General Information
Funtastic Kids Ltd is a private company, limited by shares, registered in England and Wales, registration number 09926126, registration address Unit 13, Space Business Centre, , Molly Millars Lane, Wokingham, Berkshire, RG41 2PQ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Plant and Machinery |
3 years Straight Line
|
| Fixtures and Fittings |
3 years Straight Line
|
| Computer Equipment |
3 years Straight Line
|
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
|
| 2. |
Average number of employees
Average number of employees during the year was 124 (2024 : 116).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Improvements to property |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 January 2025 |
2,646 |
|
1,257 |
|
9,672 |
|
12,775 |
|
26,350 |
| Additions |
1,020 |
|
- |
|
216 |
|
- |
|
1,236 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 31 December 2025 |
3,666 |
|
1,257 |
|
9,888 |
|
12,775 |
|
27,586 |
| Depreciation |
| At 01 January 2025 |
2,036 |
|
1,078 |
|
8,753 |
|
- |
|
11,867 |
| Charge for year |
631 |
|
122 |
|
602 |
|
- |
|
1,355 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 31 December 2025 |
2,667 |
|
1,200 |
|
9,355 |
|
- |
|
13,222 |
| Net book values |
| Closing balance as at 31 December 2025 |
999 |
|
57 |
|
533 |
|
12,775 |
|
14,364 |
| Opening balance as at 01 January 2025 |
610 |
|
179 |
|
919 |
|
12,775 |
|
14,483 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 January 2025 |
52,261 |
|
52,261 |
| Additions |
1,329 |
|
1,329 |
| Disposals |
- |
|
- |
| Revaluations |
22,333 |
|
22,333 |
| At 31 December 2025 |
75,923 |
|
75,923 |
|
| 5. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
3,000 |
|
3,000 |
|
3,000 |
|
3,000 |
|
| 6. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
27,479 |
|
15,506 |
| Prepayments & Accrued Income |
26,240 |
|
17,120 |
| Other Debtors |
5,858 |
|
6,242 |
|
59,577 |
|
38,868 |
|
| 7. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
25,703 |
|
22,135 |
| PAYE & Social Security |
26,839 |
|
3,989 |
| Accrued Expenses |
85 |
|
0 |
| Other Creditors |
2,086 |
|
1,375 |
| Directors' Current Accounts |
4,068 |
|
4,253 |
|
58,781 |
|
31,752 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
397 |
|
325 |
|
397 |
|
325 |
|
4
|