Tony Wood Hairdressing Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08620623 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

Tony Wood Hairdressing Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Liam Bradley Fry

Tony Andrew Wood

SECRETARY:

KT Accountants Ltd

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

REGISTERED NUMBER:

08620623 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

2

7,716

-

CURRENT ASSETS

Stocks

8,570

-

Debtors

27,473

-

Cash at bank and in hand

20,261

100

56,304

100

CREDITORS

Amounts falling due within one year

62,338

-

NET CURRENT (LIABILITIES)/ASSETS

(6,034

)

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,682

100

PROVISIONS FOR LIABILITIES

1,073

-

NET ASSETS

609

100

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

509

-

SHAREHOLDERS' FUNDS

609

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 June 2016 and were
signed on its behalf by:

Tony Andrew Wood - Director

Liam Bradley Fry - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Deferred tax

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

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

10,290

At 30 September 2015

10,290

DEPRECIATION

Charge for year

2,574

At 30 September 2015

2,574

NET BOOK VALUE

At 30 September 2015

7,716

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended

30 September 2015 and the period ended 30 September 2014:

30.9.15

30.9.14

£

Tony Andrew Wood

Balance outstanding at start of year

-

Amounts advanced

18,878

-

Amounts repaid

-

Balance outstanding at end of year

18,878

-

Interest has been charged on the directors loan account at HMRC official rate of interest at

3.00%.