Funny Money Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04858327 (England and Wales)

Financial Statements for the Year Ended 31 March 2019

for

Funny Money Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T M Dauncey

Mrs P A Dauncey

SECRETARY:

T M Dauncey

REGISTERED OFFICE:

4 Kentish Gardens

Tunbridge Wells

Kent

TN2 5XU

REGISTERED NUMBER:

04858327 (England and Wales)

FIXED ASSETS

Tangible assets

3

673

873

CURRENT ASSETS

Debtors

4

-

1,000

Cash at bank

28,686

34,718

28,686

35,718

CREDITORS

Amounts falling due within one year

5

3,714

3,346

NET CURRENT ASSETS

24,972

32,372

TOTAL ASSETS LESS CURRENT LIABILITIES

25,645

33,245

CAPITAL AND RESERVES

Called up share capital

50,300

50,300

Retained earnings

(24,655

)

(17,055

)

SHAREHOLDERS' FUNDS

25,645

33,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 December 2019 and were signed on its behalf by:

T M Dauncey - Director

1.	STATUTORY INFORMATION

Funny Money 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Plant and Machinery 25%

Computer Equipment 33%

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, 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 year 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

9,855

DEPRECIATION

At 1 April 2018

8,982

Charge for year

200

At 31 March 2019

9,182

NET BOOK VALUE

At 31 March 2019

673

At 31 March 2018

873

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

-

1,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

195

190

Taxation and social security

58

58

Other creditors

3,461

3,098

3,714

3,346

6.	ULTIMATE CONTROLLING PARTY

The controlling party is T M Dauncey.