FUNDA Education & Childcare Ltd 30/09/2024 iXBRL

Company registration number: 6637373

FUNDA Education & Childcare Ltd

Unaudited filleted financial statements

30 September 2024

FUNDA Education & Childcare Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

FUNDA Education & Childcare Ltd

Directors and other information


	Director	K J Fletcher


	Company number	6637373


	Registered office	Northlight Offices
		Northlight Parade
		Brierfield
		Lancashire
		BB9 5EG


	Accountants	Turner and Brown Limited
		105 Garstang Road
		Preston
		Lancs
		PR1 1LD

FUNDA Education & Childcare Ltd

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of FUNDA Education & Childcare Ltd

Year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FUNDA Education & Childcare Ltd for the year ended 30 September 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of FUNDA Education & Childcare Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of FUNDA Education & Childcare Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FUNDA Education & Childcare Ltd and its director as a body for our work or for this report.

It is your duty to ensure that FUNDA Education & Childcare Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of FUNDA Education & Childcare Ltd. You consider that FUNDA Education & Childcare Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of FUNDA Education & Childcare Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Turner and Brown Limited

Chartered Accountants

105 Garstang Road

Preston

Lancs

PR1 1LD

FUNDA Education & Childcare Ltd

Statement of financial position

30 September 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	241,311		155,931
		_______		_______
			241,311		155,931

Current assets
Debtors	6	179,939		213,733
Cash at bank and in hand		3,290		8,236
		_______		_______
		183,229		221,969
Creditors: amounts falling due
within one year	7	( 146,076)		( 161,246)
		_______		_______
Net current assets			37,153		60,723
			_______		_______
Total assets less current liabilities			278,464		216,654

Creditors: amounts falling due
after more than one year	8		( 105,226)		( 135,217)

Provisions for liabilities			( 60,328)		( 13,302)

			_______		_______
Net assets			112,910		68,135
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			112,909		68,134
			_______		_______
Shareholder funds			112,910		68,135
			_______		_______

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 11 September 2025 , and are signed on behalf of the board by:

K J Fletcher

Director

Company registration number: 6637373

FUNDA Education & Childcare Ltd

Notes to the financial statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Northlight Offices, Northlight Parade, Brierfield, Lancashire, BB9 5EG.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is recognised net of any applicable VAT and discounts. Turnover from services is recognised as and when the services are performed. Where the income relates to provision of services over an acedemic year this income is recognised in line with the terms delivered and is recognised evenly over that term time. Income is relation to sale is good is recognised when goods are dispatched and legal and beneficial ownership has been transferred to the customer.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25% reducing balance (33.33% straight line on computer equipment)
Motor vehicles	-	25% reducing balance
Software	-	See below (Currently no depreciation)

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 24 (2023: 24 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Software	Total
	£	£	£	£
Cost
At 1 October 2023	89,159	66,800	102,723	258,682
Additions	16,565	-	86,766	103,331
	_______	_______	_______	_______
At 30 September 2024	105,724	66,800	189,489	362,013
	_______	_______	_______	_______
Depreciation
At 1 October 2023	59,894	42,858	-	102,752
Charge for the year	11,964	5,986	-	17,950
	_______	_______	_______	_______
At 30 September 2024	71,858	48,844	-	120,702
	_______	_______	_______	_______
Carrying amount
At 30 September 2024	33,866	17,956	189,489	241,311
	_______	_______	_______	_______
At 30 September 2023	29,265	23,942	102,723	155,930
	_______	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	121,088	140,101
Amounts owed by group undertakings	51,957	62,956
Other debtors	6,894	10,676
	_______	_______
	179,939	213,733
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	42,705	25,232
Trade creditors	573	-
Social security and other taxes	7,679	7,401
Other creditors	95,119	128,613
	_______	_______
	146,076	161,246
	_______	_______

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	105,226	134,519
Other creditors	-	698
	_______	_______
	105,226	135,217
	_______	_______

9. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	K J Fletcher	( 23,949)	36,554	( 13,549)	( 944)
		_______	_______	_______	_______

	These loans were interest free and repayable on demand.

10. Related party transactions

In the year the company advanced amounts to and incurred costs on behalf of a fellow group company totalling £51,957. As a result this was the toal amount due and in recorded within amounts owed by group undertakings. This has reduced in the year due to the surrender of Corporation Tax losses from the fellow group company which has reduced the company's Corporation Tax liability to nil.

11. Controlling party

The company is controlled by FUNDA Group Ltd a company incorporated in England under registration number 13849586.