REGISTERED NUMBER: SC240138 (Scotland)

Fantasy Prints Limited

Unaudited Financial Statements

for the Year Ended 30th November 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Directors:

Miss S McMorn

J Collin

Registered office:

11a Well Tower Park

Ayton

Berwickshire

TD14 5RR

Registered number:

SC240138 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

144,969

166,614

Current assets

Stocks

66,594

100,665

Debtors

5

356,672

248,226

Cash at bank and in hand

914,092

1,078,760

1,337,358

1,427,651

Creditors

Amounts falling due within one year

6

324,175

353,421

Net current assets

1,013,183

1,074,230

Total assets less current liabilities

1,158,152

1,240,844

Creditors

Amounts falling due after more than one year

7

-

(7,727

)

Provisions for liabilities

(28,883

)

(32,679

)

Net assets

1,129,269

1,200,438

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

1,128,269

1,199,438

1,129,269

1,200,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st August 2026 and were signed on its behalf by:

Miss S McMorn - Director

1.	Statutory information

Fantasy Prints Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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

Office equipment

-

33% on reducing balance and 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, intercompany loans, trade creditors, accruals, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, intercompany loans, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to trade profitably, accordingly they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 32 (2024 - 31 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1st December 2024

711,490

9,692

34,745

57,797

813,724

Additions

19,976

-

-

4,050

24,026

Disposals

(23,964

)

-

-

-

(23,964

)

At 30th November 2025

707,502

9,692

34,745

61,847

813,786

Depreciation

At 1st December 2024

564,939

9,102

23,603

49,466

647,110

Charge for year

39,475

148

2,786

2,518

44,927

Eliminated on disposal

(23,220

)

-

-

-

(23,220

)

At 30th November 2025

581,194

9,250

26,389

51,984

668,817

Net book value

At 30th November 2025

126,308

442

8,356

9,863

144,969

At 30th November 2024

146,551

590

11,142

8,331

166,614

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

281,213

210,550

Amounts owed by group undertakings

1,312

1,312

Other debtors

74,147

36,364

356,672

248,226

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

7,727

10,267

Trade creditors

177,532

209,191

Taxation and social security

119,078

117,396

Other creditors

19,838

16,567

324,175

353,421

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

-

7,727

8.	Other financial commitments

At 30th November 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £8,772 (2024 - £13,556)

9.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30th November 2025 and 30th November 2024:

2025

2024

£

£

Director 1

Balance outstanding at start of year

25,912

52,579

Amounts advanced

29,054

29,318

Amounts repaid

(2,400

)

(55,985

)

Balance outstanding at end of year

52,566

25,912

Director 2

Balance outstanding at start of year

7,601

7,434

Amounts advanced

10,788

8,167

Amounts repaid

-

(8,000

)

Balance outstanding at end of year

18,389

7,601

These loans are unsecured, repayable on demand and interest has been charged at the official rates published by HMRC.

10.	Related party disclosures

Fantasy Prints Limited is a fully owned subsidiary of Fantasy Prints Group Limited. Fantasy Prints Group Limited is a private company, limited by shares, registered in England and Wales.

At 30th November 2025 a loan of £1,312 (2024 - £1,312) was outstanding payable to the company by Fantasy Prints Group Limited. This loan is unsecured, interest free and is repayable on demand.