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REGISTERED NUMBER: 05284109












SERIOUSLY FUN DIRECT LTD

Unaudited Financial Statements

for the Year Ended 31 July 2024






SERIOUSLY FUN DIRECT LTD (REGISTERED NUMBER: 05284109)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SERIOUSLY FUN DIRECT LTD

Company Information
for the Year Ended 31 July 2024







Directors: P E Madden
J L Madden
J Madden





Registered office: Np-105,
ICentre Howard Way
Interchange Park
Newport Pagnell
MK16 9PY





Registered number: 05284109





Accountants: Michael Price Associates Ltd
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

SERIOUSLY FUN DIRECT LTD (REGISTERED NUMBER: 05284109)

Balance Sheet
31 July 2024

31/7/24 31/7/23
Notes £    £   
Current assets
Debtors 4 10,520 24,000
Cash at bank 196 138
10,716 24,138
Creditors
Amounts falling due within one year 5 14,420 21,585
Net current (liabilities)/assets (3,704 ) 2,553
Total assets less current liabilities (3,704 ) 2,553

Creditors
Amounts falling due after more than one
year

6

15,042

18,011
Net liabilities (18,746 ) (15,458 )

Capital and reserves
Called up share capital 99 99
Retained earnings (18,845 ) (15,557 )
(18,746 ) (15,458 )

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

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

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2025 and were signed on its behalf by:





J L Madden - Director


SERIOUSLY FUN DIRECT LTD (REGISTERED NUMBER: 05284109)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. Statutory information

Seriously Fun Direct Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern
The directors will continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Debtors: amounts falling due within one year
31/7/24 31/7/23
£    £   
Amounts owed by associates 10,520 -
Other debtors - 24,000
10,520 24,000

5. Creditors: amounts falling due within one year
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 2,902 2,752
Trade creditors - 2
Amounts owed to associates 8,768 17,881
Accruals and deferred income 2,750 950
14,420 21,585

SERIOUSLY FUN DIRECT LTD (REGISTERED NUMBER: 05284109)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. Creditors: amounts falling due after more than one year
31/7/24 31/7/23
£    £   
Bank loans 15,042 18,011

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 7,002

7. Going concern

The accounts have been prepared on a going concern basis assuming continued support from the company's directors.