Company Registration No. 11212339 (England and Wales)
Fantasy Island Toys and Gifts Limited
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
Fantasy Island Toys and Gifts Limited
Unaudited accounts
Contents
Fantasy Island Toys and Gifts Limited
Company Information
for the period from 1 March 2023 to 28 February 2024
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 2024
Tangible assets
2,162
2,928
Cash at bank and in hand
9,566
986
Creditors: amounts falling due within one year
(4,610)
(10,654)
Net current assets/(liabilities)
7,031
(6,179)
Total assets less current liabilities
9,193
(3,251)
Creditors: amounts falling due after more than one year
(8,089)
(12,108)
Net assets/(liabilities)
1,104
(15,359)
Called up share capital
100
100
Profit and loss account
1,004
(15,459)
Shareholders' funds
1,104
(15,359)
For the period ending 28 February 2024 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 31 October 2024 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 period from 1 March 2023 to 28 February 2024
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 period, 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 2023
3,816
1,152
4,968
At 28 February 2024
3,816
1,152
4,968
At 1 March 2023
1,400
640
2,040
Charge for the period
382
384
766
At 28 February 2024
1,782
1,024
2,806
At 28 February 2024
2,034
128
2,162
At 28 February 2023
2,416
512
2,928
Fantasy Island Toys and Gifts Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,038
642
Other creditors
1,110
1,080
Loans from directors
322
7,822
6
Creditors: amounts falling due after more than one year
2024
2023
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 Mr P. Doherty throughout the current year. Mr P. Doherty is personally interested in 100% of the company's share capital.
Mr P. Doherty received a dividend from the company during the year of £2,500 (2023: nil)
9
Average number of employees
During the period the average number of employees was 0 (2023: 0).