Company Registration No. 12083008 (England and Wales)
Funky Vibes Limited
Unaudited accounts
for the year ended 31 July 2021
Funky Vibes Limited
Unaudited accounts
Contents
Funky Vibes Limited
Company Information
for the year ended 31 July 2021
Company Number
12083008 (England and Wales)
Registered Office
THE BARN
PYE ROAD
HESWALL
CH60 0DB
UNITED KINGDOM
Accountants
KLAS ACCOUNTANTS LTD
Eastham Hall
109, Eastham Village Road
Eastham
Wirral
CH62 0AF
Funky Vibes Limited
Statement of financial position
as at
31 July 2021
Cash at bank and in hand
251
469
Creditors: amounts falling due within one year
(13,961)
(6,913)
Net current assets
2,675
5,006
Profit and loss account
4,861
4,996
Shareholders' funds
4,871
5,006
For the year ending 31 July 2021 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 January 2022 and were signed on its behalf by
M Pollard
Director
Company Registration No. 12083008
Funky Vibes Limited
Notes to the Accounts
for the year ended 31 July 2021
Funky Vibes Limited is a private company, limited by shares, registered in England and Wales, registration number 12083008. The registered office is THE BARN, PYE ROAD, HESWALL, CH60 0DB, UNITED KINGDOM.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance Method
Computer equipment
20% Reducing Balance Method
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
406
2,339
2,745
At 31 July 2021
406
2,339
2,745
Charge for the year
81
468
549
At 31 July 2021
81
468
549
At 31 July 2021
325
1,871
2,196
Funky Vibes Limited
Notes to the Accounts
for the year ended 31 July 2021
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
14,489
10,770
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
9,000
-
Trade creditors
4,489
4,370
Taxes and social security
437
1,175
Loans from directors
35
1,368
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Average number of employees
During the year the average number of employees was 1 (2020: 1).