The Hair and Beauty Business Limited - Accounts to registrar

REGISTERED NUMBER: 09423412 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

THE HAIR AND BEAUTY BUSINESS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J A Caley

Mrs G McCarthy

Mr T McCarthy

SECRETARY:

REGISTERED OFFICE:

9 Fidlas Road

Rhydypenau

Cardiff

CF14 0LW

REGISTERED NUMBER:

09423412 (England and Wales)

ACCOUNTANT:

Linghams Chartered Accountants

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

South Glamorgan

CF10 4LN

FIXED ASSETS

Tangible assets

4

8,585

9,653

CURRENT ASSETS

Stocks

2,100

2,000

Debtors

5

3,913

3,328

Cash at bank

38,548

35,829

44,561

41,157

CREDITORS

Amounts falling due within one year

6

21,094

25,817

NET CURRENT ASSETS

23,467

15,340

TOTAL ASSETS LESS CURRENT LIABILITIES

32,052

24,993

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

31,952

24,893

32,052

24,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 November 2017 and were signed on its
behalf by:

Mrs G McCarthy - Director

1.	STATUTORY INFORMATION

The Hair and Beauty Business Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

COST

At 1 March 2016

and 28 February 2017

5,379

5,501

10,880

DEPRECIATION

At 1 March 2016

-

1,227

Charge for year

-

1,068

At 28 February 2017

-

2,295

NET BOOK VALUE

At 28 February 2017

5,379

3,206

8,585

At 29 February 2016

5,379

4,274

9,653

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

Other debtors

3,000

Prepayments

913

328

3,913

3,328

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

Trade creditors

8,002

8,000

Tax

3,532

5,155

Social security and other taxes

-

510

VAT

3,230

2,475

Directors' loan accounts

5,230

8,777

Accrued expenses

1,100

900

21,094

25,817

The Hair and Beauty Business Limited - Accounts to registrar - small 17.2

The Hair and Beauty Business Limited - Accounts to registrar - small 17.2