Fundd Group Ltd |
Notes to the Accounts |
for the period from 1 March 2023 to 31 January 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Debtors |
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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. |
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Creditors |
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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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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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Additions |
122,667 |
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At 31 January 2024 |
122,667 |
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Amortisation |
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At 31 January 2024 |
- |
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Net book value |
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At 31 January 2024 |
122,667 |
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Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
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4 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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Additions |
40,092 |
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At 31 January 2024 |
40,092 |
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Depreciation |
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At 31 January 2024 |
- |
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Net book value |
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At 31 January 2024 |
40,092 |
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5 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
144,889 |
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- |
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6 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
78,013 |
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- |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
232,680 |
|
149,989 |
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Taxation and social security costs |
(7,285) |
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(4,439) |
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Other creditors |
14,876 |
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14,107 |
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318,284 |
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159,657 |
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7 |
Other information |
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Fundd Group Ltd is a private company limited by guarantee and incorporated in England. Its registered office is: |
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105 Eade Rd |
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London |
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N4 1TJ |