current Accounts 3,516    2,930 
26,460    38,371 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 568    437 
568    437 

4