Essensuals (Bath) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04066219 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Essensuals (Bath) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C J Hodges

REGISTERED OFFICE:

Innovia House

Marish Wharf

St Marys Road

Middlegreen

Slough

SL3 6DA

REGISTERED NUMBER:

04066219 (England and Wales)

ACCOUNTANTS:

Styles & Associates Limited

Berkeley House

Amery Street

Alton

Hampshire

GU34 1HN

FIXED ASSETS

Intangible assets

2

1,891

2,821

Tangible assets

3

47,224

58,500

49,115

61,321

CURRENT ASSETS

Stocks

4,665

4,143

Debtors

80,042

83,317

Cash at bank and in hand

59,370

36,436

144,077

123,896

CREDITORS

Amounts falling due within one year

4

98,553

88,312

NET CURRENT ASSETS

45,524

35,584

TOTAL ASSETS LESS CURRENT
LIABILITIES

94,639

96,905

CREDITORS

Amounts falling due after more than one
year

4

(21,617

)

(33,333

)

PROVISIONS FOR LIABILITIES

(9,290

)

(11,511

)

NET ASSETS

63,732

52,061

CAPITAL AND RESERVES

Called up share capital

5

40,000

Profit and loss account

23,732

12,061

SHAREHOLDERS' FUNDS

63,732

52,061

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 15 May 2017 and were signed by:

C J Hodges - 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 and services, excluding value added tax.

Franchise costs

Franchise costs are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost

in equal annual instalments over their estimated useful lives.

Tangible fixed assets

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

Fixtures and fittings

-

20% 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

7,390

AMORTISATION

At 1 September 2015

4,569

Amortisation for year

930

At 31 August 2016

5,499

NET BOOK VALUE

At 31 August 2016

1,891

At 31 August 2015

2,821

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

146,046

Additions

438

At 31 August 2016

146,484

DEPRECIATION

At 1 September 2015

87,546

Charge for year

11,714

At 31 August 2016

99,260

NET BOOK VALUE

At 31 August 2016

47,224

At 31 August 2015

58,500

4.

CREDITORS

Creditors include an amount of £ 34,167 (31.8.15 - £ 41,666 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

10,400

Ordinary A

£1

10,400

29,600

Ordinary B

£1

29,600

40,000

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2016 and

31 August 2015:

31.8.16

31.8.15

£

C J Hodges

Balance outstanding at start of year

27,787

35,553

Amounts advanced

10,294

3,682

Amounts repaid

(6,443

)

(11,448

)

Balance outstanding at end of year

31,638

27,787