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REGISTERED NUMBER: 13710878 (England and Wales)















SALES FUNNELS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






SALES FUNNELS LIMITED (REGISTERED NUMBER: 13710878)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SALES FUNNELS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: J J Penberthy





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 13710878 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur's Court
Maidstone Road
Charing
Kent
TN27 0JS

SALES FUNNELS LIMITED (REGISTERED NUMBER: 13710878)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,502 21,710

CURRENT ASSETS
Debtors 5 199 157
Cash at bank 61,642 28,119
61,841 28,276
CREDITORS
Amounts falling due within one year 6 (65,940 ) (63,589 )
NET CURRENT LIABILITIES (4,099 ) (35,313 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

403

(13,603

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 303 (13,703 )
403 (13,603 )

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

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

The director acknowledges his 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 director and authorised for issue on 25 July 2025 and were signed by:





J J Penberthy - Director


SALES FUNNELS LIMITED (REGISTERED NUMBER: 13710878)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Sales Funnels Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 November 2023
and 31 October 2024 51,001
AMORTISATION
At 1 November 2023 29,291
Amortisation for year 17,208
At 31 October 2024 46,499
NET BOOK VALUE
At 31 October 2024 4,502
At 31 October 2023 21,710

SALES FUNNELS LIMITED (REGISTERED NUMBER: 13710878)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 100 100
VAT 99 57
199 157

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Sundry creditors 64,879 62,528
Accrued expenses 1,061 1,061
65,940 63,589

7. GOING CONCERN

Jon Penberthy Marketing Limited and Jon P Holdings Limited, companies in which the director Mr J J Penberthy is sole director and shareholder, was owed £50,000 (2022: £50,000) and £12,528 (2022: £1,000) respectively at the year end by Sales Funnels Limited. The director has confirmed there is no requirement for this debt to be settled and that all other creditors will be paid in preference to this inter company balance.