REGISTERED NUMBER: 04372526 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

A & K Fashions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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

FIXED ASSETS

Tangible assets

2

2,702

2

Investments

3

1,115,000

1,115,000

1,117,702

1,115,002

CURRENT ASSETS

Stocks

6,125

15,682

Debtors

1,957

255

Cash at bank and in hand

1,734

2,083

9,816

18,020

CREDITORS

Amounts falling due within one year

441,552

472,147

NET CURRENT LIABILITIES

(431,736

)

(454,127

)

TOTAL ASSETS LESS CURRENT LIABILITIES

685,966

660,875

CREDITORS

Amounts falling due after more than one year

295,213

317,226

NET ASSETS

390,753

343,649

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

141,347

141,347

Profit and loss account

249,404

202,300

SHAREHOLDERS' FUNDS

390,753

343,649

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 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.

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 Board of Directors on 19 September 2016 and were signed on its behalf by:

K Singh - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets 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 rates calculated to write off the cost or valuation less residual value of each asset

over its expected useful life, as follows :-

Leasehold property - straight line over the life of the lease.

Fixtures and fittings - 12.5% straight line.

Motor vehicles - 25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

35,832

Additions

3,600

At 31 March 2016

39,432

DEPRECIATION

At 1 April 2015

35,830

Charge for year

900

At 31 March 2016

36,730

NET BOOK VALUE

At 31 March 2016

2,702

At 31 March 2015

2

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1 April 2015

and 31 March 2016

1,115,000

NET BOOK VALUE

At 31 March 2016

1,115,000

At 31 March 2015

1,115,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

1

2

2