Abbreviated Company Accounts - RARE FASHION LIMITED

RARE FASHION LIMITED - Company Information

08345420 RARE FASHION LIMITED 2014-03-31 false 2013-01-03 2014-03-31 true 08345420 2013-01-03 2014-03-31 08345420 2014-03-31 08345420 uk-gaap-cd-bus:Director1 2013-01-03 2014-03-31 08345420 uk-gaap-cd-bus:Director2 2013-01-03 2014-03-31 uk-gaap-cd-bus:Director3 2013-01-03 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-03 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 08345420

RARE FASHION LIMITED

Abbreviated Accounts

31 March 2014

RARE FASHION LIMITED Registered Number 08345420

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	22,971
		22,971
Current assets
Stocks		351,899
Debtors		110,577
Cash at bank and in hand		77,249
		539,725
Creditors: amounts falling due within one year		(398,921)
Net current assets (liabilities)		140,804
Total assets less current liabilities		163,775
Creditors: amounts falling due after more than one year		(200,000)
Total net assets (liabilities)		(36,225)
Capital and reserves
Called up share capital	3	1
Profit and loss account		(36,226)
Shareholders' funds		(36,225)

For the year ending 31 March 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 December 2014

And signed on their behalf by:
Mrs R Talwar, Director

RARE FASHION LIMITED Registered Number 08345420

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Fixtures & fittings - 33% straight line
Office equipment - 33% straight line

2Tangible fixed assets

	£
Cost
Additions	34,457
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	34,457
Depreciation
Charge for the year	11,486
On disposals	-
At 31 March 2014	11,486
Net book values
At 31 March 2014	22,971

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
1 Ordinary shares of £1 each	1

4Transactions with directors

Name of director receiving advance or credit:	R Talwar
Description of the transaction:	Included within other creditors is £244,120 owed to members of the directors family
Balance at 3 January 2013:	-
Advances or credits made:	£ 244,120
Advances or credits repaid:	-
Balance at 31 March 2014:	£ 244,120