Abbreviated Company Accounts - FAST LANE STYLING EUROPE LIMITED

FAST LANE STYLING EUROPE LIMITED - Company Information

08080332 FAST LANE STYLING EUROPE LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 08080332 2013-06-01 2014-05-31 08080332 2014-05-31 08080332 2013-05-31 08080332 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 08080332 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 08080332

FAST LANE STYLING EUROPE LIMITED

Abbreviated Accounts

31 May 2014

FAST LANE STYLING EUROPE LIMITED Registered Number 08080332

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	32,361	35,317
		32,361	35,317
Current assets
Stocks		127,850	114,220
Debtors		36,821	10,538
Cash at bank and in hand		317,431	240,010
		482,102	364,768
Creditors: amounts falling due within one year		(268,905)	(233,478)
Net current assets (liabilities)		213,197	131,290
Total assets less current liabilities		245,558	166,607
Creditors: amounts falling due after more than one year		(65,500)	(75,500)
Total net assets (liabilities)		180,058	91,107
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		180,054	91,103
Shareholders' funds		180,058	91,107

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 12 February 2015

And signed on their behalf by:
Abul Foyez, Director

FAST LANE STYLING EUROPE LIMITED Registered Number 08080332

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
Turnover represents amounts receivable for sales of goods net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:-

Plant and machinery 20% on cost
Computer equipment 25% on cost
Fixtures, fittings & equipment 20% on cost

2Tangible fixed assets

	£
Cost
At 1 June 2013	40,197
Additions	5,690
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	45,887
Depreciation
At 1 June 2013	4,880
Charge for the year	8,646
On disposals	-
At 31 May 2014	13,526
Net book values
At 31 May 2014	32,361
At 31 May 2013	35,317

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
4 Ordinary shares of £1 each	4	4