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REGISTERED NUMBER: 03672295 (England and Wales)















Financial Statements for the Year Ended 31 May 2017

for

A.B. Fashions Limited

A.B. Fashions Limited (Registered number: 03672295)






Contents of the Financial Statements
for the Year Ended 31 May 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.B. Fashions Limited

Company Information
for the Year Ended 31 May 2017







DIRECTOR: Mr M S Athwal





SECRETARY: Mrs J K Athwal





REGISTERED OFFICE: 36A Bradley Road
Slough
Berkshire
SL1 3PP





REGISTERED NUMBER: 03672295 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Certified Accountants
31 Longford Gardens
Hayes
Middlesex
UB4 0JW

A.B. Fashions Limited (Registered number: 03672295)

Balance Sheet
31 May 2017

31.5.17 31.5.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,361 1,700

CURRENT ASSETS
Stocks 32,500 49,000
Debtors 5 1,970 10,604
Cash in hand 1,547 2,742
36,017 62,346
CREDITORS
Amounts falling due within one year 6 30,724 57,400
NET CURRENT ASSETS 5,293 4,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,654

6,646

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 6,651 6,643
SHAREHOLDERS' FUNDS 6,654 6,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 February 2018 and were signed by:





Mr M S Athwal - Director


A.B. Fashions Limited (Registered number: 03672295)

Notes to the Financial Statements
for the Year Ended 31 May 2017

1. STATUTORY INFORMATION

A.B. Fashions Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 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.
Fixtures and equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4. TANGIBLE FIXED ASSETS
Fixtures
and
equipment
£   
COST
At 1 June 2016
and 31 May 2017 10,908
DEPRECIATION
At 1 June 2016 9,208
Charge for year 339
At 31 May 2017 9,547
NET BOOK VALUE
At 31 May 2017 1,361
At 31 May 2016 1,700

A.B. Fashions Limited (Registered number: 03672295)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade debtors - 9,354
Other debtors 1,970 1,250
1,970 10,604

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Bank loans and overdrafts 5,214 2,651
Trade creditors 21,306 42,869
Taxation and social security 773 882
Other creditors 3,431 10,998
30,724 57,400

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of this company is Mr M S Athwal.