Abbreviated Company Accounts - LUCA SALON LTD

Registered Number 06886922

LUCA SALON LTD

Abbreviated Accounts

30 April 2015

LUCA SALON LTD Registered Number 06886922

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	9,389	8,799
		9,389	8,799
Current assets
Stocks		15,963	11,560
Debtors		30,330	33,928
Cash at bank and in hand		7,561	13,979
		53,854	59,467
Creditors: amounts falling due within one year		(11,543)	(5,101)
Net current assets (liabilities)		42,311	54,366
Total assets less current liabilities		51,700	63,165
Creditors: amounts falling due after more than one year		(50,004)	(61,168)
Total net assets (liabilities)		1,696	1,997
Capital and reserves
Called up share capital		2	2
Profit and loss account		1,694	1,995
Shareholders' funds		1,696	1,997

For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 22 June 2015

And signed on their behalf by:
MAHMOUD ABBAS KILCHARO, Director

LUCA SALON LTD Registered Number 06886922

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
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.

Tangible assets depreciation policy
DEPRECIATION HAS BEEN PROVIDED AT THE FOLLOWING RATES IN ORDER TO WRITE OFF THE ASSETS OVER THEIR ESTIMATED USEFUL LIVES.
PLANT & MACHINERY 20% REDUCED BALANCE METHOD
MOTOR VEHICLE 25% STRAIGHT LINE

Valuation information and policy
STOCK IS VALUED AT THE LOWER OF COST AND NET REALISABLE VALUE.

2Tangible fixed assets

	£
Cost
At 1 May 2014	14,816
Additions	2,937
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	17,753
Depreciation
At 1 May 2014	6,017
Charge for the year	2,347
On disposals	-
At 30 April 2015	8,364
Net book values
At 30 April 2015	9,389
At 30 April 2014	8,799