Accounts filed on 30-11-2014
Accounts filed on 30-11-2014
trueRetreat Beauty Lounge Limited087710282014-11-307088081008087151523-21288351141382637110000345522811583316978Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the period.
Amortisation
Amortisation is calculated so as to write off the cost of an asset over
the useful economic life of that asset as follows:
Goodwill-33.3% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Deferred taxation
Provision is made on the liability method based on current tax rates for
deferred tax assets and liabilities arising from all timing differences
that have originated but not reversed at the balance sheet date. Deferred
tax assets are recognised only to the extent that it is more likely than
not that there will be suitable taxable profits from which the underlying
timing differences can be deducted.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Land & BuildingsStraight line0.2000Fixtures & FittingsReducing balance0.2500Computer equipmentStraight line0.33307500750016671667199201992029422942274202742046094609Ordinary10011000Ordinary1100100Ordinary shares £11100100100During the period 100 ordinary shares of £1 were issued fully paid for cash at par.
2015-08-12N Hustlertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureRetreat Beauty Lounge Limited2013-12-012014-11-30Retreat Beauty Lounge Limited2012-12-012013-11-30Retreat Beauty Lounge Limited2012-11-30Retreat Beauty Lounge Limited2013-11-30Retreat Beauty Lounge Limited2013-11-30Retreat Beauty Lounge Limited2014-11-30 2015-08-12
