Fantasia Distribution Limited

	Page
Accountant's Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3—5

Report to the directors on the preparation of the unaudited statutory accounts of Fantasia Distribution Limited For The Year Ended 31 December 2024

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Fantasia Distribution Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Fantasia Distribution Limited , as a body, in accordance with the terms of our engagement letter. 29 April 2025 Our work has been undertaken solely to prepare for your approval the accounts of Fantasia Distribution Limited and state those matters that we have agreed to state to the directors of Fantasia Distribution Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fantasia Distribution Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Fantasia Distribution Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Fantasia Distribution Limited . You consider that Fantasia Distribution Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Fantasia Distribution Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

29/09/2025

FB Accountancy Services Limited

Chartered Certified Accountants

Unit 16, Heronsgate Trading Estate

Paycocke Road

Basildon

Essex

SS14 3EU

Page 1

Page 2

Fantasia Distribution Limited

Statement of Financial Position

As At 31 December 2024

Statement of Financial Position

Registered number: 02726968

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,685		19,423

			14,685		19,423
CURRENT ASSETS
Stocks	5	379,649		471,850
Debtors	6	238,053		205,248
Cash at bank and in hand		165,624		321,276

		783,326		998,374
Creditors: Amounts Falling Due Within One Year	7	(42,629 )		(17,293 )

NET CURRENT ASSETS (LIABILITIES)			740,697		981,081

TOTAL ASSETS LESS CURRENT LIABILITIES			755,382		1,000,504

NET ASSETS			755,382		1,000,504

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			755,282		1,000,404

SHAREHOLDERS' FUNDS			755,382		1,000,504

For the year ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Emma Warren

Director

29/09/2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

Page 3

Fantasia Distribution Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Fantasia Distribution Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02726968 . The registered office is 11 Faraday Way, Britannia House, Orpington, Kent, BR5 3QW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	15% Reducing balance
Computer Equipment	25% Straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Page 3

Page 4

Fantasia Distribution Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 11)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	116,527	22,862	139,389

As at 31 December 2024	116,527	22,862	139,389

Depreciation
As at 1 January 2024	103,752	16,214	119,966
Provided during the period	1,917	2,821	4,738

As at 31 December 2024	105,669	19,035	124,704

Net Book Value
As at 31 December 2024	10,858	3,827	14,685

As at 1 January 2024	12,775	6,648	19,423

5. Stocks

	2024	2023
	£	£
Finished goods	379,649	471,850

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	24,530	36,702
Prepayments and accrued income	24,843	46,299
Other debtors	15,171	5,263
Deferred tax current asset	173,509	116,984

	238,053	205,248

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	25,883	3,461
Other taxes and social security	14,482	13,491
Other creditors	120	107
Accruals and deferred income	2,144	234

	42,629	17,293

Page 4

Page 5

Fantasia Distribution Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	70,000	-
Later than one year and not later than five years	280,000	-
Later than five years	350,000	-

	700,000	-

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mrs Emma Warren	5,262	-	5,262	-	-

Page 5