2023-04-012024-03-312024-03-31false06731768Chantastic Limited2024-10-17iso4217:GBPxbrli:pure067317682023-04-01067317682024-03-31067317682023-04-012024-03-31067317682022-04-01067317682023-03-31067317682022-04-012023-03-3106731768bus:SmallEntities2023-04-012024-03-3106731768bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3106731768bus:FullAccounts2023-04-012024-03-3106731768bus:PrivateLimitedCompanyLtd2023-04-012024-03-3106731768core:WithinOneYear2024-03-3106731768core:AfterOneYear2024-03-3106731768core:WithinOneYear2023-03-3106731768core:AfterOneYear2023-03-3106731768core:ShareCapital2024-03-3106731768core:SharePremium2024-03-3106731768core:RevaluationReserve2024-03-3106731768core:OtherReservesSubtotal2024-03-3106731768core:RetainedEarningsAccumulatedLosses2024-03-3106731768core:ShareCapital2023-03-3106731768core:SharePremium2023-03-3106731768core:RevaluationReserve2023-03-3106731768core:OtherReservesSubtotal2023-03-3106731768core:RetainedEarningsAccumulatedLosses2023-03-3106731768core:LandBuildings2024-03-3106731768core:PlantMachinery2024-03-3106731768core:Vehicles2024-03-3106731768core:FurnitureFittings2024-03-3106731768core:OfficeEquipment2024-03-3106731768core:NetGoodwill2024-03-3106731768core:IntangibleAssetsOtherThanGoodwill2024-03-3106731768core:ListedExchangeTraded2024-03-3106731768core:UnlistedNon-exchangeTraded2024-03-3106731768core:LandBuildings2023-03-3106731768core:PlantMachinery2023-03-3106731768core:Vehicles2023-03-3106731768core:FurnitureFittings2023-03-3106731768core:OfficeEquipment2023-03-3106731768core:NetGoodwill2023-03-3106731768core:IntangibleAssetsOtherThanGoodwill2023-03-3106731768core:ListedExchangeTraded2023-03-3106731768core:UnlistedNon-exchangeTraded2023-03-3106731768core:LandBuildings2023-04-012024-03-3106731768core:PlantMachinery2023-04-012024-03-3106731768core:Vehicles2023-04-012024-03-3106731768core:FurnitureFittings2023-04-012024-03-3106731768core:OfficeEquipment2023-04-012024-03-3106731768core:NetGoodwill2023-04-012024-03-3106731768core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106731768core:ListedExchangeTraded2023-04-012024-03-3106731768core:UnlistedNon-exchangeTraded2023-04-012024-03-3106731768core:MoreThanFiveYears2023-04-012024-03-3106731768core:Non-currentFinancialInstruments2024-03-3106731768core:Non-currentFinancialInstruments2023-03-3106731768dpl:CostSales2023-04-012024-03-3106731768dpl:DistributionCosts2023-04-012024-03-3106731768core:LandBuildings2023-04-012024-03-3106731768core:PlantMachinery2023-04-012024-03-3106731768core:Vehicles2023-04-012024-03-3106731768core:FurnitureFittings2023-04-012024-03-3106731768core:OfficeEquipment2023-04-012024-03-3106731768dpl:AdministrativeExpenses2023-04-012024-03-3106731768core:NetGoodwill2023-04-012024-03-3106731768core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106731768dpl:GroupUndertakings2023-04-012024-03-3106731768dpl:ParticipatingInterests2023-04-012024-03-3106731768dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3106731768core:ListedExchangeTraded2023-04-012024-03-3106731768dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3106731768core:UnlistedNon-exchangeTraded2023-04-012024-03-3106731768dpl:CostSales2022-04-012023-03-3106731768dpl:DistributionCosts2022-04-012023-03-3106731768core:LandBuildings2022-04-012023-03-3106731768core:PlantMachinery2022-04-012023-03-3106731768core:Vehicles2022-04-012023-03-3106731768core:FurnitureFittings2022-04-012023-03-3106731768core:OfficeEquipment2022-04-012023-03-3106731768dpl:AdministrativeExpenses2022-04-012023-03-3106731768core:NetGoodwill2022-04-012023-03-3106731768core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106731768dpl:GroupUndertakings2022-04-012023-03-3106731768dpl:ParticipatingInterests2022-04-012023-03-3106731768dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3106731768core:ListedExchangeTraded2022-04-012023-03-3106731768dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3106731768core:UnlistedNon-exchangeTraded2022-04-012023-03-3106731768core:NetGoodwill2024-03-3106731768core:IntangibleAssetsOtherThanGoodwill2024-03-3106731768core:LandBuildings2024-03-3106731768core:PlantMachinery2024-03-3106731768core:Vehicles2024-03-3106731768core:FurnitureFittings2024-03-3106731768core:OfficeEquipment2024-03-3106731768core:AfterOneYear2024-03-3106731768core:WithinOneYear2024-03-3106731768core:ListedExchangeTraded2024-03-3106731768core:UnlistedNon-exchangeTraded2024-03-3106731768core:ShareCapital2024-03-3106731768core:SharePremium2024-03-3106731768core:RevaluationReserve2024-03-3106731768core:OtherReservesSubtotal2024-03-3106731768core:RetainedEarningsAccumulatedLosses2024-03-3106731768core:NetGoodwill2023-03-3106731768core:IntangibleAssetsOtherThanGoodwill2023-03-3106731768core:LandBuildings2023-03-3106731768core:PlantMachinery2023-03-3106731768core:Vehicles2023-03-3106731768core:FurnitureFittings2023-03-3106731768core:OfficeEquipment2023-03-3106731768core:AfterOneYear2023-03-3106731768core:WithinOneYear2023-03-3106731768core:ListedExch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Chantastic Limited

Registered Number
06731768
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Chantastic Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Dr Adam Hussain
Dr Isaac Hussain
Mrs Jacqueline Hussain

Registered Address

216 Allerton Road
Mossley Hill
Liverpool
L18 6JN

Registered Number

06731768 (England and Wales)
Chantastic Limited
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets473,53441,818
73,53441,818
Current assets
Stocks51,8001,800
Debtors1,025,631868,102
Cash at bank and on hand360,057377,116
1,387,4881,247,018
Creditors amounts falling due within one year6(1,071,520)(1,141,004)
Net current assets (liabilities)315,968106,014
Total assets less current liabilities389,502147,832
Provisions for liabilities7(17,199)(6,848)
Net assets372,303140,984
Capital and reserves
Called up share capital100100
Profit and loss account372,203140,884
Shareholders' funds372,303140,984
The financial statements were approved and authorised for issue by the Board of Directors on 17 October 2024, and are signed on its behalf by:
Dr Adam Hussain
Director
Dr Isaac Hussain
Director
Mrs Jacqueline Hussain
Director

Registered Company No. 06731768
Chantastic Limited
Notes to the Financial Statements
for the year ended 31 March 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
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Functional and presentation currency
The financial statements are presented in sterling, which is the functional currency of the entity.
Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
Turnover policy
The revenue shown in the profit and loss account represents income receivable from dental treatments carried out during the period. Revenue in respect of dental treatment uncompleted at the year end date is recognised by reference to the state of completion.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
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.
Current taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amount of tax expected to pay or recover using the tax rates and laws that have been enacted, or substantively enacted, at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted, or substantively enacted, by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Stocks and work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.
2.Average number of employees

20242023
Average number of employees during the year2727
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 232,250,0002,250,000
At 31 March 242,250,0002,250,000
Amortisation and impairment
At 01 April 232,250,0002,250,000
At 31 March 242,250,0002,250,000
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 April 23233,81313,390247,203
Additions53,6843,85057,534
At 31 March 24287,49717,240304,737
Depreciation and impairment
At 01 April 23197,0398,346205,385
Charge for year22,2333,58525,818
At 31 March 24219,27211,931231,203
Net book value
At 31 March 2468,2255,30973,534
At 31 March 2336,7745,04441,818
5.Stocks

2024

2023

££
Raw materials and consumables1,8001,800
Total1,8001,800
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables125,458104,556
Taxation and social security62,50026,714
Other creditors856,4451,005,594
Accrued liabilities and deferred income27,1174,140
Total1,071,5201,141,004
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)17,1996,848
Total17,1996,848
8.Related party transactions
In the year, the directors made available a loan to the company. The balance of this loan as at 31 March 2024 was £Nil. This loan was interest free and repayable upon demand.