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Company Registration No. 12550798 (England and Wales)
Fashion Ventures Limited Unaudited accounts for the year ended 30 April 2024
Fashion Ventures Limited Unaudited accounts Contents
Page
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Fashion Ventures Limited Company Information for the year ended 30 April 2024
Director
Mark Evans
Company Number
12550798 (England and Wales)
Registered Office
189C MAULDETH ROAD MANCHESTER M19 1BA ENGLAND
Accountants
Enso Accountants Ltd 189c Mauldeth Road Manchester M191BA
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Fashion Ventures Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
45,770 
49,295 
Debtors
- 
67,699 
Cash at bank and in hand
22,111 
20,510 
67,881 
137,504 
Creditors: amounts falling due within one year
(211,151)
(215,382)
Net current liabilities
(143,270)
(77,878)
Net liabilities
(143,270)
(77,878)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(143,271)
(77,879)
Shareholders' funds
(143,270)
(77,878)
For the year ending 30 April 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.
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 20 January 2025 and were signed on its behalf by
Mark Evans Director Company Registration No. 12550798
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Fashion Ventures Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Fashion Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 12550798. The registered office is 189C MAULDETH ROAD, MANCHESTER, M19 1BA, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The directors have carefully reviewed the company's current financial position, future cash flows, and the availability of financing, and they have assessed the company's ability to meet its obligations as they fall due.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,176 
Other debtors
- 
66,523 
- 
67,699 
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Fashion Ventures Limited Notes to the Accounts for the year ended 30 April 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
15,618 
2,335 
Trade creditors
23,325 
- 
Amounts owed to group undertakings and other participating interests
3,086 
- 
Taxes and social security
8,241 
- 
Other creditors
10,625 
- 
Loans from directors
95,900 
68,344 
Accruals
54,356 
144,703 
211,151 
215,382 
6
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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