Abbreviated Company Accounts - THE ACADEMY OF AESTHETIC EXCELLENCE LTD

07354940 THE ACADEMY OF AESTHETIC EXCELLENCE LTD 2016-08-31 false 2015-09-01 2016-08-31 true 07354940 2015-09-01 2016-08-31 07354940 2016-08-31 07354940 2015-08-31 07354940 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 07354940 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 07354940

THE ACADEMY OF AESTHETIC EXCELLENCE LTD

Abbreviated Accounts

31 August 2016

THE ACADEMY OF AESTHETIC EXCELLENCE LTD Registered Number 07354940

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3,691	15,041
		3,691	15,041
Current assets
Stocks		5,825	3,800
Debtors		87	1,065
Cash at bank and in hand		2,122	2,441
		8,034	7,306
Creditors: amounts falling due within one year		(17,327)	(21,341)
Net current assets (liabilities)		(9,293)	(14,035)
Total assets less current liabilities		(5,602)	1,006
Total net assets (liabilities)		(5,602)	1,006
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(5,702)	906
Shareholders' funds		(5,602)	1,006

For the year ending 31 August 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 May 2017

And signed on their behalf by:
Dr R Z Adami, Director

THE ACADEMY OF AESTHETIC EXCELLENCE LTD Registered Number 07354940

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with
the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during
the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Computer equipment - 33% on cost
Fixtures, fittings and equipment - 25% on cost

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over
the lease term.

Stock
Stock is valued at the lower of cost and net realisable value.

Going concern
At the balance sheet date, The company had net liabilities. The company is reliant on the support
by the director, who has lent the company a loan.
On the basis that the director will continue to support the reporting entity for the foreseeable future,
the director considers it appropriate to prepare the financial statements on a going concern basis.
The financial statements do not include any adjustments that would result from a withdrawal of the
support of the director.

2Tangible fixed assets

	£
Cost
At 1 September 2015	48,255
Additions	582
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	48,837
Depreciation
At 1 September 2015	33,214
Charge for the year	11,932
On disposals	-
At 31 August 2016	45,146
Net book values
At 31 August 2016	3,691
At 31 August 2015	15,041

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100