Registered number
13901135
Fundd Group Ltd
Filleted Accounts
31 January 2024
Fundd Group Ltd
Registered number: 13901135
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 122,667 -
Tangible assets 4 40,092 -
162,759 -
Current assets
Stock - 78,099
Debtors 5 144,889 -
Cash at bank and in hand 7,818 161
152,707 78,260
Creditors: amounts falling due within one year 6 (318,284) (159,657)
Net current liabilities (165,577) (81,397)
Net liabilities (2,818) (81,397)
Capital and reserves
Profit and loss account (2,818) (81,397)
(2,818) (81,397)
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 member has 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.
E Schlesinger
Director
Approved by the board on 25 July 2024
Fundd Group Ltd
Notes to the Accounts
for the period from 1 March 2023 to 31 January 2024
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).
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
Additions 122,667
At 31 January 2024 122,667
Amortisation
At 31 January 2024 -
Net book value
At 31 January 2024 122,667
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 40,092
At 31 January 2024 40,092
Depreciation
At 31 January 2024 -
Net book value
At 31 January 2024 40,092
5 Debtors 2024 2023
£ £
Trade debtors 144,889 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 78,013 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 232,680 149,989
Taxation and social security costs (7,285) (4,439)
Other creditors 14,876 14,107
318,284 159,657
7 Other information
Fundd Group Ltd is a private company limited by guarantee and incorporated in England. Its registered office is:
105 Eade Rd
London
N4 1TJ
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