Peter Haq Fashions Limited - Filleted accounts

Registered number

01411338

Peter Haq Fashions Limited

Filleted Accounts

31 March 2025

Peter Haq Fashions Limited
Registered number:		01411338
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		10,400			10,400
Tangible assets	4		5,877			5,877
			16,277			16,277

Current assets
Stocks		45,288			42,774
Debtors	5	-			-
Cash at bank and in hand		13,669			8,479
		58,957			51,253

Creditors: amounts falling due within one year	6	(33,517)			(26,217)

Net current assets			25,440			25,036

Net assets			41,717			41,313

Capital and reserves
Called up share capital			30,000			30,000
Profit and loss account			11,717			11,313

Shareholders' funds			41,717			41,313

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Amer Ihsan Haq
Director
Approved by the board on 7 October 2025

Peter Haq Fashions Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		4


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							10,400
	At 31 March 2025							10,400

	Amortisation
	At 31 March 2025							-

	Net book value
	At 31 March 2025							10,400
	At 31 March 2024							10,400

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	5,464		138,204		3,626		147,294
	Disposals	-		-		-		-
	At 31 March 2025	5,464		138,204		3,626		147,294

	Depreciation
	At 1 April 2024	-		137,791		3,626		141,417
	On disposals	-		-		-		-
	At 31 March 2025	-		137,791		3,626		141,417

	Net book value
	At 31 March 2025	5,464		413		-		5,877
	At 31 March 2024	5,464		413		-		5,877


5	Debtors					2025		2024
£							£

	Other debtors					-		-


6	Creditors: amounts falling due within one year					2025		2024
£							£
	Propose dividend					-
	Trade creditors					24,699		17,262
	Director loan					1,405		1,405
	Corporation tax					101		580
	Other creditors					7,312		6,970
						33,517		26,217


7	Other information

	Peter Haq Fashions Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 89/94 Market Hall
	Oldham
	OL1 3BD
						2,025		2,024
4	Profit & Loss Account					£		£
	At 1April 2024					11,313		8,838
	profit for the year					404		2,475

						11,717		11,313