Bellamie Hair & Beauty Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08038748 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Bellamie Hair & Beauty Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs J Dutson

Miss R Fisk

SECRETARY:

REGISTERED OFFICE:

57 Markfield Road

Caterham

Surrey

CR3 6RQ

REGISTERED NUMBER:

08038748 (England and Wales)

ACCOUNTANTS:

Michael Goddard

Chartered Certified Accountant

57 Markfield Road

Caterham

Surrey

CR3 6RQ

FIXED ASSETS

Intangible assets

2

21,385

24,885

Tangible assets

3

3,416

4,431

24,801

29,316

CURRENT ASSETS

Stocks

10,554

8,599

Debtors

1,764

809

Cash at bank and in hand

1,612

3,155

13,930

12,563

CREDITORS

Amounts falling due within one year

(62,447

)

(65,219

)

NET CURRENT LIABILITIES

(48,517

)

(52,656

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,716

)

(23,340

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(23,718

)

(23,342

)

SHAREHOLDERS' FUNDS

(23,716

)

(23,340

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 November 2016 and were signed on its behalf
by:

Miss R Fisk - Director

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 net services provided and sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment etc.

-

25% on reducing balance

Website

-

20% on cost

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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

35,000

AMORTISATION

At 1 April 2015

10,115

Amortisation for year

3,500

At 31 March 2016

13,615

NET BOOK VALUE

At 31 March 2016

21,385

At 31 March 2015

24,885

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

10,156

Additions

208

At 31 March 2016

10,364

DEPRECIATION

At 1 April 2015

5,725

Charge for year

1,223

At 31 March 2016

6,948

NET BOOK VALUE

At 31 March 2016

3,416

At 31 March 2015

4,431

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

£1

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have made inserts free loans to the company. The amount due to them at 31 March 2016 was

£51,864 (2015 - £52,532).