REGISTERED NUMBER: 02483011

Abbreviated Accounts

for the Year Ended 31 March 2016

for

A B Clothing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr H S Rana

SECRETARY:

Mrs S Rana

REGISTERED OFFICE:

63/71 Britannia Street

Leicester

Leicestershire

LE1 3LE

REGISTERED NUMBER:

02483011

FIXED ASSETS

Intangible assets

2

2,000

2,000

Tangible assets

3

3,265

4,352

5,265

6,352

CURRENT ASSETS

Stocks

23,250

22,750

Debtors

203,367

161,118

Cash at bank and in hand

3,599

4,378

230,216

188,246

CREDITORS

Amounts falling due within one year

206,513

170,922

NET CURRENT ASSETS

23,703

17,324

TOTAL ASSETS LESS CURRENT LIABILITIES

28,968

23,676

PROVISIONS FOR LIABILITIES

240

366

NET ASSETS

28,728

23,310

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

28,628

23,210

SHAREHOLDERS' FUNDS

28,728

23,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 December 2016 and were signed by:

Mr H S Rana - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

2,000

NET BOOK VALUE

At 31 March 2016

2,000

At 31 March 2015

2,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

103,242

DEPRECIATION

At 1 April 2015

98,890

Charge for year

1,087

At 31 March 2016

99,977

NET BOOK VALUE

At 31 March 2016

3,265

At 31 March 2015

4,352

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary Share

£1.00

100

100