JOHN'S_HAIR_DESIGN_LIMITE - Accounts

JOHN'S HAIR DESIGN LTD - Company Information

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Company Registration No. 08096038 (England and Wales)

JOHN'S HAIR DESIGN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

JOHN'S HAIR DESIGN LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

JOHN'S HAIR DESIGN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

108,050

121,016

Tangible assets

34,934

35,294

142,984

156,310

Current assets

Stocks

10,000

7,500

Debtors

5,393

5,385

Cash at bank and in hand

64,797

73,156

80,190

86,041

Creditors: amounts falling due within one year

(88,876)

(99,423)

Net current liabilities

(8,686)

(13,382)

Total assets less current liabilities

134,298

142,928

Creditors: amounts falling due after more than one year

(83,796)

(101,886)

Provisions for liabilities

(4,798)

45,704

41,042

Capital and reserves

Called up share capital

100

Profit and loss account

45,604

40,942

Shareholders' funds

45,704

41,042

JOHN'S HAIR DESIGN LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 7 July 2014

Mr C Bull

Director

Company Registration No. 08096038

JOHN'S HAIR DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Alterations to leased premises

6% Straight Line

Fixtures, fittings & equipment

25% Reducing Balance

Motor vehicles

25% Reducing Balance

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

JOHN'S HAIR DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2013

129,660

38,453

168,113

Additions

7,350

Disposals

(4,592)

At 31 March 2014

129,660

41,211

170,871

Depreciation

At 1 April 2013

8,644

3,159

11,803

On disposals

(1,148)

Charge for the year

12,966

4,266

17,232

At 31 March 2014

21,610

6,277

27,887

Net book value

At 31 March 2014

108,050

34,934

142,984

At 31 March 2013

121,016

35,294

156,310

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100