STYLISTS_FOR_BUSINESS_LIM - Accounts

STYLISTS FOR BUSINESS LTD - Company Information

Print Friendly Version

Company Registration No. 07619787 (England and Wales)

STYLISTS FOR BUSINESS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

STYLISTS FOR BUSINESS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

STYLISTS FOR BUSINESS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

462

230

Current assets

Debtors

1,552

629

Cash at bank and in hand

2,881

6,043

4,433

6,672

Creditors: amounts falling due within one year

(8,612)

(4,186)

Net current liabilities/(assets)

(4,179)

2,486

Total assets less current liabilities

(3,717)

2,716

Provisions for liabilities

(46)

(3,717)

2,670

Capital and reserves

Called up share capital

Profit and loss account

(3,719)

2,668

Shareholders' funds

(3,717)

2,670

For the financial year ended 31 August 2015 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 2 December 2016

Mr D Solly

Director

Company Registration No. 07619787

The notes on pages 2 - 3 form part of these financial statements.

STYLISTS FOR BUSINESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

Accounting policies

1.1

Going concern

The financial statements have been prepared on a going concern basis despite the company having net liabilities of £3,717 as the director has indicated his willingness to support the company over the next twelve months.

1.2

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.3

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).

1.4

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax supplied to customers during the year. income is recognised when services are completed to the extent that the customer has an obligation to pay all or part of the contract sums.

1.5

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:

Computer equipment

25% on cost

1.6

Deferred taxation

Deferred tax is provided in respect of the tax effect of all timing differences that have originated but not reversed at the balance sheet date.

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely then not that there will be suitable taxable profits from which the future reversal of the underlying timing difference can be deducted.

Deferred tax is measured on a nondiscounted basis, at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date.

STYLISTS FOR BUSINESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 September 2014

793

Additions

479

At 31 August 2015

1,272

Depreciation

At 1 September 2014

563

Charge for the year

247

At 31 August 2015

810

Net book value

At 31 August 2015

462

At 31 August 2014

230

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary shares class A of £1 each

1 Ordinary shares class B of £1 each

These shares rank pari passu in all respects.