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Company Registration No. 10016137 (England and Wales)
FASHION GATEWAY LIMITED Unaudited accounts for the year ended 29 February 2024
FASHION GATEWAY LIMITED Unaudited accounts Contents
Page
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FASHION GATEWAY LIMITED Company Information for the year ended 29 February 2024
Director
Muhammad Tahir
Company Number
10016137 (England and Wales)
Registered Office
Unit E1,Ground Floor, 23 Broughton Street, Broughton Street, Manchester, M8 8LZ England
Accountants
THE TAXCOM ACCOUNTANTS LLP 109 CHEETHAM HILL ROAD MANCHESTER M8 8PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of FASHION GATEWAY LIMITED for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FASHION GATEWAY LIMITED for the year ended 29 February 2024 as set out on pages 5 - 6 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of FASHION GATEWAY LIMITED, as a body, in accordance with the terms of our engagement letter dated 1 March 2016. Our work has been undertaken solely to prepare for your approval the accounts of FASHION GATEWAY LIMITED and state those matters that we have agreed to state to the Board of Directors of FASHION GATEWAY LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FASHION GATEWAY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FASHION GATEWAY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of FASHION GATEWAY LIMITED. You consider that FASHION GATEWAY 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 accounts of FASHION GATEWAY 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 accounts.
THE TAXCOM ACCOUNTANTS LLP Chartered Certified Accountants 109 CHEETHAM HILL ROAD MANCHESTER M8 8PY 22 November 2024
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FASHION GATEWAY LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,702 
5,288 
Current assets
Inventories
28,080 
28,080 
Debtors
31,731 
14,125 
Cash at bank and in hand
4,655 
3,761 
64,466 
45,966 
Creditors: amounts falling due within one year
(48,569)
(22,061)
Net current assets
15,897 
23,905 
Total assets less current liabilities
19,599 
29,193 
Creditors: amounts falling due after more than one year
(58,965)
(51,998)
Net liabilities
(39,366)
(22,805)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(39,466)
(22,905)
Shareholders' funds
(39,366)
(22,805)
For the year ending 29 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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
Muhammad Tahir Director Company Registration No. 10016137
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FASHION GATEWAY LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
FASHION GATEWAY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10016137. The registered office is Unit E1,Ground Floor,, 23 Broughton Street, Broughton Street,, Manchester,, M8 8LZ, 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:
Computer equipment
30
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
9,210 
At 29 February 2024
9,210 
Depreciation
At 1 March 2023
3,922 
Charge for the year
1,586 
At 29 February 2024
5,508 
Net book value
At 29 February 2024
3,702 
At 28 February 2023
5,288 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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