1 November 2022 false No description of principal activity Taxfiler 2023.10.1 08271738business:PrivateLimitedCompanyLtd2022-11-012023-10-31 082717382022-10-31 082717382022-11-012023-10-31 08271738business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 08271738business:FilletedAccounts2022-11-012023-10-31 082717382023-10-31 08271738business:Director12022-11-012023-10-31 08271738business:RegisteredOffice2022-11-012023-10-31 082717382022-10-31 08271738core:WithinOneYear2023-10-31 08271738core:WithinOneYear2022-10-31 08271738core:AfterOneYear2023-10-31 08271738core:AfterOneYear2022-10-31 08271738core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 08271738core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 08271738core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 08271738core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 08271738core:PreviouslyStatedAmount2023-10-31 08271738core:PreviouslyStatedAmount2022-10-31 08271738business:SmallEntities2022-11-012023-10-31 08271738countries:EnglandWales2022-11-012023-10-31 08271738core:PlantMachinery2022-10-31 08271738core:MotorVehicles2022-10-31 08271738core:FurnitureFittings2022-10-31 08271738core:PlantMachinery2022-11-012023-10-31 08271738core:MotorVehicles2022-11-012023-10-31 08271738core:FurnitureFittings2022-11-012023-10-31 08271738core:PlantMachinery2023-10-31 08271738core:MotorVehicles2023-10-31 08271738core:FurnitureFittings2023-10-31 082717382021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 08271738 (England and Wales)
FASHION INC LTD Filleted accounts for the year ended 31 October 2023
FASHION INC LTD Filleted accounts Contents
Page
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FASHION INC LTD Company Information for the year ended 31 October 2023
Director
Rokas Gailius
Company Number
08271738 (England and Wales)
Registered Office
166 COLLEGE ROAD HARROW HA1 1BH ENGLAND
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FASHION INC LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
128,998 
17,937 
Current assets
Debtors
101,055 
(101,399)
Cash at bank and in hand
19,357 
120,433 
120,412 
19,034 
Creditors: amounts falling due within one year
(123,467)
820 
Net current (liabilities)/assets
(3,055)
19,854 
Total assets less current liabilities
125,943 
37,791 
Creditors: amounts falling due after more than one year
(26,928)
(37,577)
Net assets
99,015 
214 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
99,014 
213 
Shareholders' funds
99,015 
214 
For the year ending 31 October 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2023 and were signed on its behalf by
Rokas Gailius Director Company Registration No. 08271738
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FASHION INC LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
FASHION INC LTD is a private company, limited by shares, registered in England and Wales, registration number 08271738. The registered office is 166 COLLEGE ROAD, HARROW, HA1 1BH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
19,823 
31,535 
12,639 
63,997 
Additions
27,475 
115,305 
3,397 
146,177 
At 31 October 2023
47,298 
146,840 
16,036 
210,174 
Depreciation
At 1 November 2022
9,830 
31,535 
4,695 
46,060 
Charge for the year
9,460 
23,061 
2,595 
35,116 
At 31 October 2023
19,290 
54,596 
7,290 
81,176 
Net book value
At 31 October 2023
28,008 
92,244 
8,746 
128,998 
At 31 October 2022
9,993 
- 
7,944 
17,937 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,717 
7,516 
Trade debtors
50,792 
(108,915)
Other debtors
46,546 
- 
101,055 
(101,399)
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FASHION INC LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
110,203 
(345)
Taxes and social security
13,264 
10,016 
Loans from directors
- 
(10,491)
123,467 
(820)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,928 
37,577 
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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