The Big Chopper Hair Co. Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04390948 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

The Big Chopper Hair Co. Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Hunt

SECRETARY:

Mrs E Hunt

REGISTERED OFFICE:

26 Station Road

Port Talbot

West Glamorgan

SA13 1JB

REGISTERED NUMBER:

04390948 (England and Wales)

ACCOUNTANTS:

Spot-On Accountancy

106 Tanygroes Street

Port Talbot

SA13 1EE

FIXED ASSETS

Intangible assets

2

12,000

12,000

Tangible assets

3

1,759

1,372

13,759

13,372

CURRENT ASSETS

Stocks

200

500

Debtors

3,837

7,471

Cash at bank and in hand

800

200

4,837

8,171

CREDITORS

Amounts falling due within one year

5,549

10,847

NET CURRENT LIABILITIES

(712

)

(2,676

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,047

10,696

CAPITAL AND RESERVES

Called up share capital

4

10,000

10,000

Profit and loss account

3,047

696

SHAREHOLDERS' FUNDS

13,047

10,696

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

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

The director acknowledges his 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 director on 26 February 2015 and were signed by:

C Hunt - 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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets

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

Fixtures and fittings

-

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

12,000

NET BOOK VALUE

At 31 May 2014

12,000

At 31 May 2013

12,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

7,944

Additions

819

At 31 May 2014

8,763

DEPRECIATION

At 1 June 2013

6,572

Charge for year

432

At 31 May 2014

7,004

NET BOOK VALUE

At 31 May 2014

1,759

At 31 May 2013

1,372

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

10,000

Ordinary

£1.00

10,000

10,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2014 and

31 May 2013:

31.5.14

31.5.13

£

£

C Hunt

Balance outstanding at start of year

(227

)

7,958

Amounts advanced

11,065

11,821

Amounts repaid

(11,074

)

(20,006

)

Balance outstanding at end of year

(236

)

(227

)

6.	ULTIMATE CONTROLLING PARTY

The controlling party is C Hunt.