Tony Wood Hairdressing Ltd - Abbreviated accounts 16.3

Tony Wood Hairdressing Ltd - Abbreviated accounts 16.3


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REGISTERED NUMBER: 08620623(England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Tony Wood Hairdressing Ltd

Tony Wood Hairdressing Ltd (Registered number: 08620623)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Tony Wood Hairdressing Ltd

Company Information
for the Year Ended 30 September 2016







DIRECTORS: Liam Bradley Fry
Tony Andrew Wood





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





REGISTERED NUMBER: 08620623(England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Tony Wood Hairdressing Ltd (Registered number: 08620623)

Abbreviated Balance Sheet
30 September 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 24,577 7,716

CURRENT ASSETS
Stocks 6,995 8,570
Debtors 54,050 27,473
Cash at bank and in hand 7,030 20,261
68,075 56,304
CREDITORS
Amounts falling due within one year 75,039 62,338
NET CURRENT LIABILITIES (6,964 ) (6,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,613

1,682

CREDITORS
Amounts falling due after more than
one year

3

(16,000

)

-

PROVISIONS FOR LIABILITIES (4,529 ) (1,073 )
NET (LIABILITIES)/ASSETS (2,916 ) 609

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (3,016 ) 509
SHAREHOLDERS' FUNDS (2,916 ) 609

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

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

The directors acknowledge their 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.

Tony Wood Hairdressing Ltd (Registered number: 08620623)

Abbreviated Balance Sheet - continued
30 September 2016


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 Board of Directors on 12 June 2017and were
signed on its behalf by:




Tony Andrew Wood- Director



Liam Bradley Fry- Director


Tony Wood Hairdressing Ltd (Registered number: 08620623)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2016

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.

Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 October 2015 10,290
Additions 25,055
At 30 September 2016 35,345
DEPRECIATION
At 1 October 2015 2,574
Charge for year 8,194
At 30 September 2016 10,768
NET BOOK VALUE
At 30 September 2016 24,577
At 30 September 2015 7,716

3. CREDITORS

Creditors include an amount of £ 16,000 for which security has been given.

Tony Wood Hairdressing Ltd (Registered number: 08620623)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.16 30.9.15
value: £    £   
100 Ordinary £1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended
30 September 2016 and 30 September 2015:

30.9.16 30.9.15
£    £   
Tony Andrew Wood
Balance outstanding at start of year 18,878 -
Amounts advanced - 18,878
Amounts repaid (18,878 ) -
Balance outstanding at end of year - 18,878

Liam Bradley Fry
Balance outstanding at start of year - -
Amounts advanced 717 -
Amounts repaid - -
Balance outstanding at end of year 717 -

6. GOING CONCERN

There was a net deficiency of assets of £2,916 at the balance sheet date, however the
director Tony Andrew Wood has confirmed continued support of the company so it retains
sufficient working capital to continue trading for the foreseeable future.