Making Waves (Salon) Limited - Limited company - abbreviated

REGISTERED NUMBER: 04526645 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

Making Waves (Salon) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R M Freedman

REGISTERED OFFICE:

31 Horn Lane

Acton

LONDON

W3 9NJ

REGISTERED NUMBER:

04526645 (England and Wales)

ACCOUNTANTS:

King & Company

31 Horn Lane

Acton

LONDON

W3 9NJ

FIXED ASSETS

Tangible assets

2

8,735

12,477

CURRENT ASSETS

Debtors

163,679

161,639

Cash at bank and in hand

135,539

172,932

299,218

334,571

CREDITORS

Amounts falling due within one year

33,872

34,702

NET CURRENT ASSETS

265,346

299,869

TOTAL ASSETS LESS CURRENT
LIABILITIES

274,081

312,346

PROVISIONS FOR LIABILITIES

158

227

NET ASSETS

273,923

312,119

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

273,823

312,019

SHAREHOLDERS' FUNDS

273,923

312,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 16 September 2015 and were signed
by:

R M Freedman - 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 and services, 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.

Improvements to property

-

10% on cost

Fixtures, fittings & equipment

-

25% on reducing balance

Deferred tax

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

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

45,961

DEPRECIATION

At 1 June 2014

33,484

Charge for year

3,742

At 31 May 2015

37,226

NET BOOK VALUE

At 31 May 2015

8,735

At 31 May 2014

12,477

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

100

Ordinary

£1

100

4.	CONTROLLING PARTY

The company is controlled by its director, R M Freedman, by virtue of his majority ownership

of the issued share capital.

Making Waves (Salon) Limited - Limited company - abbreviated - 11.6

Making Waves (Salon) Limited - Limited company - abbreviated - 11.6