Company Registration No. 07688865 (England and Wales)
Fazane Malik Clothing Ltd
Unaudited accounts
for the year ended 30 June 2023
Fazane Malik Clothing Ltd
Unaudited accounts
Contents
Fazane Malik Clothing Ltd
Company Information
for the year ended 30 June 2023
Company Number
07688865 (England and Wales)
Registered Office
OFFICE 2
39A MAIN STREET
KIMBERLEY
NOTTINGHAMSHIRE
NG16 2NG
ENGLAND
Accountants
Bob Stevens Management Ltd
46 Eltham Road
West Bridgford
Nottingham,
NG7 6LB
Fazane Malik Clothing Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
8,576
11,873
Cash at bank and in hand
(11,723)
(15,596)
Creditors: amounts falling due within one year
(91,480)
(76,041)
Net current liabilities
(93,781)
(42,106)
Total assets less current liabilities
(85,205)
(30,233)
Creditors: amounts falling due after more than one year
(51,634)
(42,335)
Net liabilities
(136,839)
(72,568)
Called up share capital
100
100
Profit and loss account
(136,939)
(72,668)
Shareholders' funds
(136,839)
(72,568)
For the year ending 30 June 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 her 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 28 November 2023 and were signed on its behalf by
F Fox
Director
Company Registration No. 07688865
Fazane Malik Clothing Ltd
Notes to the Accounts
for the year ended 30 June 2023
Fazane Malik Clothing Ltd is a private company, limited by shares, registered in England and Wales, registration number 07688865. The registered office is OFFICE 2, 39A MAIN STREET, KIMBERLEY, NOTTINGHAMSHIRE, NG16 2NG, 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.
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.
The accounts have been prepared under the historical cost convention.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
21,350
4,615
3,184
29,149
At 30 June 2023
21,350
4,800
3,184
29,334
At 1 July 2022
12,890
1,887
2,499
17,276
Charge for the year
2,115
682
685
3,482
At 30 June 2023
15,005
2,569
3,184
20,758
At 30 June 2023
6,345
2,231
-
8,576
At 30 June 2022
8,460
2,728
685
11,873
Fazane Malik Clothing Ltd
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
(3,261)
29,663
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
862
20,986
Taxes and social security
141
25,235
Other creditors
14,568
791
Loans from directors
59,457
29,029
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 4).