M&B Hair and Beauty Supplies Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06550914 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

M&B Hair and Beauty Supplies Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M D Waldren

G S Waldren

SECRETARY:

M D Waldren

REGISTERED OFFICE:

Unit 1, 115 Loverock Road

Reading

Berkshire

RG30 1DZ

REGISTERED NUMBER:

06550914 (England and Wales)

ACCOUNTANTS:

Turner & Co

Chartered Accountants

10a White Hart Parade

London Road

Blackwater

Camberley

Surrey

GU17 9AD

FIXED ASSETS

Tangible assets

2

8,026

17,970

CURRENT ASSETS

Stocks

114,854

80,353

Debtors

30,315

33,069

Cash at bank and in hand

7,754

137

152,923

113,559

CREDITORS

Amounts falling due within one year

3

110,048

85,978

NET CURRENT ASSETS

42,875

27,581

TOTAL ASSETS LESS CURRENT LIABILITIES

50,901

45,551

CREDITORS

Amounts falling due after more than one year

3

18,756

39,386

NET ASSETS

32,145

6,165

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

31,145

5,165

SHAREHOLDERS' FUNDS

32,145

6,165

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 31 January 2016 and were signed on its behalf by:

M D Waldren - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

61,094

Additions

124

Disposals

(6,282

)

At 30 April 2015

54,936

DEPRECIATION

At 1 May 2014

43,124

Charge for year

9,661

Eliminated on disposal

(5,875

)

At 30 April 2015

46,910

NET BOOK VALUE

At 30 April 2015

8,026

At 30 April 2014

17,970

3.

CREDITORS

Creditors include an amount of £ 31,519 (30.4.14 - £ 35,551 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.4.15

30.4.14

£

£

Repayable by instalments

9,856

26,461

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

1,000

Ordinary

£1

1,000

1,000