2023-02-012024-01-312024-01-31false12388694FANTELI LTD2024-10-30iso4217:GBPxbrli:pure123886942023-02-01123886942024-01-31123886942023-02-012024-01-31123886942022-02-01123886942023-01-31123886942022-02-012023-01-3112388694bus:SmallEntities2023-02-012024-01-3112388694bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3112388694bus:FullAccounts2023-02-012024-01-3112388694bus:PrivateLimitedCompanyLtd2023-02-012024-01-3112388694core:WithinOneYear2024-01-3112388694core:AfterOneYear2024-01-3112388694core:WithinOneYear2023-01-3112388694core:AfterOneYear2023-01-3112388694core:ShareCapital2024-01-3112388694core:SharePremium2024-01-3112388694core:RevaluationReserve2024-01-3112388694core:OtherReservesSubtotal2024-01-3112388694core:RetainedEarningsAccumulatedLosses2024-01-3112388694core:ShareCapital2023-01-3112388694core:SharePremium2023-01-3112388694core:RevaluationReserve2023-01-3112388694core:OtherReservesSubtotal2023-01-3112388694core:RetainedEarningsAccumulatedLosses2023-01-3112388694core:LandBuildings2024-01-3112388694core:PlantMachinery2024-01-3112388694core:Vehicles2024-01-3112388694core:FurnitureFittings2024-01-3112388694core:OfficeEquipment2024-01-3112388694core:NetGoodwill2024-01-3112388694core:IntangibleAssetsOtherThanGoodwill2024-01-3112388694core:ListedExchangeTraded2024-01-3112388694core:UnlistedNon-exchangeTraded2024-01-3112388694core:LandBuildings2023-01-3112388694core:PlantMachinery2023-01-3112388694core:Vehicles2023-01-3112388694core:FurnitureFittings2023-01-3112388694core:OfficeEquipment2023-01-3112388694core:NetGoodwill2023-01-3112388694core:IntangibleAssetsOtherThanGoodwill2023-01-3112388694core:ListedExchangeTraded2023-01-3112388694core:UnlistedNon-exchangeTraded2023-01-3112388694core:LandBuildings2023-02-012024-01-3112388694core:PlantMachinery2023-02-012024-01-3112388694core:Vehicles2023-02-012024-01-3112388694core:FurnitureFittings2023-02-012024-01-3112388694core:OfficeEquipment2023-02-012024-01-3112388694core:NetGoodwill2023-02-012024-01-3112388694core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112388694core:ListedExchangeTraded2023-02-012024-01-3112388694core:UnlistedNon-exchangeTraded2023-02-012024-01-3112388694core:MoreThanFiveYears2023-02-012024-01-3112388694core:Non-currentFinancialInstruments2024-01-3112388694core:Non-currentFinancialInstruments2023-01-3112388694dpl:CostSales2023-02-012024-01-3112388694dpl:DistributionCosts2023-02-012024-01-3112388694core:LandBuildings2023-02-012024-01-3112388694core:PlantMachinery2023-02-012024-01-3112388694core:Vehicles2023-02-012024-01-3112388694core:FurnitureFittings2023-02-012024-01-3112388694core:OfficeEquipment2023-02-012024-01-3112388694dpl:AdministrativeExpenses2023-02-012024-01-3112388694core:NetGoodwill2023-02-012024-01-3112388694core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112388694dpl:GroupUndertakings2023-02-012024-01-3112388694dpl:ParticipatingInterests2023-02-012024-01-3112388694dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3112388694core:ListedExchangeTraded2023-02-012024-01-3112388694dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3112388694core:UnlistedNon-exchangeTraded2023-02-012024-01-3112388694dpl:CostSales2022-02-012023-01-3112388694dpl:DistributionCosts2022-02-012023-01-3112388694core:LandBuildings2022-02-012023-01-3112388694core:PlantMachinery2022-02-012023-01-3112388694core:Vehicles2022-02-012023-01-3112388694core:FurnitureFittings2022-02-012023-01-3112388694core:OfficeEquipment2022-02-012023-01-3112388694dpl:AdministrativeExpenses2022-02-012023-01-3112388694core:NetGoodwill2022-02-012023-01-3112388694core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112388694dpl:GroupUndertakings2022-02-012023-01-3112388694dpl:ParticipatingInterests2022-02-012023-01-3112388694dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3112388694core:ListedExchangeTraded2022-02-012023-01-3112388694dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3112388694core:UnlistedNon-exchangeTraded2022-02-012023-01-3112388694core:NetGoodwill2024-01-3112388694core:IntangibleAssetsOtherThanGoodwill2024-01-3112388694core:LandBuildings2024-01-3112388694core:PlantMachinery2024-01-3112388694core:Vehicles2024-01-3112388694core:FurnitureFittings2024-01-3112388694core:OfficeEquipment2024-01-3112388694core:AfterOneYear2024-01-3112388694core:WithinOneYear2024-01-3112388694core:ListedExchangeTraded2024-01-3112388694core:UnlistedNon-exchangeTraded2024-01-3112388694core:ShareCapital2024-01-3112388694core:SharePremium2024-01-3112388694core:RevaluationReserve2024-01-3112388694core:OtherReservesSubtotal2024-01-3112388694core:RetainedEarningsAccumulatedLosses2024-01-3112388694core:NetGoodwill2023-01-3112388694core:IntangibleAssetsOtherThanGoodwill2023-01-3112388694core:LandBuildings2023-01-3112388694core:PlantMachinery2023-01-3112388694core:Vehicles2023-01-3112388694core:FurnitureFittings2023-01-3112388694core:OfficeEquipment2023-01-3112388694core:AfterOneYear2023-01-3112388694core:WithinOneYear2023-01-3112388694core:ListedExchange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FANTELI LTD

Registered Number
12388694
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

FANTELI LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Mr John Paul Mason

Registered Address

Lower Flat,
22 St Davids Road
Southsea
PO5 1QN

Registered Number

12388694 (England and Wales)
FANTELI LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks320,9943,428
Debtors41,54437,230
Cash at bank and on hand35,02515,948
57,56356,606
Creditors amounts falling due within one year5(52,803)(43,886)
Net current assets (liabilities)4,76012,720
Total assets less current liabilities4,76012,720
Net assets4,76012,720
Capital and reserves
Called up share capital11
Profit and loss account4,75912,719
Shareholders' funds4,76012,720
The financial statements were approved and authorised for issue by the Director on 30 October 2024, and are signed on its behalf by:
Mr John Paul Mason
Director
Registered Company No. 12388694
FANTELI LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
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.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year11
3.Stocks

2024

2023

££
Finished goods20,9943,428
Total20,9943,428
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-21,583
Other debtors1,544-
Prepayments and accrued income-15,647
Total1,54437,230
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables16,25614,208
Taxation and social security5927,404
Other creditors35,15521,284
Accrued liabilities and deferred income800990
Total52,80343,886
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mr John Paul Mason21,10730,96817,09734,978
21,10730,96817,09734,978