2023-03-012024-03-312024-03-31false14696804FUNPUNCH ORG 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FUNPUNCH ORG LTD

Registered Number
14696804
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

FUNPUNCH ORG LTD
Company Information
for the period from 1 March 2023 to 31 March 2024

Directors

BONAL, Timothee Nicolas, Theo
MASERA, Pavle
SLLAMNIKU, Nart

Registered Address

82a 82a James Carter Road
Mildenhall
Bury St. Edmunds
IP28 7DE

Registered Number

14696804 (England and Wales)
FUNPUNCH ORG LTD
Balance Sheet as at
31 March 2024

Notes

2024

£

£

Called up share capital not paid3
Fixed assets
Tangible assets33,855
3,855
Current assets
Stocks411,064
Debtors30,739
Cash at bank and on hand13,825
55,628
Creditors amounts falling due within one year5(35,650)
Net current assets (liabilities)19,981
Total assets less current liabilities23,836
Net assets23,836
Capital and reserves
Called up share capital3
Profit and loss account23,833
Shareholders' funds23,836
The financial statements were approved and authorised for issue by the Board of Directors on 26 November 2024, and are signed on its behalf by:
BONAL, Timothee Nicolas, Theo
Director
Registered Company No. 14696804
FUNPUNCH ORG LTD
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue 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 transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
2.Average number of employees

2024
Average number of employees during the year0
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions4,2064,206
At 31 March 244,2064,206
Depreciation and impairment
Charge for year351351
At 31 March 24351351
Net book value
At 31 March 243,8553,855
At 28 February 23--
4.Stocks

2024

£
Finished goods11,064
Total11,064
5.Creditors: amounts due within one year

2024

£
Bank borrowings and overdrafts3,615
Taxation and social security19,685
Other creditors12,350
Total35,650
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
SAVELJIC, Alexander06,61306,613
SLLAMNIKU, Nart04,21304,213
MASERA, Pavle02,67802,678
BONAL, Timothee Nicolas, Theo07,90807,908
021,412021,412