Quartz Hair and Beauty Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07299364 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Quartz Hair and Beauty Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

H M Gaynon

Mrs B A Gaynon

REGISTERED OFFICE:

112-114 Witton Street

Northwich

Cheshire

CW9 5NW

REGISTERED NUMBER:

07299364 (England and Wales)

ACCOUNTANTS:

Burton Beavan

Chartered Certified Accountants

112-114 Witton Street

Northwich

Cheshire

CW9 5NW

FIXED ASSETS

Tangible assets

2

574

766

CURRENT ASSETS

Stocks

57,500

72,350

Debtors

4,834

3,236

Cash at bank and in hand

179,839

323,592

242,173

399,178

CREDITORS

Amounts falling due within one year

70,237

159,041

NET CURRENT ASSETS

171,936

240,137

TOTAL ASSETS LESS CURRENT LIABILITIES

172,510

240,903

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

172,508

240,901

SHAREHOLDERS' FUNDS

172,510

240,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 20 March 2015 and were signed on its behalf by:

H M Gaynon - 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.

Tangible fixed assets

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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

1,162

DEPRECIATION

At 1 July 2013

396

Charge for year

192

At 30 June 2014

588

NET BOOK VALUE

At 30 June 2014

574

At 30 June 2013

766

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

2

Ordinary

1

2

2