REGISTERED NUMBER: 13248971 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 30 APRIL 2025

FOR

FUNBOX ENTERTAINMENT (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J F Corrigan

M Deith

S O Elkhawad

P T Williams

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

13248971 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Intangible assets

4

150,525

106,517

Tangible assets

5

6,045,737

3,220,873

6,196,262

3,327,390

CURRENT ASSETS

Stocks

144,834

118,595

Debtors

6

435,235

661,234

Cash at bank and in hand

339,875

384,602

919,944

1,164,431

CREDITORS

Amounts falling due within one year

7

8,002,472

5,282,026

NET CURRENT LIABILITIES

(7,082,528

)

(4,117,595

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(886,266

)

(790,205

)

CREDITORS

Amounts falling due after more than one year

8

-

6,698

NET LIABILITIES

(886,266

)

(796,903

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(886,366

)

(797,003

)

SHAREHOLDERS' FUNDS

(886,266

)

(796,903

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

A J F Corrigan - Director

M Deith - Director

1.	STATUTORY INFORMATION

Funbox Entertainment (UK) 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.

The accounts are prepared on the going concern basis due to the continued support of the directors.

Turnover

Turnover relates to the supply of amusement arcade machines, recognised when the service is provided or the goods change hands.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

Straight line (over 6 years)

Motor vehicles

-

Straight line (over 3 years)

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to statement of income and retained earnings over the relevant period. The capital element of future the payments is treated as a liability.

Rentals paid under operating leases are charged to statement of income and retained earnings on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates an auto-enrolment pension scheme. Contributions payable to the company's pension scheme are charged to statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 60 (2023 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

112,123

Additions

89,163

At 30 April 2025

201,286

AMORTISATION

At 1 January 2024

5,606

Charge for period

45,155

At 30 April 2025

50,761

NET BOOK VALUE

At 30 April 2025

150,525

At 31 December 2023

106,517

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

4,181,818

Additions

4,198,030

Disposals

(191,041

)

At 30 April 2025

8,188,807

DEPRECIATION

At 1 January 2024

960,945

Charge for period

1,252,895

Eliminated on disposal

(70,770

)

At 30 April 2025

2,143,070

NET BOOK VALUE

At 30 April 2025

6,045,737

At 31 December 2023

3,220,873

The net book value of tangible fixed assets includes £ 5,729 (2023 - £ 13,062 ) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

31.12.23

£

£

Trade debtors

17,708

231,624

Amounts owed by group undertakings

266,003

425,595

Other debtors

151,524

4,015

435,235

661,234

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

31.12.23

£

£

Hire purchase contracts

5,003

4,683

Trade creditors

3,823,937

1,500,031

Amounts owed to group undertakings

3,638,088

3,362,137

Taxation and social security

479,683

245,083

Other creditors

55,761

170,092

8,002,472

5,282,026

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

31.12.23

£

£

Hire purchase contracts

-

6,698

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

31.12.23

£

£

Hire purchase contracts

5,003

11,381

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

31.12.23

value:

£

£

100

Ordinary

£1

100

100