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Logo On Report
Registered Number: 06144990
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 March 2025

for

FUN ON WHEELS UK LTD

Director Terry Bassingthwaighte
Registered Number 06144990
Registered Office 22 Micklemere Drive
Ixworth
Bury St Edmunds
IP31 2UJ
Accountants Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
1
  2025   2024
    £ £   £ £
Fixed assets   20,905      27,874 
Current assets 33,778      34,936   
Creditors: amount falling due within one year (4,418)     (5,675)  
Net current assets   29,360      29,261 
Total assets less current liabilities   50,265      57,135 
Creditors: amount falling due after more than one year   (20,257)     (25,393)
Net assets   30,008      31,742 
 

         
Capital and reserves   30,008      31,742 
 
NOTES TO THE ACCOUNTS

General Information
Fun on Wheels UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 06144990, registration address 22 Micklemere Drive, Ixworth, Bury St Edmunds, IP31 2UJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company has withstood the challenges of COVID-19, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 April 2024 31,003    31,003 
Additions  
Disposals  
At 31 March 2025 31,003    31,003 
Depreciation
At 01 April 2024 3,129    3,129 
Charge for year 6,969    6,969 
On disposals  
At 31 March 2025 10,098    10,098 
Net book values
Closing balance as at 31 March 2025 20,905    20,905 
Opening balance as at 01 April 2024 27,874    27,874 


3.

Average number of employees

Average number of employees during the year was 1 (2024 : 1).

4.

Related parties

During the year the company entered into the following transactions with related parties:
Amount due from/to related party Provision for doubtful debt from the related party
2025
£
 2024
£
 2025
£
 2024
£
Terry Bassingthwaighte(4,568)(9,584)

An interest free loan existed from the director to the company

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 02 June 2025 and were signed by:


--------------------------------
Terry Bassingthwaighte
Director
2