Abbreviated Company Accounts - CRYSTAL HAIR AND BEAUTY LIMITED

CRYSTAL HAIR AND BEAUTY LIMITED - Company Information

07308978 CRYSTAL HAIR AND BEAUTY LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 07308978 2015-08-01 2016-07-31 07308978 2016-07-31 07308978 2015-07-31 07308978 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 07308978 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 07308978

CRYSTAL HAIR AND BEAUTY LIMITED

Abbreviated Accounts

31 July 2016

CRYSTAL HAIR AND BEAUTY LIMITED Registered Number 07308978

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	8,100	10,800
		8,100	10,800
Current assets
Stocks		12,113	16,804
Debtors		39,301	50,463
Cash at bank and in hand		1,670	465
		53,084	67,732
Creditors: amounts falling due within one year		(66,696)	(69,296)
Net current assets (liabilities)		(13,612)	(1,564)
Total assets less current liabilities		(5,512)	9,236
Creditors: amounts falling due after more than one year		(4,248)	(8,351)
Total net assets (liabilities)		(9,760)	885
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(9,860)	785
Shareholders' funds		(9,760)	885

For the year ending 31 July 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.

Approved by the Board on 20 December 2016

And signed on their behalf by:
E Adama-Acquah, Director

CRYSTAL HAIR AND BEAUTY LIMITED Registered Number 07308978

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting 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 April 2008.

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 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 20% straight line

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 August 2015	13,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	13,500
Depreciation
At 1 August 2015	2,700
Charge for the year	2,700
On disposals	-
At 31 July 2016	5,400
Net book values
At 31 July 2016	8,100
At 31 July 2015	10,800

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100