A S Fashion (Leic) Ltd - Accounts to registrar (filleted) - small 18.2

A S Fashion (Leic) Ltd - Accounts to registrar (filleted) - small 18.2

A S FASHION (LEIC) LTD - Company Information

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REGISTERED NUMBER: 10026384 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2019

FOR

A S FASHION (LEIC) LTD
A S FASHION (LEIC) LTD (REGISTERED NUMBER: 10026384)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2019










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


A S FASHION (LEIC) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2019







DIRECTOR: Mr N S Patel





REGISTERED OFFICE: 31A Moorgate Street
Leicester
LE4 5GU





REGISTERED NUMBER: 10026384 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE
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A S FASHION (LEIC) LTD (REGISTERED NUMBER: 10026384)

STATEMENT OF FINANCIAL POSITION
28TH FEBRUARY 2019

28/2/19 28/2/18
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,175 12,950

CURRENT ASSETS
Stocks 41,981 43,581
Debtors 5 58,435 21,718
Cash at bank and in hand 27,923 962
128,339 66,261
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
6
(123,294
)
(70,536
)
NET CURRENT ASSETS/(LIABILITIES) 5,045 (4,275 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
15,220
8,675

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 15,120 8,575
SHAREHOLDERS' FUNDS 15,220 8,675

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2019.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28th February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 2nd October 2019 and were signed by:





Mr N S Patel - Director


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

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A S FASHION (LEIC) LTD (REGISTERED NUMBER: 10026384)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2019


1. STATUTORY INFORMATION

A S Fashion (Leic) Ltd is a private company, limited by shares , registered in England and Wales. 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 7 ) .

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A S FASHION (LEIC) LTD (REGISTERED NUMBER: 10026384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2019


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st March 2018
and 28th February 2019 18,500
DEPRECIATION
At 1st March 2018 5,550
Charge for year 2,775
At 28th February 2019 8,325
NET BOOK VALUE
At 28th February 2019 10,175
At 28th February 2018 12,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/19 28/2/18
£    £   
Trade debtors 4,435 21,718
Other debtors 54,000 -
58,435 21,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/19 28/2/18
£    £   
Bank loans and overdrafts 25,000 -
Trade creditors 70,472 46,774
Taxation and social security 10,375 8,259
Other creditors 17,447 15,503
123,294 70,536

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28/2/19 28/2/18
value: £    £   
100 ordinary £1 100 100

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A S FASHION (LEIC) LTD (REGISTERED NUMBER: 10026384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2019


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th February 2019
and 28th February 2018:

28/2/19 28/2/18
£    £   
Mr N S Patel
Balance outstanding at start of year 13,776 20,064
Amounts repaid (2,500 ) (6,288 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,276 13,776

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