The Academy of Hair Limited - Accounts to registrar

REGISTERED NUMBER: 07396984 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

The Academy of Hair Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D Bertolone

M Bertolone Esq

J P Frostick Esq

Ms S Hutchinson

REGISTERED OFFICE:

9 Hermitage Road

St. John's

Woking

Surrey

GU21 8TE

REGISTERED NUMBER:

07396984 (England and Wales)

ACCOUNTANTS:

Coussens, Chartered Accountants

Chimneys

Boughton Hall Avenue

Send

Woking

Surrey

GU23 7DD

FIXED ASSETS

Tangible assets

4

3,761

6,527

CURRENT ASSETS

Debtors

5

2,486

-

Cash at bank

48,298

31,807

50,784

31,807

CREDITORS

Amounts falling due within one year

6

(27,245

)

(18,979

)

NET CURRENT ASSETS

23,539

12,828

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,300

19,355

PROVISIONS FOR LIABILITIES

(1,182

)

(1,182

)

NET ASSETS

26,118

18,173

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

26,018

18,073

SHAREHOLDERS' FUNDS

26,118

18,173

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 21 July 2017 and were signed on its behalf by:

Mrs D Bertolone - Director

Ms S Hutchinson - Director

1.	STATUTORY INFORMATION

The Academy of 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

COST

At 1 April 2016

5,294

5,840

8,294

19,428

Additions

-

340

At 31 March 2017

5,294

5,840

8,634

19,768

DEPRECIATION

At 1 April 2016

4,677

2,873

5,351

12,901

Charge for year

617

742

1,747

3,106

At 31 March 2017

5,294

3,615

7,098

16,007

NET BOOK VALUE

At 31 March 2017

-

2,225

1,536

3,761

At 31 March 2016

617

2,967

2,943

6,527

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Directors' current accounts

2,486

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Tax

23,754

16,557

Social security and other taxes

1,483

671

Directors' current accounts

208

282

Accrued expenses

1,800

1,469

27,245

18,979