Lloyds Barbers Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09440474 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

LLOYDS BARBERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S O Lloyd

C Lloyd

REGISTERED OFFICE:

c/o Brayne, Williams & Barnard Limited

Rosemount House

Rosemount Avenue

West Byfleet

Surrey

KT14 6LB

REGISTERED NUMBER:

09440474 (England and Wales)

ACCOUNTANTS:

Brayne, Williams & Barnard Limited

First Floor, 5 Park Court

Pyrford Road

West Byfleet

Surrey

KT14 6SD

FIXED ASSETS

Intangible assets

4

31,400

35,300

Tangible assets

5

72

122

31,472

35,422

CURRENT ASSETS

Debtors

6

16,165

8,508

Cash at bank and in hand

4,619

6,060

20,784

14,568

CREDITORS

Amounts falling due within one year

7

52,034

47,431

NET CURRENT LIABILITIES

(31,250

)

(32,863

)

TOTAL ASSETS LESS CURRENT LIABILITIES

222

2,559

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

122

2,459

SHAREHOLDERS' FUNDS

222

2,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 11 December 2017 and were signed on its behalf by:

S O Lloyd - Director

1.	STATUTORY INFORMATION

Lloyds Barbers 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 represents net invoiced sales of services, excluding VAT

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2016 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

39,000

AMORTISATION

At 1 April 2016

3,700

Amortisation for year

3,900

At 31 March 2017

7,600

NET BOOK VALUE

At 31 March 2017

31,400

At 31 March 2016

35,300

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

and 31 March 2017

150

DEPRECIATION

At 1 April 2016

28

Charge for year

50

At 31 March 2017

78

NET BOOK VALUE

At 31 March 2017

72

At 31 March 2016

122

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

16,165

8,508

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

18,554

16,937

Other creditors

33,480

30,494

52,034

47,431

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2017 and the

period ended 31 March 2016:

31.3.17

31.3.16

£

£

S O Lloyd

Balance outstanding at start of year

6,132

-

Amounts advanced

33,940

30,247

Amounts repaid

(28,310

)

(24,115

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,762

6,132

C Lloyd

Balance outstanding at start of year

2,163

-

Amounts advanced

29,211

28,977

Amounts repaid

(28,310

)

(26,814

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,064

2,163

The overdrawn directors loan accounts were repaid in full on 30 June 2016.

10.	FIRST YEAR ADOPTION

These financial statements for the year to 31 March 2017 are the first financial statements of Lloyds Barbers

Limited prepared in accordance with FRS 102. The date of transition was 1 April 2015 and there were no

significant changes in accounting policy applicable to the entity identified, and no impact on the prior year

amounts as a result of the transition.