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REGISTERED NUMBER: 15009409 (England and Wales)











Unaudited Financial Statements

for the Period 18 July 2023 to 30 June 2024

for

AMK Clothing Limited

AMK Clothing Limited (Registered number: 15009409)

Contents of the Financial Statements
for the Period 18 July 2023 to 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


AMK Clothing Limited

Company Information
for the Period 18 July 2023 to 30 June 2024







DIRECTOR: K Lawji





REGISTERED OFFICE: 4 Enterprise Court
Downmill Road
Bracknell
Berkshire
RG12 1QS





REGISTERED NUMBER: 15009409 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

AMK Clothing Limited (Registered number: 15009409)

Statement of Financial Position
30 June 2024

Notes £   
FIXED ASSETS
Intangible assets 4 15,111
Tangible assets 5 18,307
33,418

CURRENT ASSETS
Stocks 6 65,000
Debtors 7 247
Cash at bank 8,713
73,960
CREDITORS
Amounts falling due within one year 8 (85,667 )
NET CURRENT LIABILITIES (11,707 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,711

CAPITAL AND RESERVES
Called up share capital 200
Retained earnings 21,511
21,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

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

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 5 March 2025 and were signed by:





K Lawji - Director


AMK Clothing Limited (Registered number: 15009409)

Notes to the Financial Statements
for the Period 18 July 2023 to 30 June 2024


1. STATUTORY INFORMATION

AMK Clothing 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.

Due to this being the company's first period since incorporation, the accounting period is slightly shorter than one year.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are being amortised evenly over their estimated useful life of three years.

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 cost

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 period 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.

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 period 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.

AMK Clothing Limited (Registered number: 15009409)

Notes to the Financial Statements - continued
for the Period 18 July 2023 to 30 June 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 17,000
At 30 June 2024 17,000
AMORTISATION
Charge for period 1,889
At 30 June 2024 1,889
NET BOOK VALUE
At 30 June 2024 15,111

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 22,382
At 30 June 2024 22,382
DEPRECIATION
Charge for period 4,075
At 30 June 2024 4,075
NET BOOK VALUE
At 30 June 2024 18,307

6. STOCKS
£   
Stocks 65,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Prepayments 247

AMK Clothing Limited (Registered number: 15009409)

Notes to the Financial Statements - continued
for the Period 18 July 2023 to 30 June 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 42
Tax 798
VAT 1,217
Other creditors 5,000
Director's current account 75,692
Accruals 2,918
85,667

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2024:

£   
K Lawji
Balance outstanding at start of period -
Amounts advanced 55,800
Amounts repaid (131,492 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (75,692 )

The above loan is unsecured, interest free and repayable on demand.