2Funky Arts Ltd Accounts






2Funky Arts Ltd

	Company No. 06044697
		Information for Filing with The Registrar
		31 March 2026

The Directors present their report and the accounts for the year ended 31 March 2026.

Principal activities
The principal activity of the company during the year under review was providing information, guidance, support and training to individuals, educational establishments.




Directors

The Directors who served at any time during the year were as follows:

V. Mistry
S. Parmar
A.D. Patel
K.N. Patel






































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

V. Mistry
Director
12 August 2026

at	31 March 2026
Company No.		06044697	Notes	2026	2025
				£	£
Fixed assets
	Intangible assets		4	982	1,310
	Tangible assets		5	7,501	10,468


				8,483	11,778
Current assets

	Debtors		6	74,762	66,653

	Cash at bank and in hand			15,888	23,031
				90,650	89,684
Creditors: Amount falling due within one year			7	(59,404)	(76,332)
Net current assets				31,246	13,352
Total assets less current liabilities				39,729	25,130
Creditors: Amounts falling due after more than one year			8	(25,166)	-
Provisions for liabilities
	Deferred taxation			(1,612)	(2,239)

Net assets				12,951	22,891

Reserves


	Income and expenditure account		9	12,951	22,891

Total equity				12,951	22,891



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's income and expenditure account.

Approved by the board on 12 August 2026 and signed on its behalf by:

V. Mistry
Director
12 August 2026

for the year ended 31 March 2026

General information

2Funky Arts Ltd is a private company limited by guarantee and incorporated in England and Wales.

Its registered number is: 06044697

Its registered office is:

119 Granby Street

Leicester

LE1 6FD

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

33% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	9	12

4	Intangible fixed assets
			Other	Total
			£	£
		Cost
		At 1 April 2025	2,060	2,060


		At 31 March 2026	2,060	2,060
		Amortisation and impairment
		At 1 April 2025	750	750
		Charge for the year	328	328


		At 31 March 2026	1,078	1,078
		Net book values
		At 31 March 2026	982	982
		At 31 March 2025	1,310	1,310

5	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 April 2025	54,463	12,127	66,590
		Additions	-	101	101



		At 31 March 2026	54,463	12,228	66,691
		Depreciation
		At 1 April 2025	49,138	6,984	56,122
		Charge for the year	1,757	1,311	3,068



		At 31 March 2026	50,895	8,295	59,190
		Net book values
		At 31 March 2026	3,568	3,933	7,501
		At 31 March 2025	5,325	5,143	10,468

6	Debtors
			2026	2025
			£	£
		Trade debtors	1,872	75
		Amounts owed by group undertakings	504	15,000


		VAT recoverable	-	4,336

		Other debtors	70,776	27,651
		Prepayments and accrued income	1,610	19,591
			74,762	66,653

7	Creditors:
		amounts falling due within one year
			2026	2025
			£	£
		Bank loans and overdrafts	1,079	5,858


		Trade creditors	14,371	6,835


		Other taxes and social security	2,991	1,860

		Other creditors	35,165	32,985
		Accruals and deferred income	5,798	28,794
			59,404	76,332

8	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£




		Amounts owed to group undertakings	25,166	-


			25,166	-

Reserves

Income and expenditure account - includes all current and prior period retained surpluses and deficits.