Fazane Malik Clothing Ltd

Fazane Malik Clothing Ltd

FAZANE MALIK CLOTHING LTD - Company Information

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1 July 2021 false No description of principal activity Taxfiler 2023.2 07688865business:PrivateLimitedCompanyLtd2021-07-012022-06-30 076888652021-06-30 076888652021-07-012022-06-30 07688865business:AuditExemptWithAccountantsReport2021-07-012022-06-30 07688865business:FullAccounts2021-07-012022-06-30 076888652022-06-30 07688865business:Director12021-07-012022-06-30 07688865business:RegisteredOffice2021-07-012022-06-30 076888652021-06-30 07688865core:WithinOneYear2022-06-30 07688865core:WithinOneYear2021-06-30 07688865core:AfterOneYear2022-06-30 07688865core:AfterOneYear2021-06-30 07688865core:ShareCapital2022-06-30 07688865core:ShareCapital2021-06-30 07688865core:RetainedEarningsAccumulatedLosses2022-06-30 07688865core:RetainedEarningsAccumulatedLosses2021-06-30 07688865business:SmallEntities2021-07-012022-06-30 07688865countries:EnglandWales2021-07-012022-06-30 07688865core:PlantMachinery2021-07-012022-06-30 07688865core:FurnitureFittings2021-07-012022-06-30 07688865core:ComputerEquipment2021-07-012022-06-30 07688865core:PlantMachinery2021-06-30 07688865core:FurnitureFittings2021-06-30 07688865core:ComputerEquipment2021-06-30 07688865core:PlantMachinery2022-06-30 07688865core:FurnitureFittings2022-06-30 07688865core:ComputerEquipment2022-06-30 076888652020-07-012021-06-30 iso4217:GBP xbrli:pure
Company Registration No. 07688865 (England and Wales)
Fazane Malik Clothing Ltd Unaudited accounts for the year ended 30 June 2022
Fazane Malik Clothing Ltd Unaudited accounts Contents
Page
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Fazane Malik Clothing Ltd Company Information for the year ended 30 June 2022
Director
F Fox
Company Number
07688865 (England and Wales)
Registered Office
OFFICE 2 39A MAIN STREET KIMBERLEY NOTTINGHAMSHIRE NG16 2NG ENGLAND
Accountants
Bob Stevens Management Ltd 46 Eltham Road West Bridgford Nottingham, NG7 6LB
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Fazane Malik Clothing Ltd Statement of financial position as at 30 June 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
11,873 
13,264 
Current assets
Inventories
19,868 
68,168 
Debtors
5
29,663 
59,561 
Cash at bank and in hand
(15,596)
37,491 
33,935 
165,220 
Creditors: amounts falling due within one year
6
(76,041)
(118,149)
Net current (liabilities)/assets
(42,106)
47,071 
Total assets less current liabilities
(30,233)
60,335 
Creditors: amounts falling due after more than one year
7
(42,335)
(60,224)
Net (liabilities)/assets
(72,568)
111 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(72,668)
11 
Shareholders' funds
(72,568)
111 
For the year ending 30 June 2022 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 March 2023 and were signed on its behalf by
F Fox Director Company Registration No. 07688865
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Fazane Malik Clothing Ltd Notes to the Accounts for the year ended 30 June 2022
1
Statutory information
Fazane Malik Clothing Ltd is a private company, limited by shares, registered in England and Wales, registration number 07688865. The registered office is OFFICE 2, 39A MAIN STREET, KIMBERLEY, NOTTINGHAMSHIRE, NG16 2NG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2021
21,350 
2,234 
2,157 
25,741 
Additions
- 
2,381 
1,027 
3,408 
At 30 June 2022
21,350 
4,615 
3,184 
29,149 
Depreciation
At 1 July 2021
10,070 
977 
1,430 
12,477 
Charge for the year
2,820 
910 
1,069 
4,799 
At 30 June 2022
12,890 
1,887 
2,499 
17,276 
Net book value
At 30 June 2022
8,460 
2,728 
685 
11,873 
At 30 June 2021
11,280 
1,257 
727 
13,264 
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Fazane Malik Clothing Ltd Notes to the Accounts for the year ended 30 June 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
29,663 
58,127 
Accrued income and prepayments
- 
1,434 
29,663 
59,561 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
20,986 
38,647 
Taxes and social security
25,235 
52,830 
Other creditors
791 
- 
Loans from directors
29,029 
26,672 
76,041 
118,149 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
42,335 
60,224 
8
Average number of employees
During the year the average number of employees was 4 (2021: 4).
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