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REGISTERED NUMBER: 04824849 (England and Wales)


Country Fashion Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2024






Country Fashion Limited (Registered number: 04824849)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Country Fashion Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr I Bektas





REGISTERED OFFICE: Dewar House
Central Road
Harlow
Essex
CM20 2ST





REGISTERED NUMBER: 04824849 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Country Fashion Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Country Fashion Limited for the year ended 31 March 2024 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Country Fashion Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Country Fashion Limited and state those matters that we have agreed to state to the director of Country Fashion Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Country Fashion Limited and its director for our work or for this report.

It is your duty to ensure that Country Fashion Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Country Fashion Limited. You consider that Country Fashion Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Country Fashion Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


28 November 2024

Country Fashion Limited (Registered number: 04824849)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 123,079 162,201

CURRENT ASSETS
Debtors 5 181,532 160,128
Cash at bank and in hand 990,238 798,808
1,171,770 958,936
CREDITORS
Amounts falling due within one year 6 405,947 194,228
NET CURRENT ASSETS 765,823 764,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

888,902

926,909

PROVISIONS FOR LIABILITIES 7 30,769 30,640
NET ASSETS 858,133 896,269

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 857,133 895,269
SHAREHOLDERS' FUNDS 858,133 896,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Country Fashion Limited (Registered number: 04824849)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 November 2024 and were signed by:





Mr I Bektas - Director


Country Fashion Limited (Registered number: 04824849)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Country 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the right to consideration is obtained. Turnover is generated from the ordinary activities of the business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the life of the lease
Plant and machinery - 25% on reducing balance
FF & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.


Country Fashion Limited (Registered number: 04824849)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 5,484 499,010 504,494
Additions - 1,905 1,905
At 31 March 2024 5,484 500,915 506,399
DEPRECIATION
At 1 April 2023 5,483 336,810 342,293
Charge for year - 41,027 41,027
At 31 March 2024 5,483 377,837 383,320
NET BOOK VALUE
At 31 March 2024 1 123,078 123,079
At 31 March 2023 1 162,200 162,201

Country Fashion Limited (Registered number: 04824849)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106,884 104,360
Other debtors 74,648 55,768
181,532 160,128

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,765 12,470
Taxation and social security 15,489 7,018
Other creditors 378,693 174,740
405,947 194,228

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 30,769 30,640

Deferred
tax
£   
Balance at 1 April 2023 30,640
Charge to Income Statement during year 129
Balance at 31 March 2024 30,769

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

Country Fashion Limited (Registered number: 04824849)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. RESERVES
Retained
earnings
£   

At 1 April 2023 895,269
Profit for the year 11,864
Dividends (50,000 )
At 31 March 2024 857,133

10. RELATED PARTY DISCLOSURES

Transactions with member of key management personnel:

On the balance sheet date, the company owes £1,261 (2023:£1,699).
An interest free loan is payable on demand and presented within the creditors' note.

Transactions with company under common control:

On the balance sheet date, company owes £375,152 (2023:£170,761).
An interest free loan is payable on demand and presented within the creditors' note.