REGISTERED NUMBER: 03169321 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

A M S CLOTHING LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J S Sandhu

REGISTERED OFFICE:

48-50 Rolleston Street

Leicester

England

Leicestershire

LE5 3ST

REGISTERED NUMBER:

03169321 (England and Wales)

ACCOUNTANTS:

K G Solanki & Co.

Hamilton House

315 St Saviours Road

Leicester

Leicestershire

LE5 4HG

FIXED ASSETS

Tangible assets

3

-

16,214

CURRENT ASSETS

Debtors

4

111,679

111,679

Cash at bank

302

990

111,981

112,669

CREDITORS

Amounts falling due within one year

5

302,094

302,566

NET CURRENT LIABILITIES

(190,113

)

(189,897

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(190,113

)

(173,683

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(191,113

)

(174,683

)

SHAREHOLDERS' FUNDS

(190,113

)

(173,683

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 June 2018 and were signed by:

Mrs P K Sandhu - Director

1.	STATUTORY INFORMATION

A M S Clothing Ltd. 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.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

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.

3.	TANGIBLE FIXED ASSETS

Short

leasehold

£

COST

At 1 October 2016

20,268

Disposals

(20,268

)

At 30 September 2017

-

DEPRECIATION

At 1 October 2016

4,054

Eliminated on disposal

(4,054

)

At 30 September 2017

-

NET BOOK VALUE

At 30 September 2017

-

At 30 September 2016

16,214

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

111,679

111,679

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

624

-

Trade creditors

7,336

7,336

Taxation and social security

-

279,001

Other creditors

294,134

16,229

302,094

302,566

6.	SECURED DEBTS

The company has registered a fixed and floating charge dated 12th January 2015 in favour of Barclays Bank

plc.

7.	RELATED PARTY DISCLOSURES

Other debtors are made of payments made on behalf of AMS Leicester Ltd a company in which the director is

also a shareholder/ director.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs P K Sandhu.