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Company Registration No. 11042588 (England and Wales)
FASHION INDUSTRY INSIDERS LIMITED Unaudited accounts for the year ended 30 November 2024
FASHION INDUSTRY INSIDERS LIMITED Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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FASHION INDUSTRY INSIDERS LIMITED Company Information for the year ended 30 November 2024
Directors
Edmond Kamara Edmond Boie Kamara
Company Number
11042588 (England and Wales)
Registered Office
4 Georges Close Orpington Kent BR5 3JR England
Accountants
D K OBENG GROUP 120 DALMALLY ROAD CROYDON CR0 6LT
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of FASHION INDUSTRY INSIDERS LIMITED for the year ended 30 November 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 INDUSTRY INSIDERS LIMITED for the year ended 30 November 2024 as set out on pages 5 - 8 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 INDUSTRY INSIDERS LIMITED, as a body, in accordance with the terms of our engagement letter dated 10 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of FASHION INDUSTRY INSIDERS LIMITED and state those matters that we have agreed to state to the Board of Directors of FASHION INDUSTRY INSIDERS 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 INDUSTRY INSIDERS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FASHION INDUSTRY INSIDERS 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 profit of FASHION INDUSTRY INSIDERS LIMITED. You consider that FASHION INDUSTRY INSIDERS 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 INDUSTRY INSIDERS 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.
D K OBENG GROUP Chartered Certified Accountants 120 DALMALLY ROAD CROYDON CR0 6LT 11 September 2025
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FASHION INDUSTRY INSIDERS LIMITED Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,061 
1,966 
Current assets
Debtors
5
25,144 
17,017 
Cash at bank and in hand
14,415 
1,550 
39,559 
18,567 
Creditors: amounts falling due within one year
6
(22,960)
(12,469)
Net current assets
16,599 
6,098 
Total assets less current liabilities
17,660 
8,064 
Creditors: amounts falling due after more than one year
7
(3,201)
(6,801)
Provisions for liabilities
Deferred tax
(202)
(374)
Net assets
14,257 
889 
Capital and reserves
Called up share capital
8
1 
1 
Capital contribution reserve
19,000 
- 
Profit and loss account
(4,744)
888 
Shareholders' funds
14,257 
889 
For the year ending 30 November 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 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 11 September 2025 and were signed on its behalf by
Edmond Kamara Director Company Registration No. 11042588
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FASHION INDUSTRY INSIDERS LIMITED Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
FASHION INDUSTRY INSIDERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11042588. The registered office is 4 Georges Close, Orpington, Kent, BR5 3JR, 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:
Plant & machinery
33.33% Straight Line
Fixtures & fittings
33.33% Straight Line
Computer equipment
33.33% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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FASHION INDUSTRY INSIDERS LIMITED Notes to the Accounts for the year ended 30 November 2024
Going concern
The Financial Statements have been prepared on a going concern basis, despite the company's balance sheet showing net liabilities of £4,129. This does not indicate that the company may be unable to continue trading. Based on the current forecasts the directors have indicated that they have the resources to make funds available to the company to enable it to meet its debts as and when they fall due for a period of at least twelve months from the date of approval of these financial statements and they are of the opinion that the going concern basis is appropriate.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
1,300 
2,118 
3,418 
At 30 November 2024
1,300 
2,118 
3,418 
Depreciation
At 1 December 2023
867 
585 
1,452 
Charge for the year
433 
472 
905 
At 30 November 2024
1,300 
1,057 
2,357 
Net book value
At 30 November 2024
- 
1,061 
1,061 
At 30 November 2023
433 
1,533 
1,966 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
25,144 
17,017 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,600 
3,600 
VAT
5,847 
- 
Taxes and social security
8,350 
7,870 
Other creditors
5,080 
- 
Accruals
83 
999 
22,960 
12,469 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,201 
6,801 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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FASHION INDUSTRY INSIDERS LIMITED Notes to the Accounts for the year ended 30 November 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Edmond Kamara
9,567 
- 
9,567 
- 
- 
17,694 
- 
17,694 
9,567 
17,694 
9,567 
17,694 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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