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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 AUGUST 2018 |
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FOR |
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YOUNGONES APPAREL LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 AUGUST 2018 |
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FOR |
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YOUNGONES APPAREL LIMITED |
YOUNGONES APPAREL LIMITED (REGISTERED NUMBER: 07988135) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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YOUNGONES APPAREL LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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YOUNGONES APPAREL LIMITED (REGISTERED NUMBER: 07988135) |
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BALANCE SHEET |
31 AUGUST 2018 |
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31.8.18 | 31.8.17 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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The directors acknowledge their 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. |
YOUNGONES APPAREL LIMITED (REGISTERED NUMBER: 07988135) |
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BALANCE SHEET - continued |
31 AUGUST 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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YOUNGONES APPAREL LIMITED (REGISTERED NUMBER: 07988135) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2018 |
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1. | STATUTORY INFORMATION |
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Youngones Apparel Limited is a private company, limited by shares, registered in England and |
Wales. The company's registered number and registered office are as below: |
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Registered number: | 07988135 |
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Registered office: | C/O Bulcock & Co |
10 The Bullring |
Northwich |
Cheshire |
CW9 5BS |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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The principal activity of the company is that of retail sales via mail order houses or via the internet. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss |
Account, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of |
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other |
third parties, and loans to related parties. |
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Short term debtors are measured at transaction price, less any impairment. Short term creditors are |
measured at transaction price. |
YOUNGONES APPAREL LIMITED (REGISTERED NUMBER: 07988135) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2018 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2017 - NIL). |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.18 | 31.8.17 |
£ | £ |
Taxation and social security |
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Other creditors |
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