| Hairy Moments Limited |
| Accountants' Report |
|
|
| Accountants' report to the director of |
| Hairy Moments Limited |
|
| You consider that the company is exempt from an audit for the year ended 31 March 2014. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| Bluerose Associates |
| Accountancy & Taxation Practitioners |
|
| 66 Glenlea Road |
| Eltham |
| London |
| SE9 1DZ |
|
| 7 May 2014 |
|
| Hairy Moments Limited |
| Notes to the Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtues and fittings |
18% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Operating profit |
2014 |
|
2013 |
| £ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
150 |
|
183 |
|
Directors' remuneration |
6,240 |
|
6,240 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Fixtures and fittings |
| £ |
|
Cost |
|
At 1 April 2013 |
3,300 |
|
At 31 March 2014 |
3,300 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
2,469 |
|
Charge for the year |
150 |
|
At 31 March 2014 |
2,619 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
681 |
|
At 31 March 2013 |
831 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2014 |
|
2013 |
| £ |
£ |
|
|
Other debtors |
77 |
|
77 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2014 |
|
2013 |
| £ |
£ |
|
|
Trade creditors |
127 |
|
164 |
|
Other creditors |
7,056 |
|
6,709 |
|
|
|
|
|
|
7,183 |
|
6,873 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Profit and loss account |
2014 |
| £ |
|
|
At 1 April 2013 |
(5,510) |
|
Profit for the year |
68 |
|
|
At 31 March 2014 |
(5,442) |
|
|
|
|
|
|
|
|
| 8 |
Controlling party |
|
|
The controlling party is Ms M R Ives by virtue of her ownership of 100% of the ordinary share |
|
capital of the company. |
