J Veiga Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC252618 (Scotland)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

FOR

J VEIGA LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

2,000

2,250

Tangible assets

3

254

381

2,254

2,631

CURRENT ASSETS

Debtors

69

68

Cash at bank and in hand

4,496

4,089

4,565

4,157

CREDITORS

Amounts falling due within one year

6,532

6,829

NET CURRENT LIABILITIES

(1,967

)

(2,672

)

TOTAL ASSETS LESS CURRENT LIABILITIES

287

(41

)

PROVISIONS FOR LIABILITIES

51

76

NET ASSETS/(LIABILITIES)

236

(117

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

235

(118

)

SHAREHOLDERS' FUNDS

236

(117

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 20 December 2015 and were signed by:

Mr J V Veiga - 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 is the amount receivable from the provision of hairdressing services and is recognised when the service

is provided to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

5,000

AMORTISATION

At 1 August 2014

2,750

Amortisation for year

250

At 31 July 2015

3,000

NET BOOK VALUE

At 31 July 2015

2,000

At 31 July 2014

2,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

1,359

DEPRECIATION

At 1 August 2014

978

Charge for year

127

At 31 July 2015

1,105

NET BOOK VALUE

At 31 July 2015

254

At 31 July 2014

381

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

1

Ordinary

£1

1

1