Xclusive Hair Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05840434 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Xclusive Hair Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P Thornton

SECRETARY:

S P Waters

REGISTERED OFFICE:

165 Kingston Road

Willerby

Kingston upon Hull

EAST YORKSHIRE

HU10 9AL

REGISTERED NUMBER:

05840434 (England and Wales)

ACCOUNTANTS:

Andrew Cooper & Company

Chartered Accountants

650 Anlaby Road

Kingston upon Hull

East Yorkshire

HU3 6UU

FIXED ASSETS

Tangible assets

2

801

942

CURRENT ASSETS

Stocks

3,530

2,290

Debtors

2,216

-

Cash at bank and in hand

197

2,027

5,943

4,317

CREDITORS

Amounts falling due within one year

5,709

4,680

NET CURRENT ASSETS/(LIABILITIES)

234

(363

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,035

579

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

1,034

578

SHAREHOLDERS' FUNDS

1,035

579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 9 March 2017 and were signed by:

P Thornton - 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.

Tangible fixed assets

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

Plant and machinery etc

-

15% 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

4,060

DEPRECIATION

At 1 July 2015

3,118

Charge for year

141

At 30 June 2016

3,259

NET BOOK VALUE

At 30 June 2016

801

At 30 June 2015

942

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

1

Ordinary

£1

1