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REGISTERED NUMBER: 08291180 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

BB Fashion Limited

BB Fashion Limited (Registered number: 08291180)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BB Fashion Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr Osman Osman





REGISTERED OFFICE: 10A Aldermans Hill
Palmers Green
London
N13 4PJ





REGISTERED NUMBER: 08291180 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

BB Fashion Limited (Registered number: 08291180)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,431 144,542

CURRENT ASSETS
Stocks 5 362,062 346,715
Debtors 6 204,702 336,340
Cash at bank and in hand 276,654 490,131
843,418 1,173,186
CREDITORS
Amounts falling due within one year 7 297,511 244,679
NET CURRENT ASSETS 545,907 928,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

681,338

1,073,049

CREDITORS
Amounts falling due after more than one year 8 14,982 24,832
NET ASSETS 666,356 1,048,217

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 666,256 1,048,117
SHAREHOLDERS' FUNDS 666,356 1,048,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

BB Fashion Limited (Registered number: 08291180)

Balance Sheet - continued
30 November 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 29 November 2024 and were signed by:





Mr Osman Osman - Director


BB Fashion Limited (Registered number: 08291180)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

BB Fashion 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer and software - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BB Fashion Limited (Registered number: 08291180)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Computer
and Motor and
fittings vehicles software Totals
£    £    £    £   
COST
At 1 December 2022 164,067 41,962 50,267 256,296
Additions 24,696 - 1,122 25,818
At 30 November 2023 188,763 41,962 51,389 282,114
DEPRECIATION
At 1 December 2022 76,844 24,857 10,053 111,754
Charge for year 22,384 4,277 8,268 34,929
At 30 November 2023 99,228 29,134 18,321 146,683
NET BOOK VALUE
At 30 November 2023 89,535 12,828 33,068 135,431
At 30 November 2022 87,223 17,105 40,214 144,542

5. STOCKS
30.11.23 30.11.22
£    £   
Finished goods 362,062 346,715

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 177,410 290,814
Prepayments 27,292 45,526
204,702 336,340

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 9) 13,531 15,564
Trade creditors 20,307 35,951
Tax 31,170 14,059
Social security and other taxes 217,345 171,466
Other creditors 609 639
Accrued expenses 14,549 7,000
297,511 244,679

BB Fashion Limited (Registered number: 08291180)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 9) 14,982 24,832

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,982 24,832

9. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 2,883 4,916
Bank loans 10,648 10,648
13,531 15,564

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,982 24,832

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1.00 100 100

11. RESERVES
Retained
earnings
£   

At 1 December 2022 1,048,117
Profit for the year 53,639
Dividends (435,500 )
At 30 November 2023 666,256