Tony Wood Hairdressing Ltd - Accounts to registrar (filleted) - small 18.1

Tony Wood Hairdressing Ltd - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 08620623(England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2017

for

Tony Wood Hairdressing Ltd

Tony Wood Hairdressing Ltd (Registered number: 08620623)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tony Wood Hairdressing Ltd

Company Information
for the Year Ended 30 September 2017







DIRECTORS: Liam Bradley Fry
Tony Andrew Wood





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





BUSINESS ADDRESS: 44 Castle Road
Southsea
Portsmouth
Hampshire
PO5 3DE





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)

Balance Sheet
30 September 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,424 24,577

CURRENT ASSETS
Stocks 5 5,275 6,995
Debtors 6 42,977 54,050
Cash at bank and in hand 11,609 7,030
59,861 68,075
CREDITORS
Amounts falling due within one year 7 65,725 75,039
NET CURRENT LIABILITIES (5,864 ) (6,964 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,560

17,613

CREDITORS
Amounts falling due after more than
one year

8

(12,000

)

(16,000

)

PROVISIONS FOR LIABILITIES (4,150 ) (4,529 )
NET ASSETS/(LIABILITIES) 1,410 (2,916 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,310 (3,016 )
SHAREHOLDERS' FUNDS 1,410 (2,916 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Tony Wood Hairdressing Ltd (Registered number: 08620623)

Balance Sheet - continued
30 September 2017


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 28 June 2018and were
signed on its behalf by:




Tony Andrew Wood- Director



Liam Bradley Fry- Director


Tony Wood Hairdressing Ltd (Registered number: 08620623)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Tony Wood Hairdressing Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
This is the first year the company has presented its financial statements under Financial
Reporting Standard 102 Section 1a (FRS102 (1a)) issued by the Financial Reporting
Council. The last financial statements for the year ended 30 September 2016, were
prepared under the previous UK GAAP. The transition date to FRS102 (1a) is therefore 1
October 2016.

There were no material adjustments required on transition to FRS102 (1a) and as such it
has not been necessary to restate prior year comparatives following implementation of
FRS102 (1a).

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.
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.

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.


Tony Wood Hairdressing Ltd (Registered number: 08620623)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

2. ACCOUNTING POLICIES - continued
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 16(2016 - 16) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2016 32,845 2,500 35,345
Additions 6,657 - 6,657
At 30 September 2017 39,502 2,500 42,002
DEPRECIATION
At 1 October 2016 9,674 1,094 10,768
Charge for year 7,458 352 7,810
At 30 September 2017 17,132 1,446 18,578
NET BOOK VALUE
At 30 September 2017 22,370 1,054 23,424
At 30 September 2016 23,171 1,406 24,577

5. STOCKS
30.9.17 30.9.16
£    £   
Stocks 5,275 6,995

Tony Wood Hairdressing Ltd (Registered number: 08620623)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade debtors - 2,031
Amount owed from associated
company 30,000 46,248
Directors' current accounts 9,672 717
Tax - 4,142
Prepayments 3,305 912
42,977 54,050

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade creditors 11,942 17,389
Corporation tax 1,550 3,981
Social security and other taxes 3,469 15,361
Wages control 16,515 16,440
VAT 27,090 18,318
Directors' current accounts 671 -
Accrued expenses 4,488 3,550
65,725 75,039

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.17 30.9.16
£    £   
Other loans - 2-5 years 12,000 16,000

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.17 30.9.16
£    £   
Other loans 12,000 16,000

The other loan is guaranteed by Tony Andrew Wood the director by way of a retro trading
agreement.

Tony Wood Hairdressing Ltd (Registered number: 08620623)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.17 30.9.16
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended
30 September 2017 and 30 September 2016:

30.9.17 30.9.16
£    £   
Tony Andrew Wood
Balance outstanding at start of year - 18,878
Amounts advanced (671 ) -
Amounts repaid - (18,878 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (671 ) -

Liam Bradley Fry
Balance outstanding at start of year 717 -
Amounts advanced 8,955 717
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,672 717

Included in debtors/(creditors) are amounts due from/to the directors of £9,672/(£671) (2016
- £717/£(0)). These loans are interest free, undated, unsecured and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Tony Andrew Wood.

13. 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.