Commercial Fashions Limited - Limited company - abbreviated - 11.6

Commercial Fashions Limited - Limited company - abbreviated - 11.6

COMMERCIAL FASHIONS LIMITED - Company Information

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REGISTERED NUMBER: 04282176 (England and Wales)



















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

COMMERCIAL FASHIONS LIMITED

COMMERCIAL FASHIONS LIMITED (REGISTERED NUMBER: 04282176)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 August 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

COMMERCIAL FASHIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2014







DIRECTOR: Mr M Anwar



SECRETARY: Miss N Sardar



REGISTERED OFFICE: 8 Dalton Way
Priory Walk
Birmingham
West Midlands
B4 7LD



REGISTERED NUMBER: 04282176 (England and Wales)



ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD



BANKERS: Lloyds TSB Bank Plc
32-34 Alcester Road South
Kings Heath
Birmingham
B14 7PU
Page 1
COMMERCIAL FASHIONS LIMITED (REGISTERED NUMBER: 04282176)

ABBREVIATED BALANCE SHEET
31 August 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 9,311 10,955
9,311 10,955

CURRENT ASSETS
Stocks 198,700 220,350
Debtors 554 317
Cash at bank and in hand 142,572 109,842
341,826 330,509
CREDITORS
Amounts falling due within one year 158,563 194,367
NET CURRENT ASSETS 183,263 136,142
TOTAL ASSETS LESS CURRENT
LIABILITIES
192,574
147,097

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 192,572 147,095
SHAREHOLDERS' FUNDS 192,574 147,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
COMMERCIAL FASHIONS LIMITED (REGISTERED NUMBER: 04282176)

ABBREVIATED BALANCE SHEET - continued
31 August 2014


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 27 May 2015 and were signed by:





Mr M Anwar - Director


The notes form part of these abbreviated accounts

Page 3
COMMERCIAL FASHIONS LIMITED (REGISTERED NUMBER: 04282176)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 August 2014

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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 15% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2013
and 31 August 2014 10,000
AMORTISATION
At 1 September 2013
and 31 August 2014 10,000
NET BOOK VALUE

At 31 August 2014 -
At 31 August 2013 -

Page 4 continued...
COMMERCIAL FASHIONS LIMITED (REGISTERED NUMBER: 04282176)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 August 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2013
and 31 August 2014 21,124
DEPRECIATION
At 1 September 2013 10,169
Charge for year 1,644
At 31 August 2014 11,813
NET BOOK VALUE
At 31 August 2014 9,311
At 31 August 2013 10,955

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary 1 2 2

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends of £40,000 (2013: £40,000) were to the shareholders of the company. Mr Mohammed Anwar is a
shareholder and also a director.

Page 5