Harley Skin & Laser Ltd - Period Ending 2016-04-30

Registration number: 07601745

Harley Skin & Laser Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

AIMS Accountants for Business
Fillybrook House
8 The Fillybrooks
Stone
ST15 0DJ

Harley Skin & Laser Ltd
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.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Harley Skin & Laser Ltd
for the Year Ended 30 April 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Harley Skin & Laser Ltd for the year ended 30 April 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Harley Skin & Laser Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Harley Skin & Laser Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harley Skin & Laser Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Harley Skin & Laser Ltd 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 Harley Skin & Laser Ltd. You consider that Harley Skin & Laser Ltd 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 accounts of Harley Skin & Laser Ltd. 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 accounts.

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

AIMS Accountants for Business
Fillybrook House
8 The Fillybrooks
Stone
ST15 0DJ

10 November 2016

Page 1

Harley Skin & Laser Ltd
(Registration number: 07601745)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					7,346			10,834
Current assets
Stocks					1,500			1,500
Debtors					713			698
Cash at bank and in hand					7,044			3,058
					9,257			5,256
Creditors: Amounts falling due within one year					(16,414)			(15,854)
Net current liabilities					(7,157)			(10,598)
Net assets					189			236
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					89			136
Shareholders' funds					189			236

For the year ending 30 April 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 10 November 2016

.........................................
Mrs Harley Spencer
Director

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

Harley Skin & Laser Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 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 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% straight line
Office equipment	20% straight line
Fixtures and fittings	20% straight line

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.

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

Harley Skin & Laser Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		36,235			36,235
Additions		4,699			4,699
At 30 April 2016		40,934			40,934
Depreciation
At 1 May 2015		25,401			25,401
Charge for the year		8,187			8,187
At 30 April 2016		33,588			33,588
Net book value
At 30 April 2016		7,346			7,346
At 30 April 2015		10,834			10,834

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4