Company Registration No. 10004517 (England and Wales)
FUNTECH LIMITED
Unaudited accounts
for the year ended 31 August 2024
FUNTECH LIMITED
Unaudited accounts
Contents
FUNTECH LIMITED
Company Information
for the year ended 31 August 2024
Directors
Philip Barber
Sheineez Kanani-Barber
Company Number
10004517 (England and Wales)
Registered Office
Suite 147 5 High Street
Maidenhead
Berkshire
SL6 1JN
England
FUNTECH LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
84,743
158,137
Cash at bank and in hand
96,496
175,185
Creditors: amounts falling due within one year
(210,422)
(314,320)
Net current assets
31,224
23,751
Total assets less current liabilities
115,967
181,888
Creditors: amounts falling due after more than one year
(77,955)
(122,500)
Called up share capital
200
200
Profit and loss account
37,812
59,188
Shareholders' funds
38,012
59,388
For the year ending 31 August 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 28 May 2025 and were signed on its behalf by
Sheineez Kanani-Barber
Director
Company Registration No. 10004517
FUNTECH LIMITED
Notes to the Accounts
for the year ended 31 August 2024
FUNTECH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10004517. The registered office is Suite 147 5 High Street, Maidenhead, Berkshire, SL6 1JN, England.
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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.
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.
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:
Computer equipment
33.33% on straight line method
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Tangible fixed assets
Computer equipment
At 1 September 2023
220,182
At 1 September 2023
62,045
Charge for the year
73,394
FUNTECH LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
4,036
17,215
Accrued income and prepayments
3,148
4,447
Other debtors
137,966
141,224
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,745
5,062
Taxes and social security
73,522
81,285
Other creditors
50,335
76,361
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Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
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Average number of employees
During the year the average number of employees was 57 (2023: 57).