Abbreviated Company Accounts - HAIR RITZ TOO LTD

Abbreviated Company Accounts - HAIR RITZ TOO LTD

HAIR RITZ TOO LTD - Company Information

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Registered Number NI058455

HAIR RITZ TOO LTD

Abbreviated Accounts

31 March 2014

HAIR RITZ TOO LTD Registered Number NI058455

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 6,500 9,750
Tangible assets 3 10,049 8,732
16,549 18,482
Current assets
Stocks 1,750 1,750
Debtors 3,416 13,038
Cash at bank and in hand 6,281 7,414
11,447 22,202
Creditors: amounts falling due within one year (26,548) (30,781)
Net current assets (liabilities) (15,101) (8,579)
Total assets less current liabilities 1,448 9,903
Total net assets (liabilities) 1,448 9,903
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,348 9,803
Shareholders' funds 1,448 9,903
  • For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 September 2014

And signed on their behalf by:
Mr Richard Lamont, Director

HAIR RITZ TOO LTD Registered Number NI058455

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention.

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

Tangible assets depreciation policy
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 25% reducing balance.

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Valuation information and policy
Stock is valued at the lower of cost or net realisable value.

2Intangible fixed assets
£
Cost
At 1 April 2013 32,500
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 32,500
Amortisation
At 1 April 2013 22,750
Charge for the year 3,250
On disposals -
At 31 March 2014 26,000
Net book values
At 31 March 2014 6,500
At 31 March 2013 9,750
3Tangible fixed assets
£
Cost
At 1 April 2013 9,520
Additions 1,931
Disposals -
Revaluations -
Transfers -
At 31 March 2014 11,451
Depreciation
At 1 April 2013 788
Charge for the year 614
On disposals -
At 31 March 2014 1,402
Net book values
At 31 March 2014 10,049
At 31 March 2013 8,732