A & N KNITWEAR LIMITED

Company Registration Number:
05178483 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2017

Period of accounts

Start date: 01 August 2016

End date: 31 July 2017

A & N KNITWEAR LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2017

Balance sheet
Notes

A & N KNITWEAR LIMITED

Balance sheet

As at 31 July 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 19,958 23,482
Total fixed assets: 19,958 23,482
Current assets
Stocks: 95,000 77,500
Debtors:   40,761 29,670
Cash at bank and in hand: 1,871 2,756
Total current assets: 137,632 109,926
Net current assets (liabilities): 137,632 109,926
Total assets less current liabilities: 157,590 133,408
Creditors: amounts falling due after more than one year:   (157,452) (130,067)
Total net assets (liabilities): 138 3,341
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 38 3,241
Shareholders funds: 138 3,341

The notes form part of these financial statements

A & N KNITWEAR LIMITED

Balance sheet statements

For the year ending 31 July 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 April 2018
and signed on behalf of the board by:

Name: Mr M Akram
Status: Director

The notes form part of these financial statements

A & N KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Plant & Machinery - 15% reducing balanceEquipment - 15% reducing balance

A & N KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

2. Employees

2017 2016
Average number of employees during the period 11 11

A & N KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

3. Tangible Assets

Total
Cost £
At 01 August 2016 58,736
At 31 July 2017 58,736
Depreciation
At 01 August 2016 35,254
Charge for year 3,524
At 31 July 2017 38,778
Net book value
At 31 July 2017 19,958
At 31 July 2016 23,482

A & N KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

4. Related party transactions

Name of the related party: Mr M Akram
Relationship:
Managing Director & Shareholder
Description of the Transaction: The company was under the control of Mr M Akram throughout the current and previous year. Mr M Akram is the managing director and shareholder.The director's current account had a credit balance of £1,921 as at 31 July 2017 (2016 - £1,141.During the year to 31 July 2017 a dividend was voted to the company shareholders of £6,000 (2016 - £Nil).No other transactions withrelated parties were undertaken such as are require to be disclosed under FRSSE.
£
Balance at 01 August 2016 1,141
Balance at 31 July 2017 1,921