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REGISTERED NUMBER: 04372526 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2017

for

A & K Fashions Ltd

A & K Fashions Ltd (Registered number: 04372526)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & K Fashions Ltd

Company Information
for the Year Ended 31 March 2017







DIRECTORS: K Singh
Mrs K Kaur





SECRETARY: Mrs K Kaur





REGISTERED OFFICE: 9 Stonehouse Street
Middlesbrough
Cleveland
TS5 6HR





REGISTERED NUMBER: 04372526 (England and Wales)





ACCOUNTANTS: Wasley Chapman LLP
Chartered Accountants
5 Bobbies Bank
Whitby
North Yorkshire
YO21 1EF

A & K Fashions Ltd (Registered number: 04372526)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 2,702
Investments 5 1,115,000 1,115,000
1,115,002 1,117,702

CURRENT ASSETS
Stocks - 6,125
Debtors 6 3,241 1,957
Cash at bank and in hand 43 1,734
3,284 9,816
CREDITORS
Amounts falling due within one year 7 423,826 441,552
NET CURRENT LIABILITIES (420,542 ) (431,736 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

694,460

685,966

CREDITORS
Amounts falling due after more than one
year

8

272,211

295,213
NET ASSETS 422,249 390,753

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 141,347 141,347
Retained earnings 280,900 249,404
422,249 390,753

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

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

The directors acknowledge their 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.

A & K Fashions Ltd (Registered number: 04372526)

Balance Sheet - continued
31 March 2017


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 Board of Directors on 23 August 2017 and were signed on its behalf by:





K Singh - Director


A & K Fashions Ltd (Registered number: 04372526)

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

1. STATUTORY INFORMATION

A & K Fashions 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 12.5% 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.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

A & K Fashions Ltd (Registered number: 04372526)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2016 12,572 26,860 39,432
Disposals - (3,600 ) (3,600 )
At 31 March 2017 12,572 23,260 35,832
DEPRECIATION
At 1 April 2016 12,571 24,159 36,730
Eliminated on disposal - (900 ) (900 )
At 31 March 2017 12,571 23,259 35,830
NET BOOK VALUE
At 31 March 2017 1 1 2
At 31 March 2016 1 2,701 2,702

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2016
and 31 March 2017 1,115,000
NET BOOK VALUE
At 31 March 2017 1,115,000
At 31 March 2016 1,115,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 3,241 1,957

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 387,486 391,571
Trade creditors 2,791 8,154
Taxation and social security 14,530 15,721
Other creditors 19,019 26,106
423,826 441,552

A & K Fashions Ltd (Registered number: 04372526)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans 272,211 295,213

9. RESERVES
Revaluation
reserve
£   
At 1 April 2016
and 31 March 2017 141,347