Abbreviated Company Accounts - GENTLE BEAUTY CO LTD

GENTLE BEAUTY CO LTD - Company Information

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Registered Number 04323169

GENTLE BEAUTY CO LTD

Abbreviated Accounts

30 November 2015

GENTLE BEAUTY CO LTD Registered Number 04323169

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	-	199
		-	199
Current assets
Stocks		79,631	58,606
Debtors		88,137	82,304
Cash at bank and in hand		124,570	93,253
		292,338	234,163
Creditors: amounts falling due within one year	3	(100,884)	(66,443)
Net current assets (liabilities)		191,454	167,720
Total assets less current liabilities		191,454	167,919
Creditors: amounts falling due after more than one year	3	(29,166)	(29,166)
Total net assets (liabilities)		162,288	138,753
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		162,188	138,653
Shareholders' funds		162,288	138,753

For the year ending 30 November 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 14 July 2016

And signed on their behalf by:
PAUL WILLIAMS, Director

GENTLE BEAUTY CO LTD Registered Number 04323169

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates over their useful lives on the following bases:
Motor vehicles - 25 % straight line
Office equipment - 33 % straight line

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 December 2014	14,226
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	14,226
Depreciation
At 1 December 2014	14,027
Charge for the year	199
On disposals	-
At 30 November 2015	14,226
Net book values
At 30 November 2015	0
At 30 November 2014	199

3Creditors

	2015 £	2014 £
Non-instalment debts due after 5 years	16,920	16,920

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

5Transactions with directors

Name of director receiving advance or credit:	PAUL WILLIAMS
Description of the transaction:	DIRECTOR LOAN ACCOUNT
Balance at 1 December 2014:	£ 26,975
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 30 November 2015:	£ 26,975

Name of director receiving advance or credit:	PAUL WILLIAMS
Description of the transaction:	GENTLE BODYCARE LTD
Balance at 1 December 2014:	£ 6,156
Advances or credits made:	£ 7,989
Advances or credits repaid:	-
Balance at 30 November 2015:	£ 14,145

During the year the company entered into a number of transactions with Gentle Bodycare Limited, a company controlled by the director, P Williams. These are summarised as follows:
2015 2014
Sales Purchases Balance Balance
£ £ £ £
Gentle Bodycare Limited 9,874 2,118 14,145 6,156