Flanagans Barber Shop Ltd - Limited company - abbreviated

REGISTERED NUMBER: 03198383 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

FLANAGANS BARBER SHOP LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

Mr T P Tierney

Mrs M Tierney

Mr C J Mullen

Mr D Looms

SECRETARY:

Mrs M Tierney

REGISTERED OFFICE:

250 Finney Lane

Heald Green

Stockport

Cheshire

SK8 3QD

REGISTERED NUMBER:

03198383 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

2

148,177

51,757

CURRENT ASSETS

Stocks

17,176

9,667

Debtors

22,149

66,036

Cash at bank and in hand

111,845

162,828

151,170

238,531

CREDITORS

Amounts falling due within one year

129,697

143,481

NET CURRENT ASSETS

21,473

95,050

TOTAL ASSETS LESS CURRENT
LIABILITIES

169,650

146,807

PROVISIONS FOR LIABILITIES

24,525

7,304

NET ASSETS

145,125

139,503

CAPITAL AND RESERVES

Called up share capital

3

105

Share premium

3,995

Profit and loss account

141,025

135,403

145,125

139,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 5 November 2015 and were signed on its behalf
by:

Mr T P Tierney - 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 represents the total amount receivable by the company for goods supplied and services provided,

excluding value added tax and trade discounts.

Tangible fixed assets

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

Short leasehold

-

20% on cost

Fixtures & fittings

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

172,713

Additions

119,228

At 30 April 2015

291,941

DEPRECIATION

At 1 May 2014

120,956

Charge for year

22,808

At 30 April 2015

143,764

NET BOOK VALUE

At 30 April 2015

148,177

At 30 April 2014

51,757

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

2015

2014

£

3800 A ordinary shares of £0.01 each

38

3800 B ordinary shares of £0.01 each

38

1500 C ordinary shares of £0.01 each

15

100 D ordinary share of £0.01 each

1

100 E ordinary share of £0.01 each

1

100 F ordinary share of £0.01 each

1

100 G ordinary share of £0.01 each

1

100 H ordinary shares of £0.01 each

1

100 I ordinary shares of £0.01 each

1

100 J ordinary shares of £0.01 each

1

100 K ordinary share of £0.01 each

1

100 L ordinary share of £0.01 each

1

526 M ordinary shares of £0.01 each

5.26

All the classes of fully paid "A" to "M" Ordinary shares have the same rights attaching to them except they

carry differential rights to the receipt of such dividends, payable on such class or classes of shares, in such

amounts, at such frequency and at such times on the recommendation of the Directors.

Flanagans Barber Shop Ltd - Limited company - abbreviated - 11.9

Flanagans Barber Shop Ltd - Limited company - abbreviated - 11.9