Abbreviated Company Accounts - ACADEMY OF HAIR & BEAUTY LIMITED

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Registered Number 04482199

ACADEMY OF HAIR & BEAUTY LIMITED

Abbreviated Accounts

31 July 2014

ACADEMY OF HAIR & BEAUTY LIMITED Registered Number 04482199

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	7,961	9,154
		7,961	9,154
Current assets
Stocks		1,200	1,000
Debtors		35,527	58,905
		36,727	59,905
Creditors: amounts falling due within one year		(43,543)	(62,187)
Net current assets (liabilities)		(6,816)	(2,282)
Total assets less current liabilities		1,145	6,872
Creditors: amounts falling due after more than one year		-	(5,613)
Provisions for liabilities		(1,028)	(1,142)
Total net assets (liabilities)		117	117
Capital and reserves
Called up share capital	3	102	102
Profit and loss account		15	15
Shareholders' funds		117	117

For the year ending 31 July 2014 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 18 August 2014

And signed on their behalf by:
S Bamford, Director

ACADEMY OF HAIR & BEAUTY LIMITED Registered Number 04482199

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% reducing balance

Other accounting policies
STOCK
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 August 2013	41,060
Additions	798
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	41,858
Depreciation
At 1 August 2013	31,906
Charge for the year	1,991
On disposals	-
At 31 July 2014	33,897
Net book values
At 31 July 2014	7,961
At 31 July 2013	9,154

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2
100 B Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	S Bamford
Description of the transaction:	Interest free loans
Balance at 1 August 2013:	£ 32,169
Advances or credits made:	-
Advances or credits repaid:	£ 29,606
Balance at 31 July 2014:	£ 2,563

During the year the company paid dividends totalling £9,250 (2013 £46,725) to the director. S Bamford and her husband, I Bamford.