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REGISTERED NUMBER: SC256561 (Scotland)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

AB FAB HAIR LIMITED

AB FAB HAIR LIMITED (REGISTERED NUMBER: SC256561)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

AB FAB HAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2016







DIRECTOR: Mrs S A Duffy





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC256561 (Scotland)





ACCOUNTANTS: Henderson Loggie
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

AB FAB HAIR LIMITED (REGISTERED NUMBER: SC256561)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,878 3,258

CURRENT ASSETS
Stocks 3,159 2,334
Debtors 284 -
Cash at bank 2,754 402
6,197 2,736
CREDITORS
Amounts falling due within one year 7,950 14,033
NET CURRENT LIABILITIES (1,753 ) (11,297 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,125

(8,039

)

CREDITORS
Amounts falling due after more than one
year

2,659

3,542
NET LIABILITIES (1,534 ) (11,581 )

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account (1,535 ) (11,582 )
SHAREHOLDERS' FUNDS (1,534 ) (11,581 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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.

AB FAB HAIR LIMITED (REGISTERED NUMBER: SC256561)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2016


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 director on 28 July 2017 and were signed by:





Mrs S A Duffy - Director


AB FAB HAIR LIMITED (REGISTERED NUMBER: SC256561)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the going concern basis which assumes that the company will
continue in operational existence for the foreseeable future. As at balance sheet date the company's liabilities
exceeded its assets by £2,090 (2015: £11,581). The company is thus dependent on the continuing financial
support of its director and other creditors and meets its day to day working capital requirements. The director is
confident of this continuing support and of the company's long term trading prospects and on this basis consider
it appropriate to prepare the financial statements on the going concern basis. The financial statements do not
include any adjustments that would result from withdrawal of financial support.

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 - 20% on a reducing balance basis
Computer equipment - 33% on a straight line basis

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015 13,812
Additions 405
At 31 October 2016 14,217
DEPRECIATION
At 1 November 2015 10,554
Charge for year 785
At 31 October 2016 11,339
NET BOOK VALUE
At 31 October 2016 2,878
At 31 October 2015 3,258

AB FAB HAIR LIMITED (REGISTERED NUMBER: SC256561)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1