TM Beauty Limited,Ltd - Accounts

TM Beauty Limited,Ltd - Accounts

TM BEAUTY LIMITED - Company Information

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2015-04-01 true false Private Limited Company 06773143 2016-03-31 06773143 2015-04-01 2016-03-31 06773143 2015-03-31 06773143 2014-04-01 2015-03-31 06773143 uk-bus:Director1 2015-04-01 2016-03-31 06773143 uk-gaap:Buildings 2015-04-01 2016-03-31 06773143 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 06773143 uk-gaap:FixturesFittings 2015-04-01 2016-03-31 06773143 uk-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP
TM Beauty Limited
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06773143
2
Contents Page
TM Beauty Limited
For the year ended 31 March 2016
1
Accountant's Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
TM Beauty Limited
Accountant's Report
For the year ended 31 March 2016
As described in the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 March 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Longhill Accounting Limited
1 Longhill Lodge
Ditcheat
Shepton Mallet
Somerset
BA4 6QR
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4
Abbreviated Balance Sheet
TM Beauty Limited
As at 31 March 2016
06773143
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
488
180
488
180
Current assets
Stocks
2,779
2,412
Debtors
3,548
2,315
Cash at bank and in hand
5,139
4,559
9,866
10,886
Creditors: amounts falling due within one year
(86,552)
(75,912)
(75,666)
(66,046)
Net current liabilities
Total assets less current liabilities
(65,558)
(75,486)
(99)
(37)
Provisions for liabilities
(65,657)
Net liabilities
(75,523)
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
(65,757)
(75,623)
(65,657)
(75,523)
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges her 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.
Date approved by the board: 15 July 2016
Ms R Bailey Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
TM Beauty Limited
For the year ended 31 March 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
4 years Straight line
Plant and Machinery
4 years Straight line
Fixtures and Fittings
4 years Straight line
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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Notes to the Abbreviated Financial Statements
TM Beauty Limited
For the year ended 31 March 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
15,932
At 01 April 2015
826
Additions
At 31 March 2016
16,758
Depreciation
16,012
At 01 April 2015
258
Charge for year
16,270
At 31 March 2016
Net book values
At 31 March 2016
488
(80)
At 31 March 2015
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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