Abbreviated Company Accounts - SKIN RICH LIMITED

Abbreviated Company Accounts - SKIN RICH LIMITED


Registered Number 07643049

SKIN RICH LIMITED

Abbreviated Accounts

31 August 2014

SKIN RICH LIMITED Registered Number 07643049

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 29,455 44,181
29,455 44,181
Current assets
Debtors 3,125 3,125
Cash at bank and in hand 35,669 26,329
38,794 29,454
Creditors: amounts falling due within one year (51,927) (101,251)
Net current assets (liabilities) (13,133) (71,797)
Total assets less current liabilities 16,322 (27,616)
Total net assets (liabilities) 16,322 (27,616)
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 16,321 (27,617)
Shareholders' funds 16,322 (27,616)
  • For the year ending 31 August 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 16 April 2015

And signed on their behalf by:
FARAH CLEAVER, Director

SKIN RICH LIMITED Registered Number 07643049

Notes to the Abbreviated Accounts for the period ended 31 August 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% straight line

2Tangible fixed assets
£
Cost
At 1 September 2013 58,907
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2014 58,907
Depreciation
At 1 September 2013 14,726
Charge for the year 14,726
On disposals -
At 31 August 2014 29,452
Net book values
At 31 August 2014 29,455
At 31 August 2013 44,181
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
1 Ordinary shares of £1 each 1 1