Company Registration No. SC475064 (Scotland)
Fantoush Ltd
Unaudited accounts
for the year ended 30 September 2023
Fantoush Ltd
Unaudited accounts
Contents
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
Fantoush Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
1,138
2,277
Cash at bank and in hand
72,066
9,268
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
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
Fantoush Ltd
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
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 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 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.
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
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
At 30 September 2023
-
1,138
1,138
At 30 September 2022
-
2,277
2,277
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
14,672
14,230
Loans from directors
29,562
28,304
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).