IRIS Accounts Production v24.3.0.553 03996401 director 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039964012023-05-31039964012024-05-31039964012023-06-012024-05-31039964012022-05-31039964012022-06-012023-05-31039964012023-05-3103996401ns15:EnglandWales2023-06-012024-05-3103996401ns14:PoundSterling2023-06-012024-05-3103996401ns10:Director12023-06-012024-05-3103996401ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3103996401ns10:SmallEntities2023-06-012024-05-3103996401ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3103996401ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3103996401ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3103996401ns10:AbridgedAccounts2023-06-012024-05-310399640112023-06-012024-05-3103996401ns10:CompanySecretary12023-06-012024-05-3103996401ns10:RegisteredOffice2023-06-012024-05-3103996401ns5:CurrentFinancialInstruments2024-05-3103996401ns5:CurrentFinancialInstruments2023-05-3103996401ns5:Non-currentFinancialInstruments2024-05-3103996401ns5:Non-currentFinancialInstruments2023-05-3103996401ns5:ShareCapital2024-05-3103996401ns5:ShareCapital2023-05-3103996401ns5:RetainedEarningsAccumulatedLosses2024-05-3103996401ns5:RetainedEarningsAccumulatedLosses2023-05-3103996401ns5:NetGoodwill2023-06-012024-05-3103996401ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3103996401ns5:PlantMachinery2023-06-012024-05-31039964011ns10:Director12023-05-31039964011ns10:Director12022-05-31039964011ns10:Director12023-06-012024-05-31039964011ns10:Director12022-06-012023-05-31039964011ns10:Director12024-05-31039964011ns10:Director12023-05-31
REGISTERED NUMBER: 03996401 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Function Junction Limited

Function Junction Limited (Registered number: 03996401)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Function Junction Limited

Company Information
for the year ended 31 May 2024







DIRECTOR: N D Robinson





SECRETARY:





REGISTERED OFFICE: 27 Old Gloucester Street
London
WC1N3AX





REGISTERED NUMBER: 03996401 (England and Wales)





ACCOUNTANTS: Hatcher Hughes Limited
Cassidy House
Station Road
Chester
Cheshire
CH1 3DW

Function Junction Limited (Registered number: 03996401)

Abridged Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 976 1,588
976 1,588

CURRENT ASSETS
Debtors 7,735 4,971
Cash at bank 1,865 4,037
9,600 9,008
CREDITORS
Amounts falling due within one year 538 684
NET CURRENT ASSETS 9,062 8,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,038

9,912

CREDITORS
Amounts falling due after more than one year 12,000 13,200
NET LIABILITIES (1,962 ) (3,288 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,062 ) (3,388 )
SHAREHOLDERS' FUNDS (1,962 ) (3,288 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Function Junction Limited (Registered number: 03996401)

Abridged Statement of Financial Position - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





N D Robinson - Director


Function Junction Limited (Registered number: 03996401)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Function Junction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Function Junction Limited (Registered number: 03996401)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 3,744
AMORTISATION
At 1 June 2023
and 31 May 2024 3,744
NET BOOK VALUE

At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 16,075
DEPRECIATION
At 1 June 2023 14,487
Charge for year 612
At 31 May 2024 15,099
NET BOOK VALUE
At 31 May 2024 976
At 31 May 2023 1,588

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
N D Robinson
Balance outstanding at start of year 4,875 5,984
Amounts advanced 2,644 4,875
Amounts repaid - (5,984 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,519 4,875