Pearl Aesthetics Ltd. - Abbreviated accounts 16.3

REGISTERED NUMBER: 07540385 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

PEARL AESTHETICS LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P Gupta

SECRETARY:

P Gupta

REGISTERED OFFICE:

Maple House

School Lane

Stoke Poges

Buckinghamshire

SL2 4QA

REGISTERED NUMBER:

07540385 (England and Wales)

ACCOUNTANTS:

Mehta & Tengra

Chartered Accountants

24 Bedford Row

London

WC1R 4TQ

FIXED ASSETS

Tangible assets

2

1,611

1,642

CURRENT ASSETS

Debtors

2,291

9,762

Cash at bank

355,540

279,963

357,831

289,725

CREDITORS

Amounts falling due within one year

(203,179

)

(56,290

)

NET CURRENT ASSETS

154,652

233,435

TOTAL ASSETS LESS CURRENT
LIABILITIES

156,263

235,077

PROVISIONS FOR LIABILITIES

(424

)

(328

)

NET ASSETS

155,839

234,749

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

155,739

234,649

SHAREHOLDERS' FUNDS

155,839

234,749

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 director acknowledges his 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 director on 5 December 2016 and were signed by:

P Gupta - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of services, 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.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

20% on cost

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

3,414

Additions

477

At 31 March 2016

3,891

DEPRECIATION

At 1 April 2015

1,772

Charge for year

508

At 31 March 2016

2,280

NET BOOK VALUE

At 31 March 2016

1,611

At 31 March 2015

1,642

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

P Gupta

Balance outstanding at start of year

(4,431

)

3,218

Amounts repaid

(190,369

)

(7,649

)

Balance outstanding at end of year

(194,800

)

(4,431

)