Abbreviated Company Accounts - FASHION X FACTOR LIMITED

FASHION X FACTOR LIMITED - Company Information

05668262 FASHION X FACTOR LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 05668262 2013-04-01 2014-03-31 05668262 2014-03-31 05668262 2013-03-31 05668262 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 05668262 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 05668262

FASHION X FACTOR LIMITED

Abbreviated Accounts

31 March 2014

FASHION X FACTOR LIMITED Registered Number 05668262

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	100	150
Tangible assets	3	2,897	3,409
		2,997	3,559
Current assets
Stocks		145,307	108,794
Debtors		28,193	26,724
Cash at bank and in hand		39,410	18,560
		212,910	154,078
Creditors: amounts falling due within one year		(103,656)	(53,916)
Net current assets (liabilities)		109,254	100,162
Total assets less current liabilities		112,251	103,721
Total net assets (liabilities)		112,251	103,721
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		112,151	103,621
Shareholders' funds		112,251	103,721

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 31 December 2014

And signed on their behalf by:
Ashish Gupta, Director

FASHION X FACTOR LIMITED Registered Number 05668262

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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities. Revenue is recognised for the services as the services are performed.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follow:
Fixtures, fittings and equipment – 15% per annum on reducing balance basis

Other accounting policies
Going Concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate having regard to the circumstances.

2Intangible fixed assets

	£
Cost
At 1 April 2013	250
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	250
Amortisation
At 1 April 2013	100
Charge for the year	50
On disposals	-
At 31 March 2014	150
Net book values
At 31 March 2014	100
At 31 March 2013	150

3Tangible fixed assets

	£
Cost
At 1 April 2013	6,669
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	6,669
Depreciation
At 1 April 2013	3,260
Charge for the year	512
On disposals	-
At 31 March 2014	3,772
Net book values
At 31 March 2014	2,897
At 31 March 2013	3,409

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100