Toni & Guy (Highlands) Limited - Abbreviated accounts 16.1
Toni & Guy (Highlands) Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 August 2015 |
for |
Toni & Guy (Highlands) Limited |
Toni & Guy (Highlands) Limited (Registered number: SC302472) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 August 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Report of the Accountants | 7 |
Toni & Guy (Highlands) Limited |
Company Information |
for the Year Ended 31 August 2015 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Toni & Guy (Highlands) Limited (Registered number: SC302472) |
Abbreviated Balance Sheet |
31 August 2015 |
31.8.15 | 31.8.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
Toni & Guy (Highlands) Limited (Registered number: SC302472) |
Abbreviated Balance Sheet - continued |
31 August 2015 |
The financial statements were approved by the director on signed by: |
Toni & Guy (Highlands) Limited (Registered number: SC302472) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 August 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost |
convention and in accordance with the Financial Reporting Standard for |
Smaller Entities (effective January 2015). |
Turnover |
Turnover represents amounts receivable for goods and services during the |
year, excluding Value Added Tax. |
Franchise and legal fees |
Franchise and legal fees are amortised over the estimated useful life of 10 |
years. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after |
making due allowance for obsolete and slow moving items. |
Deferred tax |
The payment of taxation is deferred or accelerated because of timing |
differences between the treatment of certain items for accounting and |
taxation purposes. Deferred tax assets are recognised only to the extent |
that they will be recovered against the reversal of deferred tax |
liabilities or other future taxable profits. Full provision for deferred |
taxation is made under the liability method, without discounting, on all |
timing differences that have arisen, but not reversed by the balance sheet |
date, unless such provision is not permitted by accounting standards. |
In accordance with such standards deferred tax is not provided for: |
a) revaluation gains on land and buildings, unless there is a binding |
agreement to sell them at the balance sheet date; and |
b) gains on the sale of non-monetary assets, if the taxable gain will |
probably be rolled over. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss |
account on a straight line basis over the period of the lease. |
Going concern |
Although the going concern basis has been adopted in these accounts, its |
continued appropriateness is dependent upon future trading performance, the |
support of the holding company and the bank. |
Toni & Guy (Highlands) Limited (Registered number: SC302472) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 August 2015 |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2014 |
and 31 August 2015 |
AMORTISATION |
At 1 September 2014 |
Amortisation for year |
At 31 August 2015 |
NET BOOK VALUE |
At 31 August 2015 |
At 31 August 2014 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2014 |
Additions |
At 31 August 2015 |
DEPRECIATION |
At 1 September 2014 |
Charge for year |
At 31 August 2015 |
NET BOOK VALUE |
At 31 August 2015 |
At 31 August 2014 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.15 | 31.8.14 |
value: | £ | £ |
Ordinary | £1 |
5. | ULTIMATE PARENT COMPANY |
The ultimate parent company is Toni & Guy (Aberdeen) Ltd, which holds 100% |
of the company's shareholding. |
Toni & Guy (Highlands) Limited (Registered number: SC302472) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 August 2015 |
6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years |
ended 31 August 2015 and 31 August 2014: |
31.8.15 | 31.8.14 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year |
Toni & Guy (Highlands) Limited |
Report of the Accountants to the Director of |
Toni & Guy (Highlands) Limited |
The following reproduces the text of the report prepared for the director in |
respect of the company's annual unaudited financial statements, from which the |
unaudited abbreviated accounts (set out on pages two to six) have been prepared. |
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2015 set out on pages three to nine and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
This report is made solely to the Board of Directors of the company, as a body, |
in accordance with the terms of our engagement. Our work has been undertaken |
solely to prepare for your approval the financial statements of the company and |
state those matters that we have agreed to state to the Board of Directors of |
the company, as a body, in this report in accordance with the requirements of |
the Institute of Financial Accountants. To the fullest extent permitted by law, |
we do not accept or assume responsibility to anyone other than the company and |
its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that the company has kept adequate accounting records |
and to prepare statutory accounts that give a true and fair view of the assets, |
liabilities and financial position of the company. You consider that the company |
is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial |
statements of the company. For this reason, we have not verified the accuracy or |
completeness of the accounting records or information and explanations you have |
given to us and we do not, therefore, express any opinion on the statutory |
financial statements. |
30 May 2016 |