1 September 2023 false Taxfiler 2024.6 10004517business:PrivateLimitedCompanyLtd2023-09-012024-08-31 100045172023-08-31 100045172023-09-012024-08-31 10004517business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 10004517business:FilletedAccounts2023-09-012024-08-31 100045172024-08-31 10004517business:Director12023-09-012024-08-31 10004517business:Director22023-09-012024-08-31 10004517business:CompanySecretary12023-09-012024-08-31 10004517business:RegisteredOffice2023-09-012024-08-31 100045172023-08-31 10004517core:WithinOneYear2024-08-31 10004517core:WithinOneYear2023-08-31 10004517core:AfterOneYear2024-08-31 10004517core:AfterOneYear2023-08-31 10004517core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 10004517core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 10004517core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 10004517core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 10004517core:PreviouslyStatedAmount2024-08-31 10004517core:PreviouslyStatedAmount2023-08-31 10004517business:SmallEntities2023-09-012024-08-31 10004517countries:EnglandWales2023-09-012024-08-31 10004517core:ComputerEquipment2023-09-012024-08-31 10004517core:ComputerEquipment2023-08-31 10004517core:ComputerEquipment2024-08-31 10004517business:OrdinaryShareClass12023-09-012024-08-31 10004517business:OrdinaryShareClass12022-09-012023-08-31 100045172022-09-012023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10004517 (England and Wales)
FUNTECH LIMITED Unaudited accounts for the year ended 31 August 2024
FUNTECH LIMITED Unaudited accounts Contents
Page
- 2 -
FUNTECH LIMITED Company Information for the year ended 31 August 2024
Directors
Philip Barber Sheineez Kanani-Barber
Secretary
Philip Barber
Company Number
10004517 (England and Wales)
Registered Office
Suite 147 5 High Street Maidenhead Berkshire SL6 1JN England
- 3 -
FUNTECH LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
84,743 
158,137 
Current assets
Debtors
145,150 
162,886 
Cash at bank and in hand
96,496 
175,185 
241,646 
338,071 
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)
Net assets
38,012 
59,388 
Capital and reserves
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
- 4 -
FUNTECH LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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.
Turnover
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
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
220,182 
At 31 August 2024
220,182 
Depreciation
At 1 September 2023
62,045 
Charge for the year
73,394 
At 31 August 2024
135,439 
Net book value
At 31 August 2024
84,743 
At 31 August 2023
158,137 
- 5 -
FUNTECH LIMITED Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
145,150 
162,886 
6
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 
Accruals
83,820 
151,612 
210,422 
314,320 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
77,955 
122,500 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
9
Average number of employees
During the year the average number of employees was 57 (2023: 57).
- 6 -