Turn Beautiful Limited - Period Ending 2014-06-30

Registration number: 07675799

Turn Beautiful Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Turn Beautiful Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Turn Beautiful Limited
(Registration number: 07675799)
Abbreviated Balance Sheet at 30 June 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					3,324			4,702
Current assets
Stocks					9,922			8,323
Cash at bank and in hand					1,641			1,554
					11,563			9,877
Creditors: Amounts falling due within one year					(39,434)			(31,147)
Net current liabilities					(27,871)			(21,270)
Net liabilities					(24,547)			(16,568)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(24,549)			(16,570)
Shareholders' deficit					(24,547)			(16,568)

For the year ending 30 June 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 her 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 director on 8 October 2014

.........................................
Ms J E Turner
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Turn Beautiful Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover is recognised when the company obtains the right to consideration.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold property	Straight line over the life of the lease
Equipment	25% reducing balance
Computer equipment	33.3% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2013		8,010			8,010
At 30 June 2014		8,010			8,010
Depreciation
At 1 July 2013		3,308			3,308
Charge for the year		1,378			1,378
At 30 June 2014		4,686			4,686
Net book value
At 30 June 2014		3,324			3,324
At 30 June 2013		4,702			4,702

Page 2

Turn Beautiful Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 3