Solos Hairdressing Ltd - Abbreviated accounts 16.1

Solos Hairdressing Ltd - Abbreviated accounts 16.1

SOLOS HAIRDRESSING LTD - Company Information

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REGISTERED NUMBER: 04886040 (England and Wales)












SOLOS HAIRDRESSING LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST JANUARY 2016





UHY Hacker Young
Chartered Accountants
22 The Ropewalk
Nottingham
NG1 5DT








SOLOS HAIRDRESSING LTD (REGISTERED NUMBER: 04886040)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST JANUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

SOLOS HAIRDRESSING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2016







DIRECTOR: Miss K J Revill





SECRETARY: Mrs D A Cook





REGISTERED OFFICE: Henton House
1A Green Close
Keyworth
Nottinghamshire
NG12 5HJ





REGISTERED NUMBER: 04886040 (England and Wales)





ACCOUNTANTS: UHY Hacker Young
Chartered Accountants
22 The Ropewalk
Nottingham
NG1 5DT
Page 1
SOLOS HAIRDRESSING LTD (REGISTERED NUMBER: 04886040)

ABBREVIATED BALANCE SHEET
31ST JANUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,390 6,735

CURRENT ASSETS
Stocks 2,712 2,311
Debtors 2,614 1,910
Cash at bank and in hand 42,238 57,275
47,564 61,496
CREDITORS
Amounts falling due within one year 5,269 20,382
NET CURRENT ASSETS 42,295 41,114
TOTAL ASSETS LESS CURRENT LIABILITIES 47,685 47,849

PROVISIONS FOR LIABILITIES 819 1,031
NET ASSETS 46,866 46,818

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 46,766 46,718
SHAREHOLDERS' FUNDS 46,866 46,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 29th June 2016 and were signed by:





Miss K J Revill - Director


The notes form part of these abbreviated accounts

Page 2
SOLOS HAIRDRESSING LTD (REGISTERED NUMBER: 04886040)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST JANUARY 2016


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 January 2015).

Turnover
Turnover represents the provision of hairdressing space and the sale of hairdressing goods.

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

Fixtures and equipment - 20% 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 taxation is provided in full in respect of taxation deferred by timing differences between the
treatment of certain items for taxation and accounting purposes. The deferred tax balance has not
been discounted.

Operating leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line
basis.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st February 2015
and 31st January 2016 24,036
DEPRECIATION
At 1st February 2015 17,301
Charge for year 1,345
At 31st January 2016 18,646
NET BOOK VALUE
At 31st January 2016 5,390
At 31st January 2015 6,735

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 3