Funville Limited - Filleted accounts

Registered number

07655790

Funville Limited

Filleted Accounts

31 December 2024

Funville Limited
Registered number:			07655790
Balance Sheet
as at 31 December 2024

Notes		31/12/24			30/6/24
£					£
Fixed assets
Tangible assets	3			84,978			92,307

Current assets
Debtors	4		590,560			598,185
Cash at bank and in hand			43,709			66,860
			634,269			665,045

Creditors: amounts falling due within one year	5		(88,909)			(67,072)

Net current assets				545,360			597,973

Total assets less current liabilities				630,338			690,280

Creditors: amounts falling due after more than one year	6			(628,082)			(674,883)



Net assets				2,256			15,397

Capital and reserves
Called up share capital				1			1
Profit and loss account				2,255			15,396

Shareholder's funds				2,256			15,397

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Andrew Stringer
Director
Approved by the board on 22 March 2025

Funville Limited
Notes to the Accounts
for the period from 1 July 2024 to 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			31/12/24	30/6/24
Number					Number

	Average number of persons employed by the company			4		5


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 July 2024	8,100		134,838		142,938
	Additions	-		3,653		3,653
	At 31 December 2024	8,100		138,491		146,591

	Depreciation
	At 1 July 2024	-		50,631		50,631
	Charge for the period	-		10,982		10,982
	At 31 December 2024	-		61,613		61,613

	Net book value
	At 31 December 2024	8,100		76,878		84,978
	At 30 June 2024	8,100		84,207		92,307


4	Debtors			31/12/24	30/6/24
£					£

	Trade debtors			1,250		8,875
	Other debtors			589,310		589,310
				590,560		598,185


5	Creditors: amounts falling due within one year			31/12/24	30/6/24
£					£

	Taxation and social security costs			16,007		4,802
	Other creditors			72,902		62,270
				88,909		67,072


6	Creditors: amounts falling due after one year			31/12/24	30/6/24
£					£

	Bank loans			14,322		19,270
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			46,500		94,498
	Other creditors			567,260		561,115
				628,082		674,883


7	Other information

	Funville Limited is a private company limited by shares and incorporated in England. Its registered office is:
	12a Montpellier Parade
	Harrogate
	North Yorkshire
	HG1 2TJ