Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 11193372 Mr Asif Mushtaq Mrs Sahedih Mushtaq iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11193372 2023-02-28 11193372 2024-02-28 11193372 2023-03-01 2024-02-28 11193372 frs-core:CurrentFinancialInstruments 2024-02-28 11193372 frs-core:Non-currentFinancialInstruments 2024-02-28 11193372 frs-core:ShareCapital 2024-02-28 11193372 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 11193372 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11193372 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 11193372 frs-bus:SmallEntities 2023-03-01 2024-02-28 11193372 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 11193372 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11193372 frs-bus:Director1 2023-03-01 2024-02-28 11193372 frs-bus:Director2 2023-03-01 2024-02-28 11193372 frs-countries:EnglandWales 2023-03-01 2024-02-28 11193372 2022-02-28 11193372 2023-02-28 11193372 2022-03-01 2023-02-28 11193372 frs-core:CurrentFinancialInstruments 2023-02-28 11193372 frs-core:Non-currentFinancialInstruments 2023-02-28 11193372 frs-core:ShareCapital 2023-02-28 11193372 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11193372
Fashion Fun Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11193372
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 24,650 30,500
Debtors 5 - 2,122
Cash at bank and in hand 1,924 4,115
26,574 36,737
Creditors: Amounts Falling Due Within One Year 6 (5,657 ) (7,565 )
NET CURRENT ASSETS (LIABILITIES) 20,917 29,172
TOTAL ASSETS LESS CURRENT LIABILITIES 20,917 29,172
Creditors: Amounts Falling Due After More Than One Year 7 (34,392 ) (31,865 )
NET LIABILITIES (13,475 ) (2,693 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (13,575 ) (2,793 )
SHAREHOLDERS' FUNDS (13,475) (2,693)
Page 1
Page 2
For the year ending 28 February 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Asif Mushtaq
Director
12/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fashion Fun Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11193372 . The registered office is 20 Shaftesbury Road, Luton, LU4 8AL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Stocks
2024 2023
£ £
Finished goods 24,650 30,500
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Page 4
5. Debtors
2024 2023
£ £
Due after more than one year
Other debtors - 2,122
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 720 1,439
Taxation and social security 4,937 6,126
5,657 7,565
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 30,829 31,865
Other creditors 3,563 -
34,392 31,865
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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