Registration number:
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A J B Fashions Limited
Contents
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A J B Fashions Limited
(Registration number: 05124391)
Abbreviated Balance Sheet at 31 March 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mrs A J Bennett
Director
1
A J B Fashions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Accounting policies |
Basis of preparation
Exemption from preparing a cash flow statement
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Office equipment |
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Stock
A J B Fashions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Deferred tax
Hire purchase and leasing
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2014 |
31,154 |
10,600 |
41,754 |
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At 31 March 2015 |
31,154 |
10,600 |
41,754 |
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Depreciation |
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At 1 April 2014 |
31,154 |
6,680 |
37,834 |
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Charge for the year |
- |
409 |
409 |
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At 31 March 2015 |
31,154 |
7,089 |
38,243 |
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Net book value |
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At 31 March 2015 |
- |
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At 31 March 2014 |
- |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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A J B Fashions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Related party transactions |
Director's advances and credits |
2015
Advance/ (Credit)
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2015 |
2014
Advance/ (Credit)
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2014 |
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Mrs A J Bennett |
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( |
- |
(81,331) |
- |
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- |
14,900 |
- |
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( |
- |
(16,000) |
- |
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- |
- |
630 |
- |
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( |
- |
- |
- |
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- |
- |
- |
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( |
- |
(946) |
- |
(68,284) |
- |
(82,747) |
- |
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Going concern |
These accounts have been prepared on the going concern basis. The director will continue to support the company for the foreseeable future and as a result has adopted the going concern basis of accounting.