Blu Hair and Beauty Limited - Limited company - abbreviated

REGISTERED NUMBER: 05202501 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2014

for

Blu Hair and Beauty Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss M Oliver

SECRETARY:

Mrs B Wilkins

REGISTERED OFFICE:

3 Park Square

Leeds

West Yorkshire

LS1 2NE

REGISTERED NUMBER:

05202501 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

FIXED ASSETS

Intangible assets

2

4,500

20,900

Tangible assets

3

43,231

47,297

47,731

68,197

CURRENT ASSETS

Stocks

2,135

1,950

Debtors

6,171

5,009

Cash at bank and in hand

101

8,407

7,060

CREDITORS

Amounts falling due within one year

4

25,385

42,947

NET CURRENT LIABILITIES

(16,978

)

(35,887

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

30,753

32,310

CREDITORS

Amounts falling due after more than one
year

4

(28,994

)

(24,305

)

PROVISIONS FOR LIABILITIES

(1,659

)

-

NET ASSETS

100

8,005

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

98

8,003

SHAREHOLDERS' FUNDS

100

8,005

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 24 August 2015 and were signed by:

Miss M Oliver - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Unless in the opinion of the directors a shorter period is prudent.

Tangible fixed assets

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

Improvements to property

-

Straight line over 12 years

Fixtures and fittings

-

25% 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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

38,000

AMORTISATION

At 1 December 2013

17,100

Amortisation for year

16,400

At 30 November 2014

33,500

NET BOOK VALUE

At 30 November 2014

4,500

At 30 November 2013

20,900

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

134,710

Additions

13,049

At 30 November 2014

147,759

DEPRECIATION

At 1 December 2013

87,413

Charge for year

17,115

At 30 November 2014

104,528

NET BOOK VALUE

At 30 November 2014

43,231

At 30 November 2013

47,297

4.

CREDITORS

The following secured debts are included within creditors:

30.11.14

30.11.13

£

Bank overdraft

4,942

-

Bank loans

34,927

34,530

39,869

34,530

Creditors include the following debts falling due in more than five years:

30.11.14

30.11.13

£

Repayable by instalments

5,262

-

The bank loan is secured by way of a mortgage debenture over the company's assets.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

1

Ordinary

£1

1

2

(30.11.13 - 2 )

1

B Ordinary

£1

1

-

2

Blu Hair and Beauty Limited - Limited company - abbreviated - 11.6

Blu Hair and Beauty Limited - Limited company - abbreviated - 11.6