Abbreviated Company Accounts - THE ACADEMY HAIR & BEAUTY LTD

03953505 THE ACADEMY HAIR & BEAUTY LTD 2016-07-31 false 2015-08-01 2016-07-31 true 03953505 2015-08-01 2016-07-31 03953505 2016-07-31 03953505 2015-07-31 03953505 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 03953505 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 03953505

THE ACADEMY HAIR & BEAUTY LTD

Abbreviated Accounts

31 July 2016

THE ACADEMY HAIR & BEAUTY LTD Registered Number 03953505

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	335,763	360,042
		335,763	360,042
Current assets
Debtors		295,153	160,112
Cash at bank and in hand		47,676	134,330
		342,829	294,442
Creditors: amounts falling due within one year		(38,786)	(62,303)
Net current assets (liabilities)		304,043	232,139
Total assets less current liabilities		639,806	592,181
Total net assets (liabilities)		639,806	592,181
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		639,805	592,180
Shareholders' funds		639,806	592,181

For the year ending 31 July 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 17 October 2016

And signed on their behalf by:
L BURR, Director

THE ACADEMY HAIR & BEAUTY LTD Registered Number 03953505

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

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 is recognised at the fair value of the consideration received or receivable for the sale of goods and services in the ordinary nature of the business. The turnover shown represents the value of goods and services provided to customers net of value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows – leasehold land and buildings 4% straight line - fixtures fittings and equipment 15% written down value

2Tangible fixed assets

	£
Cost
At 1 August 2015	536,656
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	536,656
Depreciation
At 1 August 2015	176,614
Charge for the year	24,279
On disposals	-
At 31 July 2016	200,893
Net book values
At 31 July 2016	335,763
At 31 July 2015	360,042

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

	2016 £	2015 £
1 Ordinary share of £1 each	1	1