Pure Beauty (NKT) Limited - Period Ending 2016-06-30

Registration number: 08563146

Pure Beauty (NKT) Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

N W Accountancy (NKT) Limited
7 Laureate Paddocks
Newmarket
Suffolk
CB8 0AP

Pure Beauty (NKT) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Pure Beauty (NKT) Limited
for the Year Ended 30 June 2016

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Pure Beauty (NKT) Limited for the year ended 30 June 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Pure Beauty (NKT) Limited, as a body, in accordance with the terms of our engagement letter. My work has been undertaken solely to prepare for your approval the accounts of Pure Beauty (NKT) Limited and state those matters that I have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Pure Beauty (NKT) Limited and its Board of Directors as a body for my work or for this report.

It is your duty to ensure that Pure Beauty (NKT) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pure Beauty (NKT) Limited. You consider that Pure Beauty (NKT) Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the accounts of Pure Beauty (NKT) Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory accounts.

......................................

N W Accountancy (NKT) Limited
7 Laureate Paddocks
Newmarket
Suffolk
CB8 0AP

16 September 2016

Page 1

Pure Beauty (NKT) Limited
(Registration number: 08563146)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					15,552			18,390
Current assets
Stocks					7,154			8,465
Debtors					2,433			-
Cash at bank and in hand					88,031			69,433
					97,618			77,898
Creditors: Amounts falling due within one year					(40,852)			(51,324)
Net current assets					56,766			26,574
Total assets less current liabilities					72,318			44,964
Provisions for liabilities					(2,191)			(1,956)
Net assets					70,127			43,008
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					70,126			43,007
Shareholders' funds					70,127			43,008

For the year ending 30 June 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 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 .

Approved by the director on 5 September 2016

.........................................
Mrs Zoe Suzanne MacDonald
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Pure Beauty (NKT) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance basis
Fixtures and fittings	20% reducing balance basis
Office equipment	20% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Pure Beauty (NKT) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		28,662			28,662
Additions		1,049			1,049
At 30 June 2016		29,711			29,711
Depreciation
At 1 July 2015		10,272			10,272
Charge for the year		3,887			3,887
At 30 June 2016		14,159			14,159
Net book value
At 30 June 2016		15,552			15,552
At 30 June 2015		18,390			18,390

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mrs Zoe Suzanne MacDonald
Loan from Director - unsecured, interest free and repayable on demand	18,275	12,568	30,843	-

Page 4