Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

BEAUTY WORKS (CHESHIRE) LIMITED - Company Information

Print Friendly Version

BEAUTY WORKS (CHESHIRE) LIMITED

Company Registration Number:
04339051 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

BEAUTY WORKS (CHESHIRE) LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 2 149,711 149,711
Tangible assets: 3 9,582 12,195
Total fixed assets: 159,293 161,906
Current assets
Stocks: 43,885 54,150
Debtors: 344,500 222,000
Cash at bank and in hand: 20,278 27,078
Total current assets: 408,663 303,228
Creditors: amounts falling due within one year: ( 71,529 ) ( 58,329 )
Net current assets (liabilities): 337,134 244,899
Total assets less current liabilities: 496,427 406,805
Creditors: amounts falling due after more than one year: ( 28,616 ) ( 47,523 )
Provision for liabilities: 0 0
Total net assets (liabilities): 467,811 359,282

The notes form part of these financial statements

BEAUTY WORKS (CHESHIRE) LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 4 2 2
Revaluation reserve: 0 0
Profit and loss account: 467,809 359,280
Shareholders funds: 467,811 359,282

For the year ending 31 March 2016 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.

The financial statements were approved by the Board of Directors on 12 September 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Jonathan Bourne
Status: Director

The notes form part of these financial statements

BEAUTY WORKS (CHESHIRE) LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard fir Smaller Entities 2015.

    Turnover policy

    Turnover represents revenue earned during the period exclusive of VAT.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated at the rate of 18% on the reducing balance method.

    Intangible fixed assets amortisation policy

    Intantible fixed assets are amortised at rates calculated to write off the assets over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of the asset may not be fully recoverable.

    Valuation information and policy

    Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stock.

    Other accounting policies

    The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards which have been applied consistently (except as otherwise stated).

BEAUTY WORKS (CHESHIRE) LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Intangible assets

    Total
    Cost £
    01 April 2015: 149,711
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 149,711
    Amortisation
    01 April 2015: 0
    Provided during the period: 0
    On disposals: 0
    Other Adjustments: 0
    31 March 2016: 0
    Net book value
    31 March 2016: 149,711
    31 March 2015: 149,711

BEAUTY WORKS (CHESHIRE) LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Tangible assets

    Total
    Cost £
    01 April 2015: 466,690
    Additions: 8,273
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 474,963
    Depreciation
    01 April 2015: 454,495
    Charge for year: 10,467
    On disposals: 0
    Other adjustments: 419
    31 March 2016: 465,381
    Net book value
    31 March 2016: 9,582
    31 March 2015: 12,195

BEAUTY WORKS (CHESHIRE) LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0 0
    Total share capital (£): 2
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0 0
    Total share capital (£): 2

BEAUTY WORKS (CHESHIRE) LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 5. Related party disclosures

    Name of related party: Directors
    Description of the transaction Credit balance on the Directors' Loan account
    Balance at 01 April 2015 47,523
    Balance at 31 March 2016 28,616
    Name of related party: Bourne Lettings Limited
    Relationship: The Directors are materially interested as shareholders.
    Description of the transaction Loan to the company.
    Balance at 01 April 2015 222,000
    Balance at 31 March 2016 344,500
    Name of related party: Directors
    Description of the transaction The Company pays a market rent to the Directors for the business premises.
    Balance at 01 April 2015 27,000
    Balance at 31 March 2016 27,000