Abbreviated Company Accounts - VENUS HAIR AND COSMETICS LIMITED

VENUS HAIR AND COSMETICS LIMITED - Company Information

05536942 VENUS HAIR AND COSMETICS LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 05536942 2014-09-01 2015-08-31 05536942 2015-08-31 05536942 2014-08-31 05536942 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 05536942 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 05536942

VENUS HAIR AND COSMETICS LIMITED

Abbreviated Accounts

31 August 2015

VENUS HAIR AND COSMETICS LIMITED Registered Number 05536942

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,303	4,781
		4,303	4,781
Current assets
Stocks		60,719	75,843
Debtors		-	560
Cash at bank and in hand		1,517	1,366
		62,236	77,769
Creditors: amounts falling due within one year		(31,918)	(45,651)
Net current assets (liabilities)		30,318	32,118
Total assets less current liabilities		34,621	36,899
Total net assets (liabilities)		34,621	36,899
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		34,521	36,799
Shareholders' funds		34,621	36,899

For the year ending 31 August 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 25 May 2016

And signed on their behalf by:
MUHAMMAD DILAWAR, Director

VENUS HAIR AND COSMETICS LIMITED Registered Number 05536942

Notes to the Abbreviated Accounts for the period ended 31 August 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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Reducing balance method 10%
Motor Vehicles Reducing balance method 10%

2Tangible fixed assets

	£
Cost
At 1 September 2014	12,242
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	12,242
Depreciation
At 1 September 2014	7,461
Charge for the year	478
On disposals	-
At 31 August 2015	7,939
Net book values
At 31 August 2015	4,303
At 31 August 2014	4,781

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100