Perfection Beauty Brands Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05517070 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

Perfection Beauty Brands Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms K Hursthouse

K Mucklow

SECRETARY:

Ms K Hursthouse

REGISTERED OFFICE:

The Glades

Festival Way

Festival Park

Stoke on Trent

ST1 5SQ

REGISTERED NUMBER:

05517070 (England and Wales)

FIXED ASSETS

Tangible assets

2

51,271

67,862

CURRENT ASSETS

Stocks

318,341

425,823

Debtors

448,586

518,202

Cash at bank and in hand

771,594

627,066

1,538,521

1,571,091

CREDITORS

Amounts falling due within one year

3

569,035

715,653

NET CURRENT ASSETS

969,486

855,438

TOTAL ASSETS LESS CURRENT LIABILITIES

1,020,757

923,300

CREDITORS

Amounts falling due after more than one year

3

27,275

38,447

NET ASSETS

993,482

884,853

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

993,480

884,851

SHAREHOLDERS' FUNDS

993,482

884,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 6 July 2015 and were signed on its behalf by:

Ms K Hursthouse - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

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 is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised

when the goods are physically delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

127,439

Additions

3,715

At 30 April 2015

131,154

DEPRECIATION

At 1 May 2014

59,577

Charge for year

20,306

At 30 April 2015

79,883

NET BOOK VALUE

At 30 April 2015

51,271

At 30 April 2014

67,862

3.

CREDITORS

Creditors include an amount of £ 38,447 (2014 - £ 49,619 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2