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Company Registration No. 09874513 (England and Wales)
Salon Supplies 365 Limited Unaudited accounts for the period from 16 November 2015 to 31 March 2017
Salon Supplies 365 Limited Unaudited accounts Contents
Page
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Salon Supplies 365 Limited Company Information for the period from 16 November 2015 to 31 March 2017
Directors
Amy Louise Hughes Ramon Carl Ygartua
Company Number
09874513 (England and Wales)
Registered Office
10 Mapleton Close Prenton Birkenhead Merseyside CH43 3EZ
Accountants
Foster Barlow 20, 110 The Rock Bury Lancashire BL9 0PD
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Salon Supplies 365 Limited Statement of financial position as at 31 March 2017
2017 
Notes
£ 
Fixed assets
Tangible assets
2,931 
Current assets
Inventories
40,105 
Debtors
3,382 
Cash at bank and in hand
4,526 
48,013 
Creditors: amounts falling due within one year
(35,873)
Net current assets
12,140 
Net assets
15,071 
Capital and reserves
Called up share capital
10,000 
Profit and loss account
5,071 
Shareholders' funds
15,071 
For the period ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 10 August 2017.
Amy Louise Hughes Director Company Registration No. 09874513
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Salon Supplies 365 Limited Notes to the Accounts for the period from 16 November 2015 to 31 March 2017
1
Statutory information
Salon Supplies 365 Limited is a private company, limited by shares, registered in England and Wales, registration number 09874513. The registered office and principal place of business is 10 Mapleton Close, Prenton, Birkenhead, Merseyside, CH43 3EZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Computer equipment
33% on cost
Inventories
Inventories have been valued at the lower of cost and net realisable value. Cost represents purchase price net of all discounts and VAT.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Salon Supplies 365 Limited Notes to the Accounts for the period from 16 November 2015 to 31 March 2017
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 16 November 2015
- 
- 
- 
Additions
2,729 
1,329 
4,058 
At 31 March 2017
2,729 
1,329 
4,058 
Depreciation
Charge for the period
683 
444 
1,127 
At 31 March 2017
683 
444 
1,127 
Net book value
At 31 March 2017
2,046 
885 
2,931 
5
Inventories
2017 
£ 
Finished goods
40,105 
40,105 
6
Debtors
2017 
£ 
Trade debtors
3,382 
7
Creditors: amounts falling due within one year
2017 
£ 
Trade creditors
5,583 
Corporation tax
3,065 
Other taxes and social security costs
4,888 
Loans from directors
21,337 
Accruals
1,000 
35,873 
8
Share capital
2017 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £100 each
10,000 
Shares issued during the period:
100 Ordinary shares of £100 each
10,000 
9
Average number of employees
During the period the average number of employees was 5.
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