Abbreviated Company Accounts - HAIR BOX LTD
Abbreviated Company Accounts - HAIR BOX LTD
Registered Number NI615201
HAIR BOX LTD
Abbreviated Accounts
31 October 2014
HAIR BOX LTD Registered Number NI615201
Abbreviated Balance Sheet as at 31 October 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
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Total net assets (liabilities) |
( |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
( |
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Shareholders' funds |
( |
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For the year ending 31 October 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 directors acknowledge their 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 Board on
And signed on their behalf by:
HAIR BOX LTD Registered Number NI615201
Notes to the Abbreviated Accounts for the period ended 31 October 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery 25% straight line
Motor vehicles 25% straight line
Intangible assets amortisation policy
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
£ | |
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Cost | |
At 1 November 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2014 |
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Amortisation | |
At 1 November 2013 |
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Charge for the year |
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On disposals |
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At 31 October 2014 |
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Net book values | |
At 31 October 2014 | 9,375 |
At 31 October 2013 | - |
£ | |
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Cost | |
At 1 November 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2014 |
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Depreciation | |
At 1 November 2013 |
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Charge for the year |
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On disposals |
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At 31 October 2014 |
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Net book values | |
At 31 October 2014 | 31,038 |
At 31 October 2013 | - |