Accounts filed on 30-04-2014

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			Company registration number:03759351
			BRIGHT NAILS LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 30 April 2014

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BRIGHT NAILS LIMITED
BALANCE SHEET
AS AT 30 April 2014
			2014				2013
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			25,847				23,353
					25,847				23,353
CURRENT ASSETS
Stocks			269,570				217,769
Debtors			243,800				161,025
Cash at bank and in hand			9,842				15
			523,212				378,809
CREDITORS
Amounts falling due within one year			(261,133)				(152,237)
NET CURRENT ASSETS					262,079				226,572
TOTAL ASSETS LESS
CURRENT LIABILITIES					287,926				249,925
NET ASSETS					287,926				249,925
CAPITAL AND RESERVES
Called-up equity share capital		3			2				2
Profit and loss account					287,924				249,923
SHAREHOLDERS FUNDS					287,926				249,925
For the year ending 30 April 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 2 July 2014 and signed on its behalf.
..........................................................................
K Willis
2 July 2014
The annexed notes form part of these financial statements.

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BRIGHT NAILS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2014

1.

Accounting policies

Basis of preparing the financial statements

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

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Fixed assets

Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and Machinery - 20% per annum of cost

Motor Vehicles - 25% per annum of cost

Stocks and work In progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			50,252
	Additions			6,328
	At end of period			56,580
	Depreciation
	At start of period			26,899
	Provided during the period			3,834
	At end of period			30,733
	Net Book Value
	At start of period			23,353
	At end of period			25,847

3.	Share capital				Allotted, issued and fully paid
					2014	2013
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				2	2