THE_COMPANY_OF_MASTER_BAR - Accounts

THE COMPANY OF MASTER BARBERS LIMITED - Company Information

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Company Registration No. 09225886 (England and Wales)

THE COMPANY OF MASTER BARBERS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

THE COMPANY OF MASTER BARBERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

THE COMPANY OF MASTER BARBERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

4,245

Current assets

Stocks

25,953

Debtors

5,830

Cash at bank and in hand

15,033

46,816

Creditors: amounts falling due within one year

(52,730)

Net current liabilities

(5,914)

Total assets less current liabilities

(1,669)

Capital and reserves

Called up share capital

100

Profit and loss account

(1,769)

Shareholders' funds

(1,669)

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 June 2016

Mr D Rix

Director

Company Registration No. 09225886

THE COMPANY OF MASTER BARBERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Going Concern

The company continues to meet its day to day activities by the support of its directors.

Fixed assets

Tangible assets

Cost

At 19 September 2014

Additions

5,225

At 31 December 2015

5,225

Depreciation

At 19 September 2014

Charge for the year

980

At 31 December 2015

980

Net book value

At 31 December 2015

4,245

THE COMPANY OF MASTER BARBERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

During the year 100 ordinary shares were allotted and fully paid at par for cash consideration.