| The Hair and Beauty Business Limited |
| Registered number: |
09423412 |
| Abbreviated Balance Sheet |
| as at 29 February 2016 |
|
| Notes |
|
|
2016 |
|
| £ |
|
| Fixed assets |
| Tangible assets |
2 |
|
|
9,653 |
|
| Current assets |
| Stocks |
|
|
2,000 |
| Debtors |
|
|
3,328 |
| Cash at bank and in hand |
|
|
35,829 |
|
|
|
41,157 |
|
|
|
| Creditors: amounts falling due within one year |
|
|
(25,817) |
|
| Net current assets |
|
|
|
15,340 |
|
|
| Net assets |
|
|
|
24,993 |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
| Profit and loss account |
|
|
|
24,893 |
|
| Shareholders' funds |
|
|
|
24,993 |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr T McCarthy |
| Director |
| Approved by the board on 15 June 2016 |
|
| The Hair and Beauty Business Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 29 February 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Land and Buildings |
Nil |
|
Tools and Equipment |
25% reducing balance basis |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
#REF! |
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
Additions |
10,880 |
|
At 29 February 2016 |
10,880 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
1,227 |
|
At 29 February 2016 |
1,227 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
9,653 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
| value |
Number |
£ |
|
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr T McCarthy |
|
Directors Current account |
- |
|
8,918 |
|
(4,529) |
|
4,389 |
|
|
Mrs G McCarthy |
|
Directors Current account |
- |
|
8,917 |
|
(4,529) |
|
4,388 |
|
|
|
- |
|
17,835 |
|
(9,058) |
|
8,777 |
|
|
|
|
|
|
|
|
|
