Dominic Gregory Hair Establishment Ltd - Period Ending 2014-12-31

DOMINIC GREGORY HAIR ESTABLISHMENT LTD - Company Information

Registration number: 05868198

Dominic Gregory Hair Establishment Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014

Chancery Accounts LLP
Accountants & Taxation Advisors
The Old County Police Station
Newhey Road
Milnrow
Rochdale
Lancashire
OL16 3PS

Dominic Gregory Hair Establishment Ltd
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

Dominic Gregory Hair Establishment Ltd
(Registration number: 05868198)
Abbreviated Balance Sheet at 31 December 2014

	Note	2014 £	2013 £
Fixed assets
Tangible fixed assets		19,991	23,508
Current assets
Stocks		850	1,250
Debtors		156	155
Cash at bank and in hand		13,580	15,909
		14,586	17,314
Creditors: Amounts falling due within one year		(56,395)	(28,050)
Net current liabilities		(41,809)	(10,736)
Net (liabilities)/assets		(21,818)	12,772
Capital and reserves
Called up share capital	3	1,101	1,101
Profit and loss account		(22,919)	11,671
Shareholders' (deficit)/funds		(21,818)	12,772

For the year ending 31 December 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 director acknowledges his 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 director on 30 September 2015

.........................................
Mr Dominic Thomas Gregory
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Dominic Gregory Hair Establishment Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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	15% on reducing balance
Office equipment	25% on reducing balance
Motor vehicles	25% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Included in other creditors is the director current account balance of £32,865 (2013: £247), this balance is interest free and repayable upon demand.

Page 2

Dominic Gregory Hair Establishment Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 January 2014	51,928	51,928
Additions	100,126	100,126
Disposals	(100,000)	(100,000)
At 31 December 2014	52,054	52,054
Depreciation
At 1 January 2014	28,420	28,420
Charge for the year	3,643	3,643
At 31 December 2014	32,063	32,063
Net book value
At 31 December 2014	19,991	19,991
At 31 December 2013	23,508	23,508

3	Share capital

Allotted, called up and fully paid shares

	2014			2013
		No.	£		No.	£
Ordinary of £1 each		1,000	1,000		1,000	1,000
Ordinary A of £1 each		100	100		100	100
Ordinary B of £1 each		1	1		1	1
of £0.00 each		-	-		-	-
		1,101	1,101		1,101	1,101

Control

The company is controlled by Mr D T Gregory by virtue of his sole directorship.

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