JT'S HAIR SALON LTD,Ltd - Accounts

JT'S HAIR SALON LTD,Ltd - Accounts

JT'S HAIR SALON LIMITED - Company Information

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2015-01-01 true false Private Limited Company 05873773 2015-12-31 05873773 2015-01-01 2015-12-31 05873773 2014-12-31 05873773 2014-01-01 2014-12-31 05873773 uk-bus:Director1 2015-01-01 2015-12-31 iso4217:GBP
JT'S HAIR SALON LTD
For the year ended 31 December 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05873773
2
Contents Page
JT'S HAIR SALON LTD
For the year ended 31 December 2015
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
JT'S HAIR SALON LTD
As at 31 December 2015
05873773
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
1,918
2,256
Investments
-
6,562
3
8,480
2,256
Current assets
Stocks
2,247
2,728
Debtors
3,117
3,117
Cash at bank and in hand
3,492
9,002
9,337
14,366
Creditors: amounts falling due within one year
(5,115)
(6,291)
9,251
3,046
Net current assets
Total assets less current liabilities
11,526
11,507
11,526
Net assets
11,507
Capital and reserves
Called up share capital
1
1
Profit and loss account
11,525
11,506
11,526
11,507
Shareholders funds
For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 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.
Date approved by the board: 25 August 2016
T N Gledhill Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
JT'S HAIR SALON LTD
For the year ended 31 December 2015
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.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
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:
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
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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5
Notes to the Abbreviated Financial Statements
JT'S HAIR SALON LTD
For the year ended 31 December 2015
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
3,049
At 01 January 2015
At 31 December 2015
3,049
Depreciation
793
At 01 January 2015
338
Charge for year
1,131
At 31 December 2015
Net book values
At 31 December 2015
1,918
2,256
At 31 December 2014
3 Fixed asset investments
Fixed asset
investments
Cost
£
6,562
Additions
At 31 December 2015
6,562
Net book value
At 31 December 2015
6,562
-
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