Quartz Hair and Beauty Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07299364 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Quartz Hair and Beauty Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

H M Gaynon

Mrs B A Gaynon

REGISTERED OFFICE:

112-114 Witton Street

Northwich

Cheshire

CW9 5NW

REGISTERED NUMBER:

07299364 (England and Wales)

ACCOUNTANTS:

Burton Beavan

Chartered Certified Accountants

112-114 Witton Street

Northwich

Cheshire

CW9 5NW

FIXED ASSETS

Intangible assets

2

10,150

-

Tangible assets

3

431

574

10,581

574

CURRENT ASSETS

Stocks

65,000

57,500

Debtors

3,816

4,834

Cash at bank and in hand

176,231

179,839

245,047

242,173

CREDITORS

Amounts falling due within one year

126,039

70,237

NET CURRENT ASSETS

119,008

171,936

TOTAL ASSETS LESS CURRENT LIABILITIES

129,589

172,510

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

129,587

172,508

SHAREHOLDERS' FUNDS

129,589

172,510

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 March 2016 and were signed on its behalf by:

H M Gaynon - 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.

Computer equipment

-

25% on reducing balance

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

12,688

At 30 June 2015

12,688

AMORTISATION

Amortisation for year

2,538

At 30 June 2015

2,538

NET BOOK VALUE

At 30 June 2015

10,150

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

1,162

DEPRECIATION

At 1 July 2014

588

Charge for year

143

At 30 June 2015

731

NET BOOK VALUE

At 30 June 2015

431

At 30 June 2014

574

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

2

Ordinary

1

2

2