Wild Barbers Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04487002 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

WILD BARBERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A T Wild

SECRETARY:

Ms D A Yeomans

REGISTERED OFFICE:

Derwent House

141-145 Dale Road

Matlock

Derbyshire

DE4 3LU

REGISTERED NUMBER:

04487002 (England and Wales)

ACCOUNTANTS:

Mills & Black

Derwent House

141-145 Dale Road

Matlock

Derbyshire

DE4 3LU

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

5,739

7,803

5,739

7,803

CURRENT ASSETS

Stocks

80

75

Debtors

76

Cash at bank

9,191

23,217

9,347

23,368

CREDITORS

Amounts falling due within one year

8,472

15,515

NET CURRENT ASSETS

875

7,853

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,614

15,656

PROVISIONS FOR LIABILITIES

682

732

NET ASSETS

5,932

14,924

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

5,930

14,922

SHAREHOLDERS' FUNDS

5,932

14,924

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

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

The director acknowledges his 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 A T Wild the director on 20 February 2017 and were signed by:

A T Wild - 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 invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, 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.

Improvements to property

-

Straight line over 20 years

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

18,000

AMORTISATION

At 1 August 2015

and 31 July 2016

18,000

NET BOOK VALUE

At 31 July 2016

-

At 31 July 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

16,236

DEPRECIATION

At 1 August 2015

8,433

Charge for year

2,064

At 31 July 2016

10,497

NET BOOK VALUE

At 31 July 2016

5,739

At 31 July 2015

7,803

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

2

Ordinary Share

1

2