Registered number
13942558
FUNIC TECH LIMITED
Filleted Accounts
28 February 2025

FUNIC TECH LIMITED
Registered number: | 13942558
Balance Sheet
as at 28 February 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Current assets
Cash at bank and in hand |  |  | 7,910 |  |  | 4,321
Creditors: amounts falling due within one year | 3 |  | (4,256) |  |  | (1,884)
Net current assets |  |  |  | 3,654 |  |  | 2,437
Total assets less current liabilities |  |  |  | 3,654 |  |  | 2,437
Creditors: amounts falling due after more than one year | 4 |  |  | (271) |  |  | -
Net assets |  |  |  | 3,383 |  |  | 2,437
Capital and reserves
Called up share capital |  |  |  | 1 |  |  | 1
Profit and loss account |  |  |  | 3,382 |  |  | 2,436
Shareholders' funds |  |  |  | 3,383 |  |  | 2,437
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Sanjeev Singh
Director
Approved by the board on 24 April 2025

FUNIC TECH LIMITED
Notes to the Accounts
for the year ended 28 February 2025
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.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant and machinery | over 5 years
| Fixtures, fittings, tools and equipment | over 5 years
| 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.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 1 |  | 1
3 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 400 |  | 1,000
| Taxation and social security costs | 222 |  | 85
| Other creditors | 3,634 |  | 799
|  |  |  |  |  | 4,256 |  | 1,884
4 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Other creditors | 271 |  | -
5 | Other information
| FUNIC TECH LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
| 148 Cromwell Road
| Hounslow
| Middlesex
| TW3 3QS

FUNIC TECH LIMITED 13942558 false 2024-03-01 2025-02-28 2025-02-28 VT Final Accounts July 2024 Mr Sanjeev Singh No description of principal activity 13942558 2023-03-01 2024-02-29 13942558 core:WithinOneYear 2024-02-29 13942558 core:AfterOneYear 2024-02-29 13942558 core:ShareCapital 2024-02-29 13942558 core:RetainedEarningsAccumulatedLosses 2024-02-29 13942558 2024-03-01 2025-02-28 13942558 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13942558 bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13942558 bus:Director40 2024-03-01 2025-02-28 13942558 1 2024-03-01 2025-02-28 13942558 2 2024-03-01 2025-02-28 13942558 countries:England 2024-03-01 2025-02-28 13942558 bus:FRS102 2024-03-01 2025-02-28 13942558 bus:FilletedAccounts 2024-03-01 2025-02-28 13942558 2025-02-28 13942558 core:WithinOneYear 2025-02-28 13942558 core:AfterOneYear 2025-02-28 13942558 core:ShareCapital 2025-02-28 13942558 core:RetainedEarningsAccumulatedLosses 2025-02-28 13942558 2024-02-29 iso4217:GBP xbrli:pure