Registration number:
Unaudited Abbreviated Accounts
for the Period from
Ethical Fashion Group Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ethical Fashion Group Limited
for the Period Ended 31 December 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ethical Fashion Group Limited for the period ended 31 December 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .
This report is made solely to the Board of Directors of Ethical Fashion Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ethical Fashion Group Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163 . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ethical Fashion Group Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ethical Fashion Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Ethical Fashion Group Limited. You consider that Ethical Fashion Group Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Ethical Fashion Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Green Accountancy Limited
Chartered Certified Accountants
Signal Court
Old Station Way
Eynsham
Oxford
OX29 4TL
28 September 2017
Ethical Fashion Group Limited
(Registration number: 09512794)
Abbreviated Balance Sheet at 31 December 2016
Note |
31 December 2016
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30 September 2015
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Fixed assets |
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Tangible fixed assets |
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- |
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Current assets |
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Debtors |
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- |
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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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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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- |
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Profit and loss account |
( |
- |
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Shareholders' funds |
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Approved by the Board on
.........................................
T Lejeune (CEO)
Director
2
Ethical Fashion Group Limited
Notes to the Abbreviated Accounts for the Period from 1 October 2015 to 31 December 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. The company has been funded from equity issues. It has made trading losses and continues to do so. The company is forecasting for monthly income to exceed monthly expenditure at some time during 2018.
Turnover
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 |
Office equipment |
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Hire purchase and leasing
Financial instruments
Ethical Fashion Group Limited
Notes to the Abbreviated Accounts for the Period from 1 October 2015 to 31 December 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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Additions |
2,681 |
2,681 |
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Disposals |
(1) |
(1) |
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At 31 December 2016 |
2,680 |
2,680 |
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Depreciation |
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Charge for the period |
670 |
670 |
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At 31 December 2016 |
670 |
670 |
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Net book value |
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At 31 December 2016 |
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Share capital |
Allotted, called up and fully paid shares
31 December 2016 |
30 September 2015 |
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No. |
£ |
No. |
£ |
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of £0.00 each |
- |
- |
- |
- |
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- |
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Related party transactions |
Directors' advances and credits |
1 October 2015 to 31 December 2016 |
1 October 2015 to 31 December 2016 |
Year ended 30 September 2015 |
Year ended 30 September 2015 |
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T Lejeune (CEO) |
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- |
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Ethical Fashion Group Limited
Notes to the Abbreviated Accounts for the Period from 1 October 2015 to 31 December 2016
......... continued
Control |
There is no ultimate controlling party as no shareholders own a majority of shares.