Absolute Hairdressing Ltd - Limited company - abbreviated

ABSOLUTE HAIRDRESSING LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 FEBRUARY 2014 TO 31 JULY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G A Smith

SECRETARY:

Miss R Moore

REGISTERED OFFICE:

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

REGISTERED NUMBER:

04635933 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

2,939

3,447

2,939

3,447

CURRENT ASSETS

Stocks

50

Debtors

73

71

Cash at bank and in hand

4,552

4,453

4,675

4,574

CREDITORS

Amounts falling due within one year

6,923

4,149

NET CURRENT (LIABILITIES)/ASSETS

(2,248

)

425

TOTAL ASSETS LESS CURRENT LIABILITIES

691

3,872

PROVISIONS FOR LIABILITIES

350

NET ASSETS

341

3,522

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

241

3,422

SHAREHOLDERS' FUNDS

341

3,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 November 2015 and were signed by:

G A Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten 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

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 July 2015

40,420

AMORTISATION

At 1 February 2014

and 31 July 2015

40,420

NET BOOK VALUE

At 31 July 2015

-

At 31 January 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 July 2015

5,644

DEPRECIATION

At 1 February 2014

2,197

Charge for period

508

At 31 July 2015

2,705

NET BOOK VALUE

At 31 July 2015

2,939

At 31 January 2014

3,447

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary A

£1

100