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REGISTERED NUMBER: 07292629





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FANTONI DESIGNS LIMITED

FANTONI DESIGNS LIMITED (REGISTERED NUMBER: 07292629)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FANTONI DESIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: L G Fantoni
Mrs D Fantoni





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 07292629





ACCOUNTANTS: AC Partners LLP
Chartered Accountants
869 High Road
London
N12 8QA

FANTONI DESIGNS LIMITED (REGISTERED NUMBER: 07292629)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,530 43,371

CURRENT ASSETS
Debtors 5 12,347 62,082
Cash at bank 40,618 155,981
52,965 218,063
CREDITORS
Amounts falling due within one year 6 53,592 66,759
NET CURRENT (LIABILITIES)/ASSETS (627 ) 151,304
TOTAL ASSETS LESS CURRENT LIABILITIES 31,903 194,675

CREDITORS
Amounts falling due after more than one year 7 (9,381 ) (21,408 )

PROVISIONS FOR LIABILITIES (6,180 ) (8,240 )
NET ASSETS 16,342 165,027

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 16,340 165,025
16,342 165,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





L G Fantoni - Director


FANTONI DESIGNS LIMITED (REGISTERED NUMBER: 07292629)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Fantoni Designs Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance.
Fixtures and fittings - 25% on reducing balance.
Motor vehicles - 25% on reducing balance.
Computer equipment - 25% on reducing balance.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 13,246 958 52,880 13,035 80,119
DEPRECIATION
At 1 July 2023 12,333 591 13,220 10,604 36,748
Charge for year 228 91 9,915 607 10,841
At 30 June 2024 12,561 682 23,135 11,211 47,589
NET BOOK VALUE
At 30 June 2024 685 276 29,745 1,824 32,530
At 30 June 2023 913 367 39,660 2,431 43,371

FANTONI DESIGNS LIMITED (REGISTERED NUMBER: 07292629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 62,082
Other debtors 12,347 -
12,347 62,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 8,000
Trade creditors 101 102
Taxation and social security 37,418 38,944
Other creditors 6,073 19,713
53,592 66,759

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,381 21,408