Blu Hair and Beauty Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05202501 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Blu Hair and Beauty Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss M Oliver

SECRETARY:

Mrs B Wilkins

REGISTERED OFFICE:

3 Park Square

Leeds

West Yorkshire

LS1 2NE

REGISTERED NUMBER:

05202501 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

FIXED ASSETS

Intangible assets

2

-

4,500

Tangible assets

3

44,591

43,231

Investments

4

-

44,591

47,731

CURRENT ASSETS

Stocks

5,225

2,135

Debtors

11,019

6,171

Cash at bank and in hand

101

16,345

8,407

CREDITORS

Amounts falling due within one year

5

38,371

25,385

NET CURRENT LIABILITIES

(22,026

)

(16,978

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,565

30,753

CREDITORS

Amounts falling due after more than one
year

5

(21,616

)

(28,994

)

PROVISIONS FOR LIABILITIES

(300

)

(1,659

)

NET ASSETS

649

100

CAPITAL AND RESERVES

Called up share capital

6

2

Profit and loss account

647

98

SHAREHOLDERS' FUNDS

649

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 16 August 2016 and were signed by:

Miss M Oliver - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised

evenly over its estimated useful life of twenty years unless in the opinion of the directors a shorter period is

prudent.

Tangible fixed assets

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

Improvements to property

-

Straight line over 12 years

Fixtures and fittings

-

25% on cost

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

38,000

AMORTISATION

At 1 December 2014

33,500

Amortisation for year

4,500

At 30 November 2015

38,000

NET BOOK VALUE

At 30 November 2015

-

At 30 November 2014

4,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

147,759

Additions

9,000

At 30 November 2015

156,759

DEPRECIATION

At 1 December 2014

104,528

Charge for year

7,640

At 30 November 2015

112,168

NET BOOK VALUE

At 30 November 2015

44,591

At 30 November 2014

43,231

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

20,000

Disposals

(20,000

)

At 30 November 2015

-

NET BOOK VALUE

At 30 November 2015

-

5.

CREDITORS

The following secured debts are included within creditors:

30.11.15

30.11.14

£

Bank overdrafts

18,671

4,942

Bank loans

28,316

34,927

46,987

39,869

Creditors include the following debts falling due in more than five years:

30.11.15

30.11.14

£

Repayable by instalments

-

5,262

The bank loan is secured by way of a mortgage debenture over the company's assets.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

1

Ordinary

£1

1

B Ordinary

£1

1

2