2022-04-012023-03-312023-03-31false06731768CHANTASTIC LIMITED2023-10-18iso4217:GBPxbrli:pure067317682022-04-01067317682023-03-31067317682022-04-012023-03-31067317682021-04-01067317682022-03-31067317682021-04-012022-03-3106731768bus:SmallEntities2022-04-012023-03-3106731768bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3106731768bus:FullAccounts2022-04-012023-03-3106731768bus:PrivateLimitedCompanyLtd2022-04-012023-03-3106731768core:WithinOneYear2023-03-3106731768core:AfterOneYear2023-03-3106731768core:WithinOneYear2022-03-3106731768core:AfterOneYear2022-03-3106731768core:ShareCapital2023-03-3106731768core:SharePremium2023-03-3106731768core:RevaluationReserve2023-03-3106731768core:OtherReservesSubtotal2023-03-3106731768core:RetainedEarningsAccumulatedLosses2023-03-3106731768core:ShareCapital2022-03-3106731768core:SharePremium2022-03-3106731768core:RevaluationReserve2022-03-3106731768core:OtherReservesSubtotal2022-03-3106731768core:RetainedEarningsAccumulatedLosses2022-03-3106731768core:LandBuildings2023-03-3106731768core:PlantMachinery2023-03-3106731768core:Vehicles2023-03-3106731768core:FurnitureFittings2023-03-3106731768core:OfficeEquipment2023-03-3106731768core:NetGoodwill2023-03-3106731768core:IntangibleAssetsOtherThanGoodwill2023-03-3106731768core:ListedExchangeTraded2023-03-3106731768core:UnlistedNon-exchangeTraded2023-03-3106731768core:LandBuildings2022-03-3106731768core:PlantMachinery2022-03-3106731768core:Vehicles2022-03-3106731768core:FurnitureFittings2022-03-3106731768core:OfficeEquipment2022-03-3106731768core:NetGoodwill2022-03-3106731768core:IntangibleAssetsOtherThanGoodwill2022-03-3106731768core:ListedExchangeTraded2022-03-3106731768core:UnlistedNon-exchangeTraded2022-03-3106731768core:LandBuildings2022-04-012023-03-3106731768core:PlantMachinery2022-04-012023-03-3106731768core:Vehicles2022-04-012023-03-3106731768core:FurnitureFittings2022-04-012023-03-3106731768core:OfficeEquipment2022-04-012023-03-3106731768core:NetGoodwill2022-04-012023-03-3106731768core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106731768core:ListedExchangeTraded2022-04-012023-03-3106731768core:UnlistedNon-exchangeTraded2022-04-012023-03-3106731768core:MoreThanFiveYears2022-04-012023-03-3106731768core:Non-currentFinancialInstruments2023-03-3106731768core:Non-currentFinancialInstruments2022-03-3106731768dpl:CostSales2022-04-012023-03-3106731768dpl:DistributionCosts2022-04-012023-03-3106731768dpl:AdministrativeExpenses2022-04-012023-03-3106731768core:LandBuildings2022-04-012023-03-3106731768core:PlantMachinery2022-04-012023-03-3106731768core:Vehicles2022-04-012023-03-3106731768core:FurnitureFittings2022-04-012023-03-3106731768core:OfficeEquipment2022-04-012023-03-3106731768core:NetGoodwill2022-04-012023-03-3106731768core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106731768dpl:GroupUndertakings2022-04-012023-03-3106731768dpl:ParticipatingInterests2022-04-012023-03-3106731768dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3106731768core:ListedExchangeTraded2022-04-012023-03-3106731768dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3106731768core:UnlistedNon-exchangeTraded2022-04-012023-03-3106731768dpl:CostSales2021-04-012022-03-3106731768dpl:DistributionCosts2021-04-012022-03-3106731768dpl:AdministrativeExpenses2021-04-012022-03-3106731768core:LandBuildings2021-04-012022-03-3106731768core:PlantMachinery2021-04-012022-03-3106731768core:Vehicles2021-04-012022-03-3106731768core:FurnitureFittings2021-04-012022-03-3106731768core:OfficeEquipment2021-04-012022-03-3106731768core:NetGoodwill2021-04-012022-03-3106731768core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3106731768dpl:GroupUndertakings2021-04-012022-03-3106731768dpl:ParticipatingInterests2021-04-012022-03-3106731768dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3106731768core:ListedExchangeTraded2021-04-012022-03-3106731768dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3106731768core:UnlistedNon-exchangeTraded2021-04-012022-03-3106731768core:NetGoodwill2023-03-3106731768core:IntangibleAssetsOtherThanGoodwill2023-03-3106731768core:LandBuildings2023-03-3106731768core:PlantMachinery2023-03-3106731768core:Vehicles2023-03-3106731768core:FurnitureFittings2023-03-3106731768core:OfficeEquipment2023-03-3106731768core:AfterOneYear2023-03-3106731768core:WithinOneYear2023-03-3106731768core:ListedExchangeTraded2023-03-3106731768core:UnlistedNon-exchangeTraded2023-03-3106731768core:ShareCapital2023-03-3106731768core:SharePremium2023-03-3106731768core:RevaluationReserve2023-03-3106731768core:OtherReservesSubtotal2023-03-3106731768core:RetainedEarningsAccumulatedLosses2023-03-3106731768core:NetGoodwill2022-03-3106731768core:IntangibleAssetsOtherThanGoodwill2022-03-3106731768core:LandBuildings2022-03-3106731768core:PlantMachinery2022-03-3106731768core:Vehicles2022-03-3106731768core:FurnitureFittings2022-03-3106731768core:OfficeEquipment2022-03-3106731768core:AfterOneYear2022-03-3106731768core:WithinOneYear2022-03-3106731768core:ListedExch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CHANTASTIC LIMITED

Registered Number
06731768
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

CHANTASTIC LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

HUSSAIN, Adam Jamal, Dr
HUSSAIN, Isaac, Dr
HUSSAIN, Jacqueline

Registered Address

216 Allerton Road
Mossley Hill
Liverpool
L18 6JN

Registered Number

06731768 (England and Wales)
CHANTASTIC LIMITED
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets7-217,572
Tangible assets841,81817,275
41,818234,847
Current assets
Stocks91,8001,800
Debtors10868,102485,215
Cash at bank and on hand377,11644,653
1,247,018531,668
Creditors amounts falling due within one year11(1,141,004)(715,585)
Net current assets (liabilities)106,014(183,917)
Total assets less current liabilities147,83250,930
Provisions for liabilities12(6,848)(1,945)
Net assets140,98448,985
Capital and reserves
Called up share capital100100
Profit and loss account140,88448,885
Shareholders' funds140,98448,985
The financial statements were approved and authorised for issue by the Board of Directors on 18 October 2023, and are signed on its behalf by:
HUSSAIN, Adam Jamal, Dr
Director
HUSSAIN, Jacqueline
Director

Registered Company No. 06731768
CHANTASTIC LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
3.Principal activities
The principal activity of the company during the year was that of a dental practice.
4.Basis of measurement used in financial statements
The financial statements have been prepared on the historical cost basis.
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling, which is the functional currency of the entity.
Property, plant and equipment policy
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Straight line (years)
Plant and machinery5
Office Equipment3
Intangible assets policy
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Stocks policy
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.
Revenue recognition policy
The revenue shown in the profit and loss account represents income receivable from dental treatments carried out during the period. Revenue in respect of dental treatment uncompleted at the year end date is recognised by reference to the state of completion.
Taxation policy
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amount of tax expected to pay or recover using the tax rates and laws that have been enacted, or substantively enacted, at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
Going concern
Following the challenges arising as a consequence of the Covid-19 pandemic in 2020/21, more latterly the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company’s trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it, and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
6.Employee information

20232022
Average number of employees during the year2726
7.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 222,250,0002,250,000
At 31 March 232,250,0002,250,000
Amortisation and impairment
At 01 April 222,032,4282,032,428
Charge for year217,572217,572
At 31 March 232,250,0002,250,000
Net book value
At 31 March 23--
At 31 March 22217,572217,572
8.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 April 22202,5795,362207,941
Additions31,2348,02839,262
At 31 March 23233,81313,390247,203
Depreciation and impairment
At 01 April 22184,9695,697190,666
Charge for year12,0702,64914,719
At 31 March 23197,0398,346205,385
Net book value
At 31 March 2336,7745,04441,818
At 31 March 2217,610(335)17,275
9.Stocks

2023

2022

££
Raw materials and consumables1,8001,800
Total1,8001,800
10.Debtors

2023

2022

££
Trade debtors / trade receivables202,468185,215
Amounts owed by group undertakings665,634300,000
Total868,102485,215
11.Creditors within one year

2023

2022

££
Trade creditors / trade payables104,55696,961
Taxation and social security26,71460,805
Other creditors1,005,594554,520
Accrued liabilities and deferred income4,1403,299
Total1,141,004715,585
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)6,8481,945
Total6,8481,945