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REGISTERED NUMBER: 11415996 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

AULAK FASHIONS LIMITED

AULAK FASHIONS LIMITED (REGISTERED NUMBER: 11415996)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AULAK FASHIONS LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mita Singh
Manjit Singh Aulak





REGISTERED OFFICE: 49 Harford Street
Hockley
Birmingham
West Midlands
B19 3EB





REGISTERED NUMBER: 11415996 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

AULAK FASHIONS LIMITED (REGISTERED NUMBER: 11415996)

Abridged Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 12,000
Tangible assets 5 9,170 10,333
19,170 22,333

CURRENT ASSETS
Stocks 58,013 62,554
Debtors 23,319 50,175
Cash at bank 254,337 1,143,785
335,669 1,256,514
CREDITORS
Amounts falling due within one year 310,078 1,222,721
NET CURRENT ASSETS 25,591 33,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,761

56,126

PROVISIONS FOR LIABILITIES 6 419 649
NET ASSETS 44,342 55,477

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 8 44,338 55,473
SHAREHOLDERS' FUNDS 44,342 55,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

AULAK FASHIONS LIMITED (REGISTERED NUMBER: 11415996)

Abridged Balance Sheet - continued
30 June 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





Manjit Singh Aulak - Director


AULAK FASHIONS LIMITED (REGISTERED NUMBER: 11415996)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Aulak Fashions Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Fixtures and fittings - 15% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

AULAK FASHIONS LIMITED (REGISTERED NUMBER: 11415996)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 20,000
AMORTISATION
At 1 July 2022 8,000
Amortisation for year 2,000
At 30 June 2023 10,000
NET BOOK VALUE

At 30 June 2023 10,000
At 30 June 2022 12,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 12,205
DEPRECIATION
At 1 July 2022 1,872
Charge for year 1,163
At 30 June 2023 3,035
NET BOOK VALUE
At 30 June 2023 9,170
At 30 June 2022 10,333

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 419 649

Deferred
tax
£   
Balance at 1 July 2022 649
Provided during year (230 )
Balance at 30 June 2023 419

AULAK FASHIONS LIMITED (REGISTERED NUMBER: 11415996)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
4 4

8. RESERVES
Retained
earnings
£   

At 1 July 2022 55,473
Profit for the year 5,865
Dividends (17,000 )
At 30 June 2023 44,338