REGISTERED NUMBER: 03672295 (England and Wales)

Abbreviated Accounts for the Year Ended 31 May 2016

for

A.B. Fashions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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

FIXED ASSETS

Tangible assets

2

1,700

2,124

CURRENT ASSETS

Stocks

49,000

42,000

Debtors

10,604

1,250

Cash in hand

2,742

3,163

62,346

46,413

CREDITORS

Amounts falling due within one year

57,400

47,899

NET CURRENT ASSETS/(LIABILITIES)

4,946

(1,486

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,646

638

CAPITAL AND RESERVES

Called up share capital

3

3

3

Profit and loss account

6,643

635

SHAREHOLDERS' FUNDS

6,646

638

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 10 July 2016 and were signed by:

Mr M S Athwal - 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

10,908

DEPRECIATION

At 1 June 2015

8,784

Charge for year

424

At 31 May 2016

9,208

NET BOOK VALUE

At 31 May 2016

1,700

At 31 May 2015

2,124

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

3

Ordinary

£1

3

3