TONI_&_GUY_(HERTFORD)_LIM - Accounts

HERTFORD (T) HAIRDRESSING LIMITED - Company Information

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Company Registration No. 03760331 (England and Wales)

TONI & GUY (HERTFORD) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

TONI & GUY (HERTFORD) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

TONI & GUY (HERTFORD) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

1,664

2,662

Tangible assets

7,097

2,213

8,761

4,875

Current assets

Stocks

6,500

3,150

Debtors

36,825

30,433

Cash at bank and in hand

84,015

3,768

127,340

37,351

Creditors: amounts falling due within one year

(118,474)

(47,676)

Net current assets/(liabilities)

8,866

(10,325)

Total assets less current liabilities

17,627

(5,450)

Creditors: amounts falling due after more than one year

(50,000)

(32,373)

(5,450)

Capital and reserves

Called up share capital

20,000

Profit and loss account

(52,373)

(25,450)

Shareholders' funds

(32,373)

(5,450)

TONI & GUY (HERTFORD) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 AUGUST 2015

- 2 -

For the financial year ended 31 August 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 her 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 28 June 2016

K Balducci

Director

Company Registration No. 03760331

TONI & GUY (HERTFORD) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

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

Turnover

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

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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:

Leasehold property improvements

20% straight line

Plant and machinery

20% straight line

Computer equipment

20% straight line

Fixtures, fittings & equipment

20% straight line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

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

1.7

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

TONI & GUY (HERTFORD) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 September 2014 & at 31 August 2015

4,990

122,166

127,156

Depreciation

At 1 September 2014

2,328

113,938

116,266

Charge for the year

998

1,131

2,129

At 31 August 2015

3,326

115,069

118,395

Net book value

At 31 August 2015

1,664

7,097

8,761

At 31 August 2014

2,662

2,213

4,875

Creditors: amounts falling due within one year

Share capital

2015

2014

Allotted, called up and fully paid

5,200 A Ordinary shares of £1 each

5,200

14,800 B Ordinary shares of £1 each

14,800

20,000

The A ordinary shares and B ordinary shares confer the holders the same rights and rank pari passu in all respects.