REGISTERED NUMBER: 04372526 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

A & K Fashions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Singh

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

4

2

2

Investments

5

1,115,000

1,115,000

1,115,002

1,115,002

CURRENT ASSETS

Debtors

6

1,012

3,241

Cash at bank

43

43

1,055

3,284

CREDITORS

Amounts falling due within one year

7

415,387

423,826

NET CURRENT LIABILITIES

(414,332

)

(420,542

)

TOTAL ASSETS LESS CURRENT LIABILITIES

700,670

694,460

CREDITORS

Amounts falling due after more than one year

8

247,125

272,211

NET ASSETS

453,545

422,249

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

9

141,347

141,347

Retained earnings

312,196

280,900

453,545

422,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 11 December 2018 and were signed on its behalf by:

K Singh - Director

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

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 NIL (2017 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

12,572

23,260

35,832

DEPRECIATION

At 1 April 2017

and 31 March 2018

12,571

23,259

35,830

NET BOOK VALUE

At 31 March 2018

1

1

2

At 31 March 2017

1

1

2

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2017

and 31 March 2018

1,115,000

NET BOOK VALUE

At 31 March 2018

1,115,000

At 31 March 2017

1,115,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

1,012

3,241

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

389,283

387,486

Trade creditors

574

2,791

Taxation and social security

10,181

14,530

Other creditors

15,349

19,019

415,387

423,826

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

247,125

272,211

9.

RESERVES

Revaluation

reserve

£

At 1 April 2017

and 31 March 2018

141,347