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REGISTERED NUMBER: 08557318 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

4FASHIONS LTD

4FASHIONS LTD (REGISTERED NUMBER: 08557318)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


4FASHIONS LTD

Company Information
for the Year Ended 30 June 2024







Directors: Y Lin
H Jiang
X Wang





Registered office: Unit 3
Manchester Trade Park
Holt Street
Manchester
M40 5AX





Registered number: 08557318 (England and Wales)





Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

4FASHIONS LTD (REGISTERED NUMBER: 08557318)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 14,966 16,362

Current assets
Stocks 186,199 545,456
Debtors 6 2,136,838 1,628,420
Cash at bank 1,882,555 3,027,592
4,205,592 5,201,468
Creditors
Amounts falling due within one year 7 2,289,004 3,955,067
Net current assets 1,916,588 1,246,401
Total assets less current liabilities 1,931,554 1,262,763

Provisions for liabilities 3,742 4,091
Net assets 1,927,812 1,258,672

Capital and reserves
Called up share capital 8 400 400
Retained earnings 1,927,412 1,258,272
Shareholders' funds 1,927,812 1,258,672

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Y Lin - Director


4FASHIONS LTD (REGISTERED NUMBER: 08557318)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. Statutory information

4Fashions Ltd 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.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.
Improvements to property - straight line over the term of the lease
Plant and machinery - 20% straight line
Fixtures, fittings and equipment - 20% straight line
Computer equipment - 33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

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 Profit and Loss Account, 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.

4FASHIONS LTD (REGISTERED NUMBER: 08557318)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. Accounting policies - continued

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.

Debtors receivable and creditors payable due within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in administrative expenses.

4. Employees and directors

The average number of employees during the year was 22 (2023 - 23 ) .

5. Tangible fixed assets
Fixtures,
Improvements fittings
to Plant and and Computer
property machinery equipment equipment Totals
£    £    £    £    £   
Cost
At 1 July 2023 228,007 4,725 91,045 50,341 374,118
Additions - - - 8,087 8,087
At 30 June 2024 228,007 4,725 91,045 58,428 382,205
Depreciation
At 1 July 2023 228,007 4,350 80,513 44,886 357,756
Charge for year - 147 4,468 4,868 9,483
At 30 June 2024 228,007 4,497 84,981 49,754 367,239
Net book value
At 30 June 2024 - 228 6,064 8,674 14,966
At 30 June 2023 - 375 10,532 5,455 16,362

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,633,977 1,032,233
Amounts owed by group undertakings 7,813 9,313
Other debtors 495,048 586,874
2,136,838 1,628,420

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Payments on account 1,604,644 1,588,755
Trade creditors 435,465 1,187,148
Taxation and social security 218,636 1,167,622
Other creditors 30,259 11,542
2,289,004 3,955,067

4FASHIONS LTD (REGISTERED NUMBER: 08557318)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. Called up share capital

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
400 Share capital 1 £1 400 400

9. Other financial commitments

At the year end the company has financial commitments of £523,437 (2023 - £nil) under non-cancellable operating leases.

10. Ultimate controlling party

The company is controlled by 4Y Group Limited by virtue of it owning 100% of the issued share capital of the company.