Splash Beauty and Lifestyle Studio Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07029950 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

Splash Beauty and Lifestyle Studio Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Y Ong

REGISTERED OFFICE:

Bentinck House

3-8 Bolsover Street

London

W1W 6AB

REGISTERED NUMBER:

07029950 (England and Wales)

ACCOUNTANTS:

Accountancy Managers Ltd

Chartered Certified Accountants

164 New Cavendish Street

London

W1W 6YT

FIXED ASSETS

Tangible assets

2

218

3,291

CURRENT ASSETS

Stocks

300

500

Debtors

10,586

11,658

Cash at bank

177,906

48,239

188,792

60,397

CREDITORS

Amounts falling due within one year

224,439

106,056

NET CURRENT LIABILITIES

(35,647

)

(45,659

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(35,429

)

(42,368

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(35,431

)

(42,370

)

SHAREHOLDERS' FUNDS

(35,429

)

(42,368

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 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 17 June 2015 and were signed by:

Y Ong - 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.

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

20,776

Additions

290

At 30 September 2014

21,066

DEPRECIATION

At 1 October 2013

17,485

Charge for year

3,363

At 30 September 2014

20,848

NET BOOK VALUE

At 30 September 2014

218

At 30 September 2013

3,291

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

2

Ordinary

£1

2

2

4.	RELATED PARTY DISCLOSURES

Y Ong

Included in other creditors is an amount of £224,395 (2013: £106,056) owed by the company to Miss Y H Ong.

The above loan is unsecured and subordinated in favour of third-party creditors.