1 November 2023 false No description of principal activity Taxfiler 2024.6 08271738business:PrivateLimitedCompanyLtd2023-11-012024-10-31 082717382023-10-31 082717382023-11-012024-10-31 08271738business:AuditExempt-NoAccountantsReport2023-11-012024-10-31 08271738business:FilletedAccounts2023-11-012024-10-31 082717382024-10-31 08271738business:Director12023-11-012024-10-31 08271738business:RegisteredOffice2023-11-012024-10-31 082717382023-10-31 08271738core:WithinOneYear2024-10-31 08271738core:WithinOneYear2023-10-31 08271738core:AfterOneYear2024-10-31 08271738core:AfterOneYear2023-10-31 08271738core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 08271738core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 08271738core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 08271738core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 08271738core:PreviouslyStatedAmount2024-10-31 08271738core:PreviouslyStatedAmount2023-10-31 08271738business:SmallEntities2023-11-012024-10-31 08271738countries:EnglandWales2023-11-012024-10-31 08271738core:PlantMachinery2023-10-31 08271738core:MotorVehicles2023-10-31 08271738core:FurnitureFittings2023-10-31 08271738core:PlantMachinery2023-11-012024-10-31 08271738core:MotorVehicles2023-11-012024-10-31 08271738core:FurnitureFittings2023-11-012024-10-31 08271738core:PlantMachinery2024-10-31 08271738core:MotorVehicles2024-10-31 08271738core:FurnitureFittings2024-10-31 082717382022-11-012023-10-31 iso4217:GBP xbrli:pure
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
Page
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FASHION INC LTD Company Information for the year ended 31 October 2024
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 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
214,400 
128,998 
Current assets
Debtors
149,715 
101,055 
Cash at bank and in hand
41,157 
19,357 
190,872 
120,412 
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)
Net assets
10,629 
99,015 
Capital and reserves
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
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FASHION INC LTD Notes to the Accounts for the year ended 31 October 2024
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 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 
Depreciation
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 
Net book value
At 31 October 2024
45,622 
153,608 
15,170 
214,400 
At 31 October 2023
28,008 
92,244 
8,746 
128,998 
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FASHION INC LTD Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
7,039 
3,717 
Trade debtors
117,676 
50,792 
Other debtors
25,000 
46,546 
149,715 
101,055 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
124,087 
110,203 
Taxes and social security
- 
13,264 
Other creditors
9,192 
- 
Loans from directors
245,084 
- 
378,363 
123,467 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,280 
26,928 
8
Average number of employees
During the year the average number of employees was 9 (2023: 6).
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