Abbreviated Company Accounts - KINGS HAIR STUDIOS LIMITED

Abbreviated Company Accounts - KINGS HAIR STUDIOS LIMITED

KINGS HAIR STUDIOS LIMITED - Company Information

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Registered Number 04546069

KINGS HAIR STUDIOS LIMITED

Abbreviated Accounts

31 October 2013

KINGS HAIR STUDIOS LIMITED Registered Number 04546069

Abbreviated Balance Sheet as at 31 October 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 5,722 6,732
5,722 6,732
Current assets
Stocks 11,493 10,999
Debtors 8,849 5,911
Cash at bank and in hand 50 50
20,392 16,960
Creditors: amounts falling due within one year (22,694) (18,862)
Net current assets (liabilities) (2,302) (1,902)
Total assets less current liabilities 3,420 4,830
Creditors: amounts falling due after more than one year (1,739) (3,495)
Provisions for liabilities (749) (870)
Total net assets (liabilities) 932 465
Capital and reserves
Called up share capital 200 200
Profit and loss account 732 265
Shareholders' funds 932 465
  • For the year ending 31 October 2013 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 July 2014

And signed on their behalf by:
Catherine King, Director

KINGS HAIR STUDIOS LIMITED Registered Number 04546069

Notes to the Abbreviated Accounts for the period ended 31 October 2013

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 of the Accounting Standards Board

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life

2Tangible fixed assets
£
Cost
At 1 November 2012 25,231
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2013 25,231
Depreciation
At 1 November 2012 18,499
Charge for the year 1,010
On disposals -
At 31 October 2013 19,509
Net book values
At 31 October 2013 5,722
At 31 October 2012 6,732