Abbreviated Company Accounts - THE HAIR LOUNGE SW LTD

Abbreviated Company Accounts - THE HAIR LOUNGE SW LTD


Registered Number 08470149

THE HAIR LOUNGE SW LTD

Abbreviated Accounts

31 March 2016

THE HAIR LOUNGE SW LTD Registered Number 08470149

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 8,000 12,000
Tangible assets 3 773 1,160
8,773 13,160
Current assets
Cash at bank and in hand 7,745 10,467
7,745 10,467
Creditors: amounts falling due within one year (15,816) (22,403)
Net current assets (liabilities) (8,071) (11,936)
Total assets less current liabilities 702 1,224
Total net assets (liabilities) 702 1,224
Capital and reserves
Called up share capital 4 10 10
Profit and loss account 692 1,214
Shareholders' funds 702 1,224
  • 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 11 September 2016

And signed on their behalf by:
Mrs C Radford, Director

THE HAIR LOUNGE SW LTD Registered Number 08470149

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
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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% straight line

Other accounting policies
Transactions with the directors
Included within other creditors are amounts owed to the directors Miss J Watts £5,559 (2015 - £7,190) and Mrs C Radford totalling £5,446 (2015 - £7,078).

2Intangible fixed assets
£
Cost
At 1 April 2015 20,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 20,000
Amortisation
At 1 April 2015 8,000
Charge for the year 4,000
On disposals -
At 31 March 2016 12,000
Net book values
At 31 March 2016 8,000
At 31 March 2015 12,000
3Tangible fixed assets
£
Cost
At 1 April 2015 1,934
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 1,934
Depreciation
At 1 April 2015 774
Charge for the year 387
On disposals -
At 31 March 2016 1,161
Net book values
At 31 March 2016 773
At 31 March 2015 1,160
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
10Ordinary shares of £1 each 10 10