REGISTERED NUMBER: 05318868 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

ACA HAIR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J King

Mrs J King

Miss F Mitchell

SECRETARY:

Mrs J King

REGISTERED OFFICE:

19 High Street

St. Albans

Hertfordshire

AL3 4EH

REGISTERED NUMBER:

05318868 (England and Wales)

ACCOUNTANTS:

ALI IBRAHIM ASSOCIATES

Chartered Certified Accountants

28 ROWAN CLOSE

ST ALBANS

Hertfordshire

AL4 0ST

FIXED ASSETS

Intangible assets

3

-

Tangible assets

4

12,629

12,629

CURRENT ASSETS

Stocks

5,418

Debtors

5

12,996

Cash at bank and in hand

136

18,550

CREDITORS

Amounts falling due within one year

6

37,962

NET CURRENT LIABILITIES

(19,412

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,783

)

CREDITORS

Amounts falling due after more than one year

7

18,159

NET LIABILITIES

(24,942

)

CAPITAL AND RESERVES

Called up share capital

99

Retained earnings

(25,041

)

SHAREHOLDERS' FUNDS

(24,942

)

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

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

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 Board of Directors on 22 December 2017 and were signed on its behalf by:

Mrs J King - Director

1.	STATUTORY INFORMATION

ACA HAIR 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.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil 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

-

25% 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.

3.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

58,000

1,000

59,000

AMORTISATION

At 1 April 2016

and 31 March 2017

58,000

1,000

59,000

NET BOOK VALUE

At 31 March 2017

-

-

-

At 31 March 2016

-

-

-

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2016

and 31 March 2017

25,380

DEPRECIATION

At 1 April 2016

8,541

Charge for year

4,210

At 31 March 2017

12,751

NET BOOK VALUE

At 31 March 2017

12,629

At 31 March 2016

16,839

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,825

Other debtors

10,171

12,996

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

265

Trade creditors

16,933

Taxation and social security

14,587

Other creditors

6,177

37,962

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

18,159