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Company Registration No. 10485459 (England and Wales)
360 Fashions Limited Unaudited accounts for the year ended 30 November 2023
360 Fashions Limited Unaudited accounts Contents
Page
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360 Fashions Limited Company Information for the year ended 30 November 2023
Directors
H Karim I Karim YN Karim Yakub
Secretary
Imran Karim
Company Number
10485459 (England and Wales)
Registered Office
44 Station Road Redhill Surrey RH1 1PH England
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360 Fashions Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
1,900 
3,000 
Debtors
5,469 
3,995 
Cash at bank and in hand
206 
231 
7,575 
7,226 
Creditors: amounts falling due within one year
(2,643)
(2,714)
Net current assets
4,932 
4,512 
Net assets
4,932 
4,512 
Capital and reserves
Called up share capital
99 
99 
Profit and loss account
4,833 
4,413 
Shareholders' funds
4,932 
4,512 
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by
I Karim Director Company Registration No. 10485459
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360 Fashions Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
360 Fashions Limited is a private company, limited by shares, registered in England and Wales, registration number 10485459. The registered office is 44 Station Road, Redhill, Surrey, RH1 1PH, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
5,469 
3,995 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,267 
1,761 
Taxes and social security
99 
75 
Other creditors
200 
725 
Loans from directors
1,077 
153 
2,643 
2,714 
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360 Fashions Limited Notes to the Accounts for the year ended 30 November 2023
6
Transactions with related parties
Messrs. I. Karim, H. Karim and Y.N.K Yakub are the directors of the company and together own 100% of the issued share capital. At the balance sheet date, the company was owed £3,502 (2022 - £3,381) by the directors. At the balance sheet date, the company was owed £83 by NHI Trading Limited (2022 - £83 ), a company of which Messrs. I. Karim, H. Karim and Y.N.K Yakub are the directors and together own 100% of the issued share capital. At the balance sheet date, the company was owed £428 by 360 London Limited (2022 - £185 owed by the company ), a company of which Messrs. I. Karim, H. Karim and Y.N.K Yakub are the directors and together own 100% of the issued share capital.
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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