| Registered Number:10941837 |
For the year ended 30 September 2024
England and Wales
Report of the Directors and Unaudited Financial Statements
For the year ended 30 September 2024
Funserts Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Funserts Ltd
Statement of Financial Position
2023
2024
-
1,626
| Trade and other receivables |
5,402
-
2
1,202
| Cash and cash equivalents |
1,846
3,472
6,604
| Trade and other payables: amounts falling due within one |
| year |
(6,603)
(10,915)
3
1
(7,443)
Net current liabilities
| Total assets less current liabilities |
(7,443)
1
(7,443)
Net assets/liabilities
1
1
1
(7,444)
-
(7,443)
1
Shareholders' funds
| For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Michael Levesley Director |
| These financial statements were approved and authorised for issue by the Board on 19 June 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 September 2024
Funserts Ltd
Notes to the Financial Statements
Statutory Information
| Funserts Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 10941837. |
Omega Court
Second Floor, 368 Cemetery Road
Sheffield
S11 8FT
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the sales amounts received, excluding discounts, rebates, value added tax or other similar sales taxes. |
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Debtors and Creditors
| Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transcation price. |
| Any losses arising from impairment are recognised in the statement of comprehensive income within administrative |
| expenses. |
Impairment
| At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the |
| individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the |
| assest cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds |
| its recoverable amount, an impairment loss is recognised in the statement of comprehensive income. |
| 2. Trade and other receivables |
2023
2024
-
5,402
| 3. Trade and other payables: amounts falling due within one year |
2023
2024
10,915
6,603
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For the year ended 30 September 2024
Funserts Ltd
Notes to the Financial Statements Continued
| 4. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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