Abbreviated Company Accounts - HAIR RITZ TOO LTD

Registered Number NI058455

HAIR RITZ TOO LTD

Abbreviated Accounts

31 March 2016

HAIR RITZ TOO LTD Registered Number NI058455

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	-	3,250
Tangible assets	3	19,114	12,053
		19,114	15,303
Current assets
Stocks		1,750	1,750
Debtors		1,669	7,446
Cash at bank and in hand		11,979	6,565
		15,398	15,761
Creditors: amounts falling due within one year		(34,359)	(28,741)
Net current assets (liabilities)		(18,961)	(12,980)
Total assets less current liabilities		153	2,323
Total net assets (liabilities)		153	2,323
Capital and reserves
Called up share capital		100	100
Profit and loss account		53	2,223
Shareholders' funds		153	2,323

For the year ending 31 March 2016 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 14 October 2016

And signed on their behalf by:
Mr Richard Lamont, Director

HAIR RITZ TOO LTD Registered Number NI058455

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared on a going concern basis under the historical cost convention and in accordance with the Companies Act 2006 and applicable accounting standards in the UK.

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

Tangible assets depreciation policy
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 & equipment/motor vehicles 25% reducing balance.

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

Valuation information and policy
Stock is valued at the lower of cost or net realisable value.

2Intangible fixed assets

	£
Cost
At 1 April 2015	32,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	32,500
Amortisation
At 1 April 2015	29,250
Charge for the year	3,250
On disposals	-
At 31 March 2016	32,500
Net book values
At 31 March 2016	0
At 31 March 2015	3,250

3Tangible fixed assets

	£
Cost
At 1 April 2015	14,991
Additions	10,951
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	25,942
Depreciation
At 1 April 2015	2,938
Charge for the year	3,890
On disposals	-
At 31 March 2016	6,828
Net book values
At 31 March 2016	19,114
At 31 March 2015	12,053