Abbreviated Company Accounts - SAFFRON BEAUTY LTD

SAFFRON BEAUTY LTD - Company Information

06195151 SAFFRON BEAUTY LTD 2016-03-31 false 2015-04-01 2016-03-31 true 06195151 2015-04-01 2016-03-31 06195151 2016-03-31 06195151 2015-03-31 06195151 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06195151 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06195151

SAFFRON BEAUTY LTD

Abbreviated Accounts

31 March 2016

SAFFRON BEAUTY LTD Registered Number 06195151

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	18,949	21,054
		18,949	21,054
Current assets
Stocks		41,585	37,624
Debtors		8,849	23,918
Cash at bank and in hand		4,442	27,426
		54,876	88,968
Creditors: amounts falling due within one year		(23,101)	(51,418)
Net current assets (liabilities)		31,775	37,550
Total assets less current liabilities		50,724	58,604
Total net assets (liabilities)		50,724	58,604
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		50,721	58,601
Shareholders' funds		50,724	58,604

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 8 December 2016

And signed on their behalf by:
MR BASHARAT ALI, Director

SAFFRON BEAUTY LTD Registered Number 06195151

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Reducing balance method 10%
Motor Vehicles Reducing balance method 10%

2Tangible fixed assets

	£
Cost
At 1 April 2015	35,961
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	35,961
Depreciation
At 1 April 2015	14,907
Charge for the year	2,105
On disposals	-
At 31 March 2016	17,012
Net book values
At 31 March 2016	18,949
At 31 March 2015	21,054

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
3 Ordinary shares of £1 each	3	3