Dorking Hairdressing Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08018450 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Dorking Hairdressing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G L Raif

REGISTERED OFFICE:

Innovia House

Marish Wharf

St Marys Road

Middlegreen

Slough

SL3 6DA

REGISTERED NUMBER:

08018450 (England and Wales)

ACCOUNTANTS:

Styles & Associates Limited

Berkeley House

Amery Street

Alton

Hampshire

GU34 1HN

FIXED ASSETS

Intangible assets

4

2,434

4,187

Tangible assets

5

15,243

19,197

17,677

23,384

CURRENT ASSETS

Stocks

2,163

1,890

Debtors

6

61,360

56,814

Cash at bank and in hand

22,055

17,254

85,578

75,958

CREDITORS

Amounts falling due within one year

7

101,233

86,023

NET CURRENT LIABILITIES

(15,655

)

(10,065

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,022

13,319

PROVISIONS FOR LIABILITIES

-

664

NET ASSETS

2,022

12,655

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

1,922

12,555

SHAREHOLDERS' FUNDS

2,022

12,655

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 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 director on 18 January 2018 and were signed by:

G L Raif - Director

1.	STATUTORY INFORMATION

Dorking Hairdressing 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.

The company has taken advantage of the following disclosure exemptions in preparing these financial

statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland":

- the requirements of Section 7 Statement of Cash Flows - Presentation of a Statement of Cash Flow and related

notes and disclosures;

- the requirements of Section 11 'Basic Financial Instruments' & Section 12 'Other Financial Instrument Issues' -

Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis

of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value

changes recognised in the profit or loss and in other comprehensive income.

- Section 33 'Related Party Disclosures' - Compensation for key management personnel.

Turnover

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

value added tax and other sales taxes.

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.

Franchise Costs are being amortised evenly over their estimated useful life of five years.

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

-

20% 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.

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.

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 profit or loss in the period to which they relate.

Going concern

The company meets its day to day working capital requirements through group funding and Essensuals Group

Limited, the immediate parent company, who also provide ongoing support for the company in the form of

extended supplier credits.The directors consider that it is appropriate to prepare the financial statements on a

going concern basis as they expect the company to be able to continue to trade within the facilities made

available.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4.	INTANGIBLE FIXED ASSETS

Franchise

Costs

£

COST

At 1 September 2016

and 31 August 2017

8,767

AMORTISATION

At 1 September 2016

4,580

Amortisation for year

1,753

At 31 August 2017

6,333

NET BOOK VALUE

At 31 August 2017

2,434

At 31 August 2016

4,187

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2016

and 31 August 2017

24,800

1,028

25,828

DEPRECIATION

At 1 September 2016

6,056

575

6,631

Charge for year

3,748

206

3,954

At 31 August 2017

9,804

781

10,585

NET BOOK VALUE

At 31 August 2017

14,996

247

15,243

At 31 August 2016

18,744

453

19,197

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

-

1,663

Other debtors

61,360

55,151

61,360

56,814

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade creditors

40,503

25,495

Amounts owed to group undertakings

37,496

37,496

Taxation and social security

13,648

9,733

Other creditors

9,586

13,299

101,233

86,023

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.17

31.8.16

£

£

Within one year

34,915

34,915

Between one and five years

136,000

136,000

In more than five years

27,540

61,540

198,455

232,455

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.17

31.8.16

value:

£

£

26

'A' Ordinary

£1

26

26

74

'C' Ordinary

£1

74

74

100

100

10.

RESERVES

Retained

earnings

£

At 1 September 2016

12,555

Deficit for the year

(10,633

)

At 31 August 2017

1,922

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2017 and

31 August 2016:

31.8.17

31.8.16

£

£

G L Raif

Balance outstanding at start of year

15,055

15,055

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,055

15,055

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

13.	FIRST YEAR ADOPTION

The company transitioned to FRS 102 from previously extant UK GAAP as at 1 September 2016.

There has been no impact on the equity of the company or the profit previously reported as a result of the

transition.