Body Art Piercing Limited - Accounts to registrar (filleted) - small 18.2
Body Art Piercing Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2018 |
FOR |
BODY ART PIERCING LIMITED |
BODY ART PIERCING LIMITED (REGISTERED NUMBER: SC206245) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BODY ART PIERCING LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MAY 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
AFM House |
6 Crofthead Road |
Prestwick |
Ayrshire |
KA9 1HW |
BODY ART PIERCING LIMITED (REGISTERED NUMBER: SC206245) |
BALANCE SHEET |
31ST MAY 2018 |
31.5.18 | 31.5.17 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | 11 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
BODY ART PIERCING LIMITED (REGISTERED NUMBER: SC206245) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2018 |
1. | STATUTORY INFORMATION |
Body Art Piercing Limited is a |
and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Fixtures and fittings | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st June 2017 |
and 31st May 2018 |
DEPRECIATION |
At 1st June 2017 |
and 31st May 2018 |
NET BOOK VALUE |
At 31st May 2018 |
At 31st May 2017 |
5. | STOCKS |
31.5.18 | 31.5.17 |
£ | £ |
Stocks |
BODY ART PIERCING LIMITED (REGISTERED NUMBER: SC206245) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MAY 2018 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.18 | 31.5.17 |
£ | £ |
Inter company loan |
Deferred tax asset |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.18 | 31.5.17 |
£ | £ |
Bank loans and overdrafts (see note 8) |
Trade creditors |
Social security and other taxes |
Other creditors |
Directors' loan accounts |
Accrued expenses |
8. | LOANS |
An analysis of the maturity of loans is given below: |
31.5.18 | 31.5.17 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
9. | DEFERRED TAX |
£ |
Balance at 1st June 2017 | ( |
) |
Credit to Income Statement during year | ( |
) |
Balance at 31st May 2018 | ( |
) |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.18 | 31.5.17 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
11. | RESERVES |
Retained |
earnings |
£ |
At 1st June 2017 | ( |
) |
Deficit for the year | ( |
) |
At 31st May 2018 | ( |
) |
BODY ART PIERCING LIMITED (REGISTERED NUMBER: SC206245) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MAY 2018 |
12. | RELATED PARTY DISCLOSURES |
At 31st May 2018, the company owed Mr J McKenzie (Director) £10,330 (2017: £14,696) and is included in creditors. This |
loan is interest free and has no fixed date for repayment. |
Fullworks (Ayrshire) Limited (SC206243) and Body Art Piercing Limited are related by virtue of common control. |
At 31st May 2018, Fullworks (Ayrshire) Limited owed Body Art Piercing Ltd £3,253 (2017: £7,637). The loan is interest |
free and has no fixed date for repayment. |
13. | ULTIMATE CONTROLLING PARTY |
Body Art Piercing Limited was under the ultimate control of Mr J McKenzie (Director) for the whole of the year to 31st May |
2018. |