Company Registration No. 08271738 (England and Wales)
FASHION INC LTD
Filleted accounts
for the year ended 31 October 2024
FASHION INC LTD
Filleted accounts
Contents
FASHION INC LTD
Company Information
for the year ended 31 October 2024
Company Number
08271738 (England and Wales)
Registered Office
166 COLLEGE ROAD
HARROW
HA1 1BH
ENGLAND
FASHION INC LTD
Statement of financial position
as at 31 October 2024
Tangible assets
214,400
128,998
Cash at bank and in hand
41,157
19,357
Creditors: amounts falling due within one year
(378,363)
(123,467)
Net current liabilities
(187,491)
(3,055)
Total assets less current liabilities
26,909
125,943
Creditors: amounts falling due after more than one year
(16,280)
(26,928)
Called up share capital
1
1
Profit and loss account
10,628
99,014
Shareholders' funds
10,629
99,015
For the year ending 31 October 2024 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 22 November 2024 and were signed on its behalf by
Rokas Gailius
Director
Company Registration No. 08271738
FASHION INC LTD
Notes to the Accounts
for the year ended 31 October 2024
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.
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 as modified by the revaluation of certain fixed assets.
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 2023
47,298
146,840
16,036
210,174
Additions
46,595
118,273
6,177
171,045
Disposals
(25,903)
(48,525)
-
(74,428)
At 31 October 2024
67,990
216,588
22,213
306,791
At 1 November 2023
19,290
54,596
7,290
81,176
Charge for the year
16,928
46,715
4,062
67,705
On disposals
(13,850)
(38,331)
(4,309)
(56,490)
At 31 October 2024
22,368
62,980
7,043
92,391
At 31 October 2024
45,622
153,608
15,170
214,400
At 31 October 2023
28,008
92,244
8,746
128,998
FASHION INC LTD
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
117,676
50,792
Other debtors
25,000
46,546
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
124,087
110,203
Taxes and social security
-
13,264
Loans from directors
245,084
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 9 (2023: 6).