Zest Nail And Beauty Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06676047 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Zest Nail And Beauty Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J E Woods

I J Woods

SECRETARY:

I J Woods

REGISTERED OFFICE:

70 Rigby Lane

Bradshaw

Bolton

Lancashire

BL2 3EQ

REGISTERED NUMBER:

06676047 (England and Wales)

ACCOUNTANTS:

Higsons Limited

Chartered Accountants

93 Market Street

Farnworth

Bolton

BL4 7NS

FIXED ASSETS

Tangible assets

2

-

6,398

CURRENT ASSETS

Stocks

-

9,250

Debtors

3

-

23,503

Cash at bank

6,626

5,426

6,626

38,179

CREDITORS

Amounts falling due within one year

149,791

138,590

NET CURRENT LIABILITIES

(143,165

)

(100,411

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(143,165

)

(94,013

)

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

(143,166

)

(94,014

)

SHAREHOLDERS' FUNDS

(143,165

)

(94,013

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 26 May 2016 and were signed on its behalf by:

I J Woods - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis. During the year the company continued

to incur losses and suffer liquidity problems. Consequently it was dependent on it's directors, who are the major

creditor, for financial support. The directors concluded that the company would be unable to trade profitably in

the future and the business ceased trading on 13th June 2015. The directors have given assurances to the

company that they will not seek repayment of amounts due them until all other debts have been paid and

therefore will be able to meet it's liabilities as they fall due.

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 January 2015).

Turnover

Turnover represents the amount derived from ordinary activities.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

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.

Hire purchase and leasing commitments

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 September 2014

32,132

Disposals

(32,132

)

At 31 August 2015

-

DEPRECIATION

At 1 September 2014

25,734

Charge for year

1,600

Eliminated on disposal

(27,334

)

At 31 August 2015

-

NET BOOK VALUE

At 31 August 2015

-

At 31 August 2014

6,398

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (31.8.14 - £ 23,503 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

1

Ordinary

£1

1