Image Hairdressing Limited - Abbreviated accounts 16.1

Image Hairdressing Limited - Abbreviated accounts 16.1

IMAGE HAIRDRESSING LIMITED - Company Information

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REGISTERED NUMBER: 08170072 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2016

FOR

IMAGE HAIRDRESSING LIMITED

IMAGE HAIRDRESSING LIMITED (REGISTERED NUMBER: 08170072)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Certified Accountants' Report 6

IMAGE HAIRDRESSING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTOR: Ms E Lowry





REGISTERED OFFICE: Market House
21 Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: 08170072 (England and Wales)





ACCOUNTANTS: Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG
Page 1
IMAGE HAIRDRESSING LIMITED (REGISTERED NUMBER: 08170072)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - 3,332
Tangible assets 3 2,627 5,574
2,627 8,906

CURRENT ASSETS
Stocks 3,824 7,651
Debtors 1,360 1,345
Cash at bank and in hand 8,089 7,922
13,273 16,918
CREDITORS
Amounts falling due within one year 97,761 93,643
NET CURRENT LIABILITIES (84,488 ) (76,725 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(81,861
)
(67,819
)

CAPITAL AND RESERVES
Called up share capital 4 10 10
Profit and loss account (81,871 ) (67,829 )
SHAREHOLDERS' FUNDS (81,861 ) (67,819 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
IMAGE HAIRDRESSING LIMITED (REGISTERED NUMBER: 08170072)

ABBREVIATED BALANCE SHEET - continued
31 JANUARY 2016


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 31 May 2016 and were signed by:





Ms E Lowry - Director


The notes form part of these abbreviated accounts

Page 3
IMAGE HAIRDRESSING LIMITED (REGISTERED NUMBER: 08170072)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016


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 January 2015).

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 2013, is being amortised evenly over its estimated useful life of three years.

Other intangible fixed assets including intellectual property rights and contracts are amortised on the same basis
as goodwill, over its estimated useful life of three years.

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

Short leasehold - Over the term of the lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% 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.

Going concern
The financial statements have been drawn up on a going concern basis which assumes adequate finance will
continue to be made available and accordingly do not take account of adjustments, if any, which may be
necessary if the company is unable to continue as a concern.

Page 4 continued...
IMAGE HAIRDRESSING LIMITED (REGISTERED NUMBER: 08170072)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 10,000
AMORTISATION
At 1 February 2015 6,668
Amortisation for year 3,332
At 31 January 2016 10,000
NET BOOK VALUE

At 31 January 2016 -
At 31 January 2015 3,332

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 11,407
DEPRECIATION
At 1 February 2015 5,833
Charge for year 2,947
At 31 January 2016 8,780
NET BOOK VALUE
At 31 January 2016 2,627
At 31 January 2015 5,574

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10 Ordinary 1 10 10

Page 5
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
IMAGE HAIRDRESSING LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Image Hairdressing Limited for the year ended 31 January 2016 which comprise the Profit and
Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Image Hairdressing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Image Hairdressing Limited and state those matters that we have agreed to state to the director of Image Hairdressing Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Image Hairdressing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Image Hairdressing Limited. You consider that Image Hairdressing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Image Hairdressing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG


31 May 2016

This page does not form part of the abbreviated accounts

Page 6