HELEN_WHITEHOUSE_HAIRDRES - Accounts

HELEN WHITEHOUSE HAIRDRESSING LIMITED - Company Information

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Company Registration No. 07899290 (England and Wales)

HELEN WHITEHOUSE HAIRDRESSING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

HELEN WHITEHOUSE HAIRDRESSING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

HELEN WHITEHOUSE HAIRDRESSING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

10,024

13,581

Current assets

Debtors

8,319

Cash at bank and in hand

8,319

Creditors: amounts falling due within one year

(16,816)

(9,059)

Net current liabilities

(16,793)

(740)

Total assets less current liabilities

(6,769)

12,841

Creditors: amounts falling due after more than one year

(15,360)

Provisions for liabilities

(4,287)

(11,056)

(6,806)

Capital and reserves

Called up share capital

Profit and loss account

(11,057)

(6,807)

Shareholders' funds

(11,056)

(6,806)

For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 April 2016

Mr P Sandhu

Director

Company Registration No. 07899290

HELEN WHITEHOUSE HAIRDRESSING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

25% reducing balance

Plant and machinery

25% reducing balance

1.5

Going concern

Although the company shows net liabilities, the director believes that it will appropriate to prepare financial statements on a going concern basis, as he believes that, with his support, the company will become profitable.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 March 2015 & at 28 February 2016

32,521

Depreciation

At 1 March 2015

18,940

Charge for the year

3,557

At 28 February 2016

22,497

Net book value

At 28 February 2016

10,024

At 28 February 2015

13,581

HELEN WHITEHOUSE HAIRDRESSING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1 of £1 each