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Company Registration No. 11105111 (England and Wales)
Funky Fones Ltd Unaudited accounts for the year ended 29 February 2024
Funky Fones Ltd Unaudited accounts Contents
Page
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Funky Fones Ltd Company Information for the year ended 29 February 2024
Directors
Moasab HABIB Moasab HABIB
Company Number
11105111 (England and Wales)
Registered Office
Funky Phones 307 Victoria Market Nottingham Nottinghamshire NG1 3PT England
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Funky Fones Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,497 
10,362 
Current assets
Inventories
22,380 
20,150 
Debtors
4,805 
10,724 
Cash at bank and in hand
1,665 
651 
28,850 
31,525 
Creditors: amounts falling due within one year
(6,620)
(1,183)
Net current assets
22,230 
30,342 
Total assets less current liabilities
30,727 
40,704 
Creditors: amounts falling due after more than one year
- 
(15,913)
Net assets
30,727 
24,791 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
30,726 
24,790 
Shareholders' funds
30,727 
24,791 
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by
Moasab HABIB Director Company Registration No. 11105111
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Funky Fones Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Funky Fones Ltd is a private company, limited by shares, registered in England and Wales, registration number 11105111. The registered office is Funky Phones, 307 Victoria Market, Nottingham, Nottinghamshire, NG1 3PT, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
18%
Plant & machinery
18%
Motor vehicles
18%
Fixtures & fittings
18%
Computer equipment
18%
Other tangible fixed assets
18%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
12,636 
At 29 February 2024
12,636 
Depreciation
At 1 March 2023
2,274 
Charge for the year
1,865 
At 29 February 2024
4,139 
Net book value
At 29 February 2024
8,497 
At 28 February 2023
10,362 
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Funky Fones Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,527 
Accrued income and prepayments
4,805 
1,700 
Other debtors
- 
4,497 
4,805 
10,724 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,581 
1,099 
Taxes and social security
- 
84 
Accruals
4,039 
- 
6,620 
1,183 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
15,913 
8
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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