Abbreviated Company Accounts - BJ'S UNISEX SALON LIMITED

BJ'S UNISEX SALON LIMITED - Company Information

Registered Number 04534931

BJ'S UNISEX SALON LIMITED

Abbreviated Accounts

31 May 2014

BJ'S UNISEX SALON LIMITED Registered Number 04534931

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	12,109	11,832
Investments		-	-
		12,109	11,832
Current assets
Stocks		250	250
Debtors	3	2	2
Investments		-	-
Cash at bank and in hand		1,656	3,397
		1,908	3,649
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year	4	(7,594)	(7,963)
Net current assets (liabilities)		(5,686)	(4,314)
Total assets less current liabilities		6,423	7,518
Creditors: amounts falling due after more than one year	4	(5,038)	(4,770)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		1,385	2,748
Capital and reserves
Called up share capital		2	2
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		1,383	2,746
Shareholders' funds		1,385	2,748

For the year ending 31 May 2014 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 11 October 2014

And signed on their behalf by:
Mrs B J Wootton, Director

BJ'S UNISEX SALON LIMITED Registered Number 04534931

Notes to the Abbreviated Accounts for the period ended 31 May 2014

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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is as follows:
Freehold Property - 2% on cost
Fixtures and Fittings - 20% on cost
Equipment - 33% on cost

Valuation information and policy
Stocks are valued at the lower cost and net realisable value, after making due allowance for obsolete and slow moving items

2Tangible fixed assets

	£
Cost
At 1 June 2013	15,282
Additions	623
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	15,905
Depreciation
At 1 June 2013	3,450
Charge for the year	346
On disposals	-
At 31 May 2014	3,796
Net book values
At 31 May 2014	12,109
At 31 May 2013	11,832

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset

3Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	2	2

4Creditors

	2014 £	2013 £
Secured Debts	5,038	4,770
Non-instalment debts due after 5 years	7,594	7,963