A S Fashion (Leic) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10026384 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

25TH FEBRUARY 2016 TO 28TH FEBRUARY 2017

FOR

A S FASHION (LEIC) LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Tangible assets

4

15,725

CURRENT ASSETS

Stocks

33,155

Debtors

5

25,285

Cash at bank and in hand

333

58,773

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

(71,358

)

NET CURRENT LIABILITIES

(12,585

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,140

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

3,040

SHAREHOLDERS' FUNDS

3,140

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th February 2017.

The members have not required the Company to obtain an audit of its financial statements for the period ended 28th February 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 22nd November 2017 and were signed by:

Mr N S Patel - Director

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 period 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 period 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 period was 8 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

18,500

At 28th February 2017

18,500

DEPRECIATION

Charge for period

2,775

At 28th February 2017

2,775

NET BOOK VALUE

At 28th February 2017

15,725

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

25,285

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

34,749

Taxation and social security

6,932

Other creditors

29,677

71,358

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

ordinary

£1

100