Atlantic Barbering Co. Ltd,Ltd - Accounts

ATLANTIC BARBERING CO. LTD - Company Information

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Atlantic Barbering Co. Ltd

For the year ended 31 July 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 08146987

Contents Page

Atlantic Barbering Co. Ltd

For the year ended 31 July 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Atlantic Barbering Co. Ltd

Accountants' Report

For the year ended 31 July 2015

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 31 July 2015 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you

to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Robin Jeremy Low

27 Fountains Close

Biddick

Washington

Tyne and Wear

NE38 7TA

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Abbreviated Balance Sheet

Atlantic Barbering Co. Ltd

As at 31 July 2015

08146987

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

161,417

161,265

161,417

161,265

Current assets

Debtors

1,463

784

Cash at bank and in hand

6,086

58,901

6,870

60,364

Creditors: amounts falling due within one year

(49,946)

(1,351)

10,418

5,519

Net current assets

Total assets less current liabilities

166,936

171,683

Creditors: amounts falling due after more than one year

(175,000)

(167,353)

(417)

Net liabilities

(3,317)

Capital and reserves

Profit and loss account

(417)

(3,317)

(417)

(3,317)

Shareholders funds

For the year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 19 October 2015

Mr Shaun Wilson Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Atlantic Barbering Co. Ltd

For the year ended 31 July 2015

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

25 Reducing balance

Investment properties

Investment properties are included in the balance sheet at their open market value at the balance sheet date. The

resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those

investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective

April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be

depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to

give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation

and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

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Notes to the Abbreviated Financial Statements

Atlantic Barbering Co. Ltd

For the year ended 31 July 2015

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

161,765

At 01 August 2014

591

Additions

At 31 July 2015

162,356

Depreciation

500

At 01 August 2014

439

Charge for year

939

At 31 July 2015

Net book values

At 31 July 2015

161,417

161,265

At 31 July 2014

3 Share capital

Allotted called up and fully paid

2015

2014

2 Ordinary Share shares of £1.00 each

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