Abbreviated Company Accounts - MAC HAIR (CHANDLERS FORD) LIMITED
Abbreviated Company Accounts - MAC HAIR (CHANDLERS FORD) LIMITED
Registered Number 08604894
MAC HAIR (CHANDLERS FORD) LIMITED
Abbreviated Accounts
31 July 2015
MAC HAIR (CHANDLERS FORD) LIMITED Registered Number 08604894
Abbreviated Balance Sheet as at 31 July 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
( |
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Shareholders' funds |
( |
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For the year ending 31 July 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
And signed on their behalf by:
MAC HAIR (CHANDLERS FORD) LIMITED Registered Number 08604894
Notes to the Abbreviated Accounts for the period ended 31 July 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery Reducing balance 15%
Vehicles Reducing balance 25%
Fixtures and fittings Reducing balance 15%
Equipment Reducing balance 15%
Intangible assets amortisation policy
Valuation information and policy
Other accounting policies
Corporation tax payable is provided on taxable profits at the current rate. The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
£ | |
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Cost | |
At 1 August 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 July 2015 |
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Amortisation | |
At 1 August 2014 |
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Charge for the year |
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On disposals |
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At 31 July 2015 |
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Net book values | |
At 31 July 2015 | 28,000 |
At 31 July 2014 | 38,000 |
£ | |
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Cost | |
At 1 August 2014 |
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Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 July 2015 |
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Depreciation | |
At 1 August 2014 |
|
Charge for the year |
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On disposals |
|
At 31 July 2015 |
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Net book values | |
At 31 July 2015 | 5,342 |
At 31 July 2014 | 4,996 |