Company Registration No. 11212339 (England and Wales)
Fantasy Island Toys and Gifts Limited
Unaudited accounts
for the year ended 28 February 2023
Fantasy Island Toys and Gifts Limited
Unaudited accounts
Contents
Fantasy Island Toys and Gifts Limited
Company Information
for the year ended 28 February 2023
Company Number
11212339 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Herts.
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Fantasy Island Toys and Gifts Limited
Statement of financial position
as at 28 February 2023
Tangible assets
2,928
3,694
Cash at bank and in hand
986
13,145
Creditors: amounts falling due within one year
(10,654)
(9,875)
Net current (liabilities)/assets
(6,179)
5,385
Total assets less current liabilities
(3,251)
9,079
Creditors: amounts falling due after more than one year
(12,108)
(16,221)
Net liabilities
(15,359)
(7,142)
Called up share capital
100
100
Profit and loss account
(15,459)
(7,242)
Shareholders' funds
(15,359)
(7,142)
For the year ending 28 February 2023 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 15 November 2023 and were signed on its behalf by
Mr P. Doherty
Director
Company Registration No. 11212339
Fantasy Island Toys and Gifts Limited
Notes to the Accounts
for the year ended 28 February 2023
Fantasy Island Toys and Gifts Limited is a private company, limited by shares, registered in England and Wales, registration number 11212339. The registered office is 103 High Street, Waltham Cross, Herts. , EN8 7AN .
2
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.
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
10% straight line basis
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
3,816
1,152
4,968
At 28 February 2023
3,816
1,152
4,968
At 1 March 2022
1,018
256
1,274
Charge for the year
382
384
766
At 28 February 2023
1,400
640
2,040
At 28 February 2023
2,416
512
2,928
At 28 February 2022
2,798
896
3,694
Fantasy Island Toys and Gifts Limited
Notes to the Accounts
for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
642
972
Other creditors
1,080
2,040
Loans from directors
7,822
5,783
6
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company was under the control of Ms S. Winstanley throughout the current year. Ms S. Winstanley is personally interested in 100% of the company's share capital.
Ms S. Winstanley did not receive a dividend from the company during the year.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).