1 October 2022 false No description of principal activity Taxfiler 2024.5 SC475064business:PrivateLimitedCompanyLtd2022-10-012023-09-30 SC4750642022-09-30 SC4750642022-10-012023-09-30 SC475064business:AuditExempt-NoAccountantsReport2022-10-012023-09-30 SC475064business:FilletedAccounts2022-10-012023-09-30 SC4750642023-09-30 SC475064business:Director12022-10-012023-09-30 SC475064business:Director22022-10-012023-09-30 SC475064business:CompanySecretary12022-10-012023-09-30 SC475064business:RegisteredOffice2022-10-012023-09-30 SC4750642022-09-30 SC475064core:WithinOneYear2023-09-30 SC475064core:WithinOneYear2022-09-30 SC475064core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC475064core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 SC475064core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC475064core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 SC475064core:PreviouslyStatedAmount2023-09-30 SC475064core:PreviouslyStatedAmount2022-09-30 SC475064business:SmallEntities2022-10-012023-09-30 SC475064countries:Scotland2022-10-012023-09-30 SC475064core:PlantMachinery2022-10-012023-09-30 SC475064core:ComputerEquipment2022-10-012023-09-30 SC475064core:PlantMachinery2022-09-30 SC475064core:ComputerEquipment2022-09-30 SC475064core:PlantMachinery2023-09-30 SC475064core:ComputerEquipment2023-09-30 SC475064business:OrdinaryShareClass12022-10-012023-09-30 SC475064business:OrdinaryShareClass12021-10-012022-09-30 SC4750642021-10-012022-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC475064 (Scotland)
Fantoush Ltd Unaudited accounts for the year ended 30 September 2023
Fantoush Ltd Unaudited accounts Contents
Page
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Fantoush Ltd Company Information for the year ended 30 September 2023
Directors
Aemilia Eileen Magee Smoor Simon Sumner
Secretary
Aemilia Eileen Magee Smoor
Company Number
SC475064 (Scotland)
Registered Office
4 South Trinity Road Edinburgh Midlothian EH5 3NR Scotland
Accountants
Allsquare (Edinburgh) Ltd Federation House 222-224 Queensferry Road Edinburgh EH4 2BN
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Fantoush Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,138 
2,277 
Current assets
Inventories
21,791 
64,144 
Debtors
- 
1,950 
Cash at bank and in hand
72,066 
9,268 
93,857 
75,362 
Creditors: amounts falling due within one year
(54,906)
(43,674)
Net current assets
38,951 
31,688 
Total assets less current liabilities
40,089 
33,965 
Provisions for liabilities
Deferred tax
(216)
(433)
Net assets
39,873 
33,532 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
39,872 
33,531 
Shareholders' funds
39,873 
33,532 
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 18 August 2024 and were signed on its behalf by
Aemilia Eileen Magee Smoor Director Company Registration No. SC475064
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Fantoush Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Fantoush Ltd is a private company, limited by shares, registered in Scotland, registration number SC475064. The registered office is 4 South Trinity Road, Edinburgh, Midlothian, EH5 3NR, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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:
Plant & machinery
33% straight line
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Fantoush Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
300 
4,132 
4,432 
At 30 September 2023
300 
4,132 
4,432 
Depreciation
At 1 October 2022
300 
1,855 
2,155 
Charge for the year
- 
1,139 
1,139 
At 30 September 2023
300 
2,994 
3,294 
Net book value
At 30 September 2023
- 
1,138 
1,138 
At 30 September 2022
- 
2,277 
2,277 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,950 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
9,344 
- 
Taxes and social security
14,672 
14,230 
Other creditors
78 
- 
Loans from directors
29,562 
28,304 
Accruals
1,250 
1,140 
54,906 
43,674 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
8
Transactions with related parties
Included in Loans from Directors is the amount of £29,562 (2022: £28,304) due to the directors Aemilia Smoor and Simon Sumner, from the company. The loan is interest free and has no fixed terms for repayment.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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