John Newman Hairdressing Ltd - Abbreviated accounts 16.1

John Newman Hairdressing Ltd - Abbreviated accounts 16.1

JOHN NEWMAN HAIRDRESSING LIMITED - Company Information

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REGISTERED NUMBER: 07598629






















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

JOHN NEWMAN HAIRDRESSING LTD

JOHN NEWMAN HAIRDRESSING LTD (REGISTERED NUMBER: 07598629)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

JOHN NEWMAN HAIRDRESSING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: J E Newman
Mrs S Newman





REGISTERED OFFICE: 44 Moorfield Road
Rothwell
Kettering
Northamptonshire
NN14 6AT





REGISTERED NUMBER: 07598629





Page 1
JOHN NEWMAN HAIRDRESSING LTD (REGISTERED NUMBER: 07598629)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 90,750 107,250
Tangible assets 3 15,345 18,053
106,095 125,303

CURRENT ASSETS
Stocks 23,686 24,009
Debtors 363 312
Cash at bank and in hand 147,711 98,696
171,760 123,017
CREDITORS
Amounts falling due within one year 87,017 89,414
NET CURRENT ASSETS 84,743 33,603
TOTAL ASSETS LESS CURRENT
LIABILITIES
190,838
158,906

PROVISIONS FOR LIABILITIES 1,048 1,146
NET ASSETS 189,790 157,760

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 189,690 157,660
SHAREHOLDERS' FUNDS 189,790 157,760

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these abbreviated accounts

Page 2 continued...
JOHN NEWMAN HAIRDRESSING LTD (REGISTERED NUMBER: 07598629)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 5 July 2016 and were signed on its behalf by:




J E Newman - Director



Mrs S Newman - Director


The notes form part of these abbreviated accounts

Page 3
JOHN NEWMAN HAIRDRESSING LTD (REGISTERED NUMBER: 07598629)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

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 sales of salon products and salon services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2011, is being amortised
evenly over its estimated useful life of ten years.

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 fittings - 15% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 165,000
AMORTISATION
At 1 January 2015 57,750
Amortisation for year 16,500
At 31 December 2015 74,250
NET BOOK VALUE

At 31 December 2015 90,750
At 31 December 2014 107,250

Page 4 continued...
JOHN NEWMAN HAIRDRESSING LTD (REGISTERED NUMBER: 07598629)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 31,109
DEPRECIATION
At 1 January 2015 13,056
Charge for year 2,708
At 31 December 2015 15,764
NET BOOK VALUE
At 31 December 2015 15,345
At 31 December 2014 18,053

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 £1 Ordinary 1 100 100

Page 5