Melanie Richard's Hair Boutique Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08193908 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

MELANIE RICHARD'S HAIR BOUTIQUE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R McDonald

Mrs M McDonald

REGISTERED OFFICE:

100 Bridge Street

Peterborough

Cambridgeshire

PE1 1DY

REGISTERED NUMBER:

08193908 (England and Wales)

ACCOUNTANTS:

GreenStones Limited

9 Commerce Road

Lynchwood

Peterborough

Cambridgeshire

PE2 6LR

FIXED ASSETS

Intangible assets

2

20,000

40,000

Tangible assets

3

10,620

13,380

30,620

53,380

CURRENT ASSETS

Stocks

9,232

9,300

Debtors

1,994

1,994

Cash at bank

30,807

21,408

42,033

32,702

CREDITORS

Amounts falling due within one year

72,379

85,808

NET CURRENT LIABILITIES

(30,346

)

(53,106

)

TOTAL ASSETS LESS CURRENT LIABILITIES

274

274

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

174

174

SHAREHOLDERS' FUNDS

274

274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 11 February 2015 and were signed on its behalf by:

R McDonald - 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 2012, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a

straight line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

60,000

AMORTISATION

At 1 September 2013

20,000

Amortisation for year

20,000

At 31 August 2014

40,000

NET BOOK VALUE

At 31 August 2014

20,000

At 31 August 2013

40,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

17,021

DEPRECIATION

At 1 September 2013

3,641

Charge for year

2,760

At 31 August 2014

6,401

NET BOOK VALUE

At 31 August 2014

10,620

At 31 August 2013

13,380

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended

31 August 2014 and the period ended 31 August 2013:

2014

2013

£

£

R McDonald and Mrs M McDonald

Balance outstanding at start of year

(69,935

)

-

Amounts advanced

45,342

75,242

Amounts repaid

(33,857

)

(145,177

)

Balance outstanding at end of year

(58,450

)

(69,935

)

This loan is unsecured and interest free.