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Company Registration No. 05668262 (England and Wales)
FASHION X FACTOR LIMITED Unaudited accounts for the year ended 31 March 2025
FASHION X FACTOR LIMITED Unaudited accounts Contents
Page
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FASHION X FACTOR LIMITED Company Information for the year ended 31 March 2025
Directors
Ashish Gupta Ashish Gupta
Company Number
05668262 (England and Wales)
Registered Office
18 Greenheys Drive London London E18 2HB England
Accountants
Equifin Accountancy Ltd Unit A-4 Livingstone Court 55 Peel Road Harrow Middlesex HA3 7QT
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FASHION X FACTOR LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,419 
24,912 
Current assets
Inventories
128,265 
203,205 
Debtors
31,224 
24,809 
Cash at bank and in hand
45,609 
13,858 
205,098 
241,872 
Creditors: amounts falling due within one year
(125,260)
(127,495)
Net current assets
79,838 
114,377 
Total assets less current liabilities
98,257 
139,289 
Creditors: amounts falling due after more than one year
(27,289)
(25,628)
Provisions for liabilities
Other provisions
- 
(9,675)
Net assets
70,968 
103,986 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
70,868 
103,886 
Shareholders' funds
70,968 
103,986 
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by
Ashish Gupta Director Company Registration No. 05668262
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FASHION X FACTOR LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
FASHION X FACTOR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05668262. The registered office is 18 Greenheys Drive, London, London, E18 2HB, 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
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FASHION X FACTOR LIMITED Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
45,779 
19,783 
- 
65,562 
Additions
- 
2,500 
3,251 
5,751 
At 31 March 2025
45,779 
22,283 
3,251 
71,313 
Depreciation
At 1 April 2024
27,468 
13,182 
- 
40,650 
Charge for the year
9,156 
3,088 
- 
12,244 
At 31 March 2025
36,624 
16,270 
- 
52,894 
Net book value
At 31 March 2025
9,155 
6,013 
3,251 
18,419 
At 31 March 2024
18,311 
6,601 
- 
24,912 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,224 
24,809 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
- 
10,648 
VAT
22,251 
29,235 
Obligations under finance leases and hire purchase contracts
- 
11,883 
Trade creditors
91,885 
58,580 
Taxes and social security
6,338 
4,856 
Loans from directors
1,766 
9,453 
Accruals
3,020 
2,840 
125,260 
127,495 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
16,516 
15,965 
Obligations under finance leases and hire purchase contracts
10,773 
9,663 
27,289 
25,628 
Bank Loan includes unsecured Bounce back Loan from HSBC.
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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