Abbreviated Company Accounts - THE HAIR LOUNGE SW LTD

Abbreviated Company Accounts - THE HAIR LOUNGE SW LTD


Registered Number 08470149

THE HAIR LOUNGE SW LTD

Abbreviated Accounts

31 March 2015

THE HAIR LOUNGE SW LTD Registered Number 08470149

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 12,000 16,000
Tangible assets 3 1,160 1,547
13,160 17,547
Current assets
Cash at bank and in hand 10,467 8,593
10,467 8,593
Creditors: amounts falling due within one year (22,403) (25,933)
Net current assets (liabilities) (11,936) (17,340)
Total assets less current liabilities 1,224 207
Total net assets (liabilities) 1,224 207
Capital and reserves
Called up share capital 4 10 10
Profit and loss account 1,214 197
Shareholders' funds 1,224 207
  • For the year ending 31 March 2015 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 11 September 2015

And signed on their behalf by:
Mrs C Radford, Director

THE HAIR LOUNGE SW LTD Registered Number 08470149

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 20% straight line

Other accounting policies
Transactions with the directors
Included within other creditors are amounts owed to the directors Miss J Watts £7,190 (2014 - £11,468) and Mrs C Radford £7,078 (2014 - £11,468).

2Intangible fixed assets
£
Cost
At 1 April 2014 20,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 20,000
Amortisation
At 1 April 2014 4,000
Charge for the year 4,000
On disposals -
At 31 March 2015 8,000
Net book values
At 31 March 2015 12,000
At 31 March 2014 16,000
3Tangible fixed assets
£
Cost
At 1 April 2014 1,934
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 1,934
Depreciation
At 1 April 2014 387
Charge for the year 387
On disposals -
At 31 March 2015 774
Net book values
At 31 March 2015 1,160
At 31 March 2014 1,547
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
10Ordinary shares of £1 each 10 10