All About Hair (Chly) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06942852 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

ALL ABOUT HAIR (CHORLEY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Lake

SECRETARY:

G Storey

REGISTERED OFFICE:

c/o Christian Douglass Accountants

Limited

2 Jordan Street

Knott Mill

Manchester

M15 4PY

REGISTERED NUMBER:

06942852 (England and Wales)

ACCOUNTANTS:

Christian Douglass Accountants Limited

Chartered Accountants

2 Jordan Street

Knott Mill

Manchester

M15 4PY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,190

8,637

5,190

8,637

CURRENT ASSETS

Stocks

6

9,971

10,876

Debtors

7

9,723

11,485

Cash at bank and in hand

30,722

26,190

50,416

48,551

CREDITORS

Amounts falling due within one year

8

26,923

61,572

NET CURRENT ASSETS/(LIABILITIES)

23,493

(13,021

)

TOTAL ASSETS LESS CURRENT LIABILITIES

28,683

(4,384

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

28,679

(4,388

)

SHAREHOLDERS' FUNDS

28,683

(4,384

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 17 September 2019 and were signed by:

C Lake - Director

1.	STATUTORY INFORMATION

All About Hair (Chorley) Limited is a private company, limited by shares, registered in England and Wales. The

company's registered number is 06942852 and its registered office is at 2 Jordan Street, Knott Mill, Manchester,

M15 4PY.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net sales of goods and services, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2018

57,414

Disposals

(57,414

)

At 31 December 2018

-

AMORTISATION

At 1 January 2018

57,414

Eliminated on disposal

(57,414

)

At 31 December 2018

-

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2018

and 31 December 2018

9,923

26,958

5,772

42,653

DEPRECIATION

At 1 January 2018

6,168

22,530

5,318

34,016

Charge for year

1,460

1,590

397

3,447

At 31 December 2018

7,628

24,120

5,715

37,463

NET BOOK VALUE

At 31 December 2018

2,295

2,838

57

5,190

At 31 December 2017

3,755

4,428

454

8,637

6.

STOCKS

31.12.18

31.12.17

£

£

Stocks

9,971

10,876

7.

DEBTORS

31.12.18

31.12.17

£

£

Amounts falling due within one year:

Other debtors

9,382

994

Prepayments

341

1,109

9,723

2,103

Amounts falling due after more than one year:

Other debtors

-

9,382

Aggregate amounts

9,723

11,485

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

2,244

3,414

Social security and other taxes

1,749

9,000

VAT

10,587

17,016

Other creditors

4,176

18,280

Accrued expenses

8,167

13,862

26,923

61,572

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.18

31.12.17

£

£

Within one year

26,876

51,769

Between one and five years

4,350

31,226

31,226

82,995