Bodywise Beauty Studio Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04746629 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Bodywise Beauty Studio Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs K Hindle

A O'Brien

P Hindle

REGISTERED OFFICE:

110 Winter Hey Lane

Horwich

Bolton

Lancashire

BL6 7PJ

REGISTERED NUMBER:

04746629 (England and Wales)

ACCOUNTANTS:

FS Accountants Limited

44 York Street

Clitheroe

Lancashire

BB7 2DL

FIXED ASSETS

Tangible assets

2

14,459

17,009

CURRENT ASSETS

Stocks

15,884

15,070

Debtors

2,738

1,234

Cash at bank

3,608

4,680

22,230

20,984

CREDITORS

Amounts falling due within one year

14,192

13,983

NET CURRENT ASSETS

8,038

7,001

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,497

24,010

CREDITORS

Amounts falling due after more than one
year

(18,943

)

(17,022

)

PROVISIONS FOR LIABILITIES

(2,270

)

(2,643

)

NET ASSETS

1,284

4,345

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

1,280

4,341

SHAREHOLDERS' FUNDS

1,284

4,345

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors on 24 June 2016 and were signed on its behalf by:

Mrs K Hindle - Director

P Hindle - Director

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.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

59,816

DEPRECIATION

At 1 April 2015

42,807

Charge for year

2,550

At 31 March 2016

45,357

NET BOOK VALUE

At 31 March 2016

14,459

At 31 March 2015

17,009

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

4

Ordinary

£1

4

4.

CONTROL

The company is under the control of K Hindle as she owns the majority of the share capital.