Abbreviated Company Accounts - PHAIR DESIGNS LIMITED

PHAIR DESIGNS LIMITED - Company Information

08758092 PHAIR DESIGNS LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 08758092 2015-01-01 2015-12-31 08758092 2015-12-31 08758092 2014-12-31 08758092 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 08758092 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 08758092

PHAIR DESIGNS LIMITED

Abbreviated Accounts

31 December 2015

PHAIR DESIGNS LIMITED Registered Number 08758092

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,028	301
		1,028	301
Current assets
Debtors		1,950	1,762
Cash at bank and in hand		14,579	3,816
		16,529	5,578
Creditors: amounts falling due within one year		(15,036)	(5,500)
Net current assets (liabilities)		1,493	78
Total assets less current liabilities		2,521	379
Provisions for liabilities		(176)	0
Total net assets (liabilities)		2,345	379
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		2,344	378
Shareholders' funds		2,345	379

For the year ending 31 December 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 28 September 2016

And signed on their behalf by:
Miss A L Phair, Director

PHAIR DESIGNS LIMITED Registered Number 08758092

Notes to the Abbreviated Accounts for the period ended 31 December 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 represents net invoiced sales of services.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Contributions payable to a pension scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets

	£
Cost
At 1 January 2015	390
Additions	1,043
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	1,433
Depreciation
At 1 January 2015	89
Charge for the year	316
On disposals	-
At 31 December 2015	405
Net book values
At 31 December 2015	1,028
At 31 December 2014	301

3Called Up Share Capital
Allotted, called up and fully paid:

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