HAIR_2K_LIMITED - Accounts

SLICE EASTLEIGH LIMITED - Company Information

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Company Registration No. 08401866 (England and Wales)

HAIR 2K LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

HAIR 2K LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

HAIR 2K LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

846

518

Current assets

Stocks

1,200

1,300

Debtors

11,651

7,600

Cash at bank and in hand

4,391

1,964

17,242

10,864

Creditors: amounts falling due within one year

(12,785)

(11,099)

Net current assets/(liabilities)

4,457

(235)

Total assets less current liabilities

5,303

283

Capital and reserves

Called up share capital

100

Profit and loss account

5,203

183

Shareholders' funds

5,303

283

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 November 2015

Mrs J A Blundell

Director

Company Registration No. 08401866

HAIR 2K LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% Reducing balance method

Fixtures, fittings & equipment

25% Reducing balance method

Fixed assets

Tangible assets

Cost

At 1 March 2014

690

Additions

609

At 28 February 2015

1,299

Depreciation

At 1 March 2014

172

Charge for the year

281

At 28 February 2015

453

Net book value

At 28 February 2015

846

At 28 February 2014

518

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100

HAIR 2K LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 3 -

Transactions with directors

During the year the director maintained a current account with the company. At the year end the company owed the director, Mrs J Blundell, £10,256 (2014 - £9,665) .

Ultimate parent company

The ultimate controlling party during the period under review was that of the director, Mrs J Blundell, due to her 100% shareholding.