1 April 2023 false Taxfiler 2024.6 true 10599790business:PrivateLimitedCompanyLtd2023-04-012024-03-31 105997902023-03-31 105997902023-04-012024-03-31 10599790business:AuditExemptWithAccountantsReport2023-04-012024-03-31 10599790business:FilletedAccounts2023-04-012024-03-31 105997902024-03-31 10599790business:Director12023-04-012024-03-31 10599790business:RegisteredOffice2023-04-012024-03-31 105997902023-03-31 10599790core:WithinOneYear2024-03-31 10599790core:WithinOneYear2023-03-31 10599790core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10599790core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10599790core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10599790core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10599790core:PreviouslyStatedAmount2024-03-31 10599790core:PreviouslyStatedAmount2023-03-31 10599790business:SmallEntities2023-04-012024-03-31 10599790countries:EnglandWales2023-04-012024-03-31 10599790core:ComputerEquipment2023-04-012024-03-31 10599790core:FurnitureFittings2023-03-31 10599790core:ComputerEquipment2023-03-31 10599790core:FurnitureFittings2023-04-012024-03-31 10599790core:FurnitureFittings2024-03-31 10599790core:ComputerEquipment2024-03-31 10599790business:OrdinaryShareClass12023-04-012024-03-31 10599790business:OrdinaryShareClass12022-04-012023-03-31 105997902022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10599790 (England and Wales)
Fantalytics Consulting Limited Unaudited accounts for the year ended 31 March 2024
Fantalytics Consulting Limited Unaudited accounts Contents
Page
- 2 -
Fantalytics Consulting Limited Company Information for the year ended 31 March 2024
Director
Zhixing You
Company Number
10599790 (England and Wales)
Registered Office
APARTMENT 1304 1 CASSON SQUARE LONDON SE1 7GT UNITED KINGDOM
Accountants
Tax Return Accountants Ltd 26 Spinning Wheelway Hackbridge Wallington GB SM6 7DS
- 3 -
Fantalytics Consulting Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,478 
514 
Current assets
Debtors
3,860 
19,086 
Cash at bank and in hand
66,577 
21,724 
70,437 
40,810 
Creditors: amounts falling due within one year
(10,710)
(17,243)
Net current assets
59,727 
23,567 
Total assets less current liabilities
61,205 
24,081 
Provisions for liabilities
Deferred tax
(370)
(129)
Net assets
60,835 
23,952 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
60,735 
23,852 
Shareholders' funds
60,835 
23,952 
For the year ending 31 March 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 18 November 2024 and were signed on its behalf by
Zhixing You Director Company Registration No. 10599790
- 4 -
Fantalytics Consulting Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Fantalytics Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 10599790. The registered office is APARTMENT 1304 1 CASSON SQUARE, LONDON, SE1 7GT, UNITED KINGDOM.
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.
Presentation currency
The accounts are presented in sterling.
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.
Going concern
The directors have no plans for a change in the principal activities of the Company or any intention to liquidate the Company in the next twelve months. The financial statements are presented on a going concern basis.
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:
Computer equipment
33% straight line
- 5 -
Fantalytics Consulting Limited Notes to the Accounts for the year ended 31 March 2024
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
1,147 
1,147 
Additions
400 
1,292 
1,692 
At 31 March 2024
400 
2,439 
2,839 
Depreciation
At 1 April 2023
- 
633 
633 
Charge for the year
132 
596 
728 
At 31 March 2024
132 
1,229 
1,361 
Net book value
At 31 March 2024
268 
1,210 
1,478 
At 31 March 2023
- 
514 
514 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,860 
19,086 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,300 
1,300 
Taxes and social security
8,936 
13,493 
Loans from directors
474 
2,450 
10,710 
17,243 
- 6 -
Fantalytics Consulting Limited Notes to the Accounts for the year ended 31 March 2024
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made to, director in respect of expenses, remuneration and dividends. At the reporting date the amount owed by the company to Mr You was 474 pounds, being interest free, unsecured and repayable by demand.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -