Bellamie Hair Studio Ltd - Accounts to registrar (filleted) - small 18.2
Bellamie Hair Studio Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2020 |
| for |
| Bellamie Hair Studio Ltd |
| Previously known as |
| Bellamie Hair & Beauty Ltd |
| Bellamie Hair Studio Ltd (Registered number: 08038748) |
| Contents of the Financial Statements |
| for the year ended 31 March 2020 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Bellamie Hair Studio Ltd |
| Company Information |
| for the year ended 31 March 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Certified Chartered Accountants (ACCA) |
| 94 West Street |
| Crawley |
| West Sussex |
| RH11 8AW |
| Bellamie Hair Studio Ltd (Registered number: 08038748) |
| Statement of Financial Position |
| 31 March 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| Bellamie Hair Studio Ltd (Registered number: 08038748) |
| Statement of Financial Position - continued |
| 31 March 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on signed on its behalf by: |
| Bellamie Hair Studio Ltd (Registered number: 08038748) |
| Notes to the Financial Statements |
| for the year ended 31 March 2020 |
| 1. | STATUTORY INFORMATION |
| Bellamie Hair Studio Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting |
| estimates if necessary. It also requires management to exercise judgement in applying the company accounting |
| policies. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less |
| any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Bellamie Hair Studio Ltd (Registered number: 08038748) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2020 |
| 3. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other |
| Financial Instruments Issues of FRS 102 to all of its financial instruments |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
| contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a |
| legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to |
| realise the asset and settle the liability simultaneously. |
| Basic financial assets |
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price |
| including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless |
| the arrangement consitutes a financing transaction, where the transaction is measured at the present value if the future |
| receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not |
| amortised. |
| Classification of financial instruments |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements |
| entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after |
| deducting all of its liabilities. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares |
| that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing |
| transaction, where the debt instrument is measured at the present value of future payments discounted at a market |
| rate of interest. Financial liabilities classified as payable within one year are not amortised. |
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of |
| business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or |
| less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price |
| and subsequently at amortised cost using the effective interest method. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the |
| extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| 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 statement of financial position date. |
| Bellamie Hair Studio Ltd (Registered number: 08038748) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2020 |
| 3. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement |
| of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will |
| be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Assets acquired under hire purchase contracts are included in tangible fixed assets are depreciated over their |
| estimated useful lives. The obligations net of future charges are included in creditors. |
| Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective |
| rate of interest method. So as to achieve a constant rate of interest on the remaining balance of the liabilities. Finance |
| charges are deducted and charged to the profit and loss when they are incurred. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| Operating lease rentals |
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 April 2019 |
| and 31 March 2020 |
| AMORTISATION |
| At 1 April 2019 |
| Charge for year |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| Bellamie Hair Studio Ltd (Registered number: 08038748) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2020 |
| 6. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2019 |
| and 31 March 2020 |
| DEPRECIATION |
| At 1 April 2019 |
| Charge for year |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |