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REGISTERED NUMBER: 03672295 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

A.B. Fashions Limited

A.B. Fashions Limited (Registered number: 03672295)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.B. Fashions Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr M S Athwal





SECRETARY: Mrs J K Athwal





REGISTERED OFFICE: 36A Bradley Road
Slough
Berkshire
SL1 3PP





REGISTERED NUMBER: 03672295 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Certified Accountants
471 Green Lane
Coventry
West Midlands
CV3 6EL

A.B. Fashions Limited (Registered number: 03672295)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,882 432

CURRENT ASSETS
Stocks 29,500 29,500
Cash at bank and in hand 8,032 1,810
37,532 31,310
CREDITORS
Amounts falling due within one year 5 20,750 10,418
NET CURRENT ASSETS 16,782 20,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,664

21,324

CREDITORS
Amounts falling due after more than one
year

6

12,164

13,661
NET ASSETS 6,500 7,663

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 6,497 7,660
SHAREHOLDERS' FUNDS 6,500 7,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

A.B. Fashions Limited (Registered number: 03672295)

Balance Sheet - continued
31 May 2023


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 and authorised for issue on 15 March 2024 and were signed by:





Mr M S Athwal - Director


A.B. Fashions Limited (Registered number: 03672295)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

A.B. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 20% 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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
equipment
£   
COST
At 1 June 2022 10,908
Additions 1,858
At 31 May 2023 12,766
DEPRECIATION
At 1 June 2022 10,476
Charge for year 408
At 31 May 2023 10,884
NET BOOK VALUE
At 31 May 2023 1,882
At 31 May 2022 432

A.B. Fashions Limited (Registered number: 03672295)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors (1 ) -
Other creditors 20,751 10,418
20,750 10,418

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 12,164 13,661

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,164 13,661

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of this company is Mr M S Athwal.