Company Registration No. 09828157 (England and Wales)
Funsolve Limited
Unaudited accounts
for the year ended 31 October 2024
Funsolve Limited
Unaudited accounts
Contents
Funsolve Limited
Company Information
for the year ended 31 October 2024
Company Number
09828157 (England and Wales)
Registered Office
Suite 3B & 3c Davy Court
Castle Mound Way
Rugby
CV23 0UZ
Accountants
Cube Accounting Limited
Suite 3B & 3C, Davy Court
Castle Mound Way
Rugby
Warwickshire
CV23 0UZ
Funsolve Limited
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
97,214
98,436
Creditors: amounts falling due within one year
(1,706)
(1,659)
Net current assets
95,508
96,777
Total assets less current liabilities
96,178
97,670
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
96,048
97,498
Shareholders' funds
96,050
97,500
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 January 2025 and were signed on its behalf by
Richard Tawn
Director
Company Registration No. 09828157
Funsolve Limited
Notes to the Accounts
for the year ended 31 October 2024
Funsolve Limited is a private company, limited by shares, registered in England and Wales, registration number 09828157. The registered office is Suite 3B & 3c Davy Court, Castle Mound Way, Rugby, CV23 0UZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Funsolve Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2023
15,511
720
16,231
At 31 October 2024
15,511
720
16,231
At 1 November 2023
14,898
440
15,338
Charge for the year
153
70
223
At 31 October 2024
15,051
510
15,561
At 31 October 2024
460
210
670
At 31 October 2023
613
280
893
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
778
688
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).