KG AND HJ BAILEY HAIR LIMITED

KG AND HJ BAILEY HAIR LIMITED

KG AND HJ BAILEY HAIR LIMITED - Company Information

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KG AND HJ BAILEY HAIR LIMITED

Company Registration Number:
06568210 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

KG AND HJ BAILEY HAIR LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

KG AND HJ BAILEY HAIR LIMITED

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 0 1,800
Tangible assets: 4 103 137
Total fixed assets: 103 1,937
Current assets
Stocks: 1,250 1,250
Cash at bank and in hand: 2,971 1,505
Total current assets: 4,221 2,755
Creditors: amounts falling due within one year:   (3,102) (4,610)
Net current assets (liabilities): 1,119 (1,855)
Total assets less current liabilities: 1,222 82
Total net assets (liabilities): 1,222 82
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,220 80
Shareholders funds: 1,222 82

The notes form part of these financial statements

KG AND HJ BAILEY HAIR LIMITED

Balance sheet statements

For the year ending 30 June 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 November 2018
and signed on behalf of the board by:

Name: K Bailey
Status: Director

The notes form part of these financial statements

KG AND HJ BAILEY HAIR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of consideration received or receivable, excluding value added taxation.

Tangible fixed assets and depreciation policy

Depreciation is provided at 25% on a reducing balance basis in order to write off each asset over its estimated useful life.

Intangible fixed assets and amortisation policy

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of 10 years.

KG AND HJ BAILEY HAIR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Employees

2018 2017
Average number of employees during the period 3 3

KG AND HJ BAILEY HAIR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Intangible Assets

Total
Cost £
At 01 July 2017 18,000
At 30 June 2018 18,000
Amortisation
At 01 July 2017 16,200
Charge for year 1,800
At 30 June 2018 18,000
Net book value
At 30 June 2018 0
At 30 June 2017 1,800

KG AND HJ BAILEY HAIR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

4. Tangible Assets

Total
Cost £
At 01 July 2017 1,831
At 30 June 2018 1,831
Depreciation
At 01 July 2017 1,694
Charge for year 34
At 30 June 2018 1,728
Net book value
At 30 June 2018 103
At 30 June 2017 137