ESSENSUALS_(HAYWARDS_HEAT - Accounts

ESSENCE HAIR LIMITED - Company Information

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Company Registration No. 03826486 (England and Wales)

ESSENSUALS (HAYWARDS HEATH) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

ESSENSUALS (HAYWARDS HEATH) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

ESSENSUALS (HAYWARDS HEATH) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

972

Tangible assets

491

1,117

1,463

1,117

Current assets

Stocks

4,552

6,624

Debtors

26,779

22,458

Cash at bank and in hand

19,110

38,743

50,441

67,825

Creditors: amounts falling due within one year

(45,995)

(47,869)

Net current assets

4,446

19,956

Total assets less current liabilities

5,909

21,073

Capital and reserves

Called up share capital

40,000

Profit and loss account

(34,091)

(18,927)

Shareholders' funds

5,909

21,073

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 May 2017

K Jenkins

Director

Company Registration No. 03826486

ESSENSUALS (HAYWARDS HEATH) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company has taken advantage of the exemption to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Franchise costs

Franchise costs are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over the period of the franchise.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% straight line per annum

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Stock

Stock is valued at the lower of cost and net realisable value and is based on the director's estimate.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted. A deferred tax asset is recognised when future recoverability is anticipated.

ESSENSUALS (HAYWARDS HEATH) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 September 2015

4,750

134,461

139,211

Additions

1,100

Disposals

(2,750)

At 31 August 2016

3,100

134,461

137,561

Depreciation

At 1 September 2015

4,750

133,344

138,094

On disposals

(2,750)

Charge for the year

128

626

754

At 31 August 2016

2,128

133,970

136,098

Net book value

At 31 August 2016

972

491

1,463

At 31 August 2015

1,117

Debtors

Debtors include an amount of £9,000 (2015 - £9,000) which is due after more than one year.

Share capital

2016

2015

Allotted, called up and fully paid

10,400 Ordinary 'A' shares of £1 each

10,400

29,600 Ordinary 'B' shares of £1 each

29,600

40,000

ESSENSUALS (HAYWARDS HEATH) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 4 -

Related party relationships and transactions

Loans to directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

K Jenkins - Loan

726

The maximum owed, was the year end balance.