Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

JULIANS HAIR SALONS LIMITED - Company Information

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JULIANS HAIR SALONS LIMITED

Company Registration Number:
07546499 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

JULIANS HAIR SALONS LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 2 0 100
Tangible assets: 3 7,564 8,092
Total fixed assets: 7,564 8,192
Current assets
Debtors: 4 42,535 52,008
Cash at bank and in hand: 5,435 10,592
Total current assets: 47,970 62,600
Creditors: amounts falling due within one year: 5 ( 44,950 ) ( 117,546 )
Net current assets (liabilities): 3,020 ( 54,946 )
Total assets less current liabilities: 10,584 ( 46,754 )
Creditors: amounts falling due after more than one year: ( 67,447 ) 0
Total net assets (liabilities): ( 56,863 ) ( 46,754 )

The notes form part of these financial statements

JULIANS HAIR SALONS LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 6 1 1
Profit and loss account: ( 56,864 ) ( 46,755 )
Shareholders funds: ( 56,863 ) ( 46,754 )

For the year ending 31 March 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 directors acknowledge their 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 24 November 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Duncan McClure Fisher
Status: Director

The notes form part of these financial statements

JULIANS HAIR SALONS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015)

    Turnover policy

    Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

    Plant and machinery 25% on reducing balance

    Intangible fixed assets amortisation policy

    Goodwill, being the amount paid in connection with the acquisition of a business is being amortised over its useful life of 5 years.

JULIANS HAIR SALONS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Intangible assets

    Total
    Cost £
    01 April 2015: 500
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 500
    Amortisation
    01 April 2015: 400
    Provided during the period: 100
    On disposals: 0
    Other Adjustments: 0
    31 March 2016: 500
    Net book value
    31 March 2016: 0
    31 March 2015: 100

JULIANS HAIR SALONS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Tangible assets

    Total
    Cost £
    01 April 2015: 20,898
    Additions: 1,587
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 22,485
    Depreciation
    01 April 2015: 12,806
    Charge for year: 2,115
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 14,921
    Net book value
    31 March 2016: 7,564
    31 March 2015: 8,092

JULIANS HAIR SALONS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 4. Debtors


    2016
    £
    2015
    £
    Trade debtors: 3,839 0
    Prepayments and accrued income: 10,306 23,618
    Other debtors: 28,390 28,390
    Total: 42,535 52,008

JULIANS HAIR SALONS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 5. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Bank loans and overdrafts: 4,641 3,131
    Trade creditors: 26,444 36,713
    Taxation and social security: 11,125 9,935
    Other creditors: 2,740 67,767
    Total: 44,950 117,546

JULIANS HAIR SALONS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 6. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1