Simon Bailey Hairdressing Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08984009 (England and Wales)

SIMON BAILEY HAIRDRESSING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Certified Accountants' Report

6

DIRECTOR:

S R Bailey

REGISTERED OFFICE:

The Old Electrical Workshop

Welby

Grantham

Lincolnshire

NG32 3LT

REGISTERED NUMBER:

08984009 (England and Wales)

ACCOUNTANTS:

Philip Atherton Limited

The Old Electrical Workshop

Welby

Grantham

Lincolnshire

NG32 3LT

FIXED ASSETS

Tangible assets

2

2,160

2,880

CURRENT ASSETS

Stocks

875

950

Debtors

21,516

12,050

Cash at bank and in hand

1,665

1,903

24,056

14,903

CREDITORS

Amounts falling due within one year

24,636

13,796

NET CURRENT (LIABILITIES)/ASSETS

(580

)

1,107

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,580

3,987

CREDITORS

Amounts falling due after more than one
year

1,545

1,980

NET ASSETS

35

2,007

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

34

2,006

SHAREHOLDERS' FUNDS

35

2,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 16 January 2017 and were signed by:

S R Bailey - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, 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.

Fixtures and fittings

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

3,600

DEPRECIATION

At 1 May 2015

720

Charge for year

720

At 30 April 2016

1,440

NET BOOK VALUE

At 30 April 2016

2,160

At 30 April 2015

2,880

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2016 and

30 April 2015:

2016

2015

£

S R Bailey

Balance outstanding at start of year

12,050

-

Amounts advanced

39,466

38,050

Amounts repaid

(30,000

)

(26,000

)

Balance outstanding at end of year

21,516

12,050

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Simon Bailey Hairdressing Limited for the year ended 30 April 2016 which comprise the

Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Simon Bailey Hairdressing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Simon Bailey Hairdressing Limited and state those matters that we have agreed to state to the director of Simon Bailey Hairdressing Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Simon Bailey Hairdressing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Simon Bailey Hairdressing Limited. You consider that Simon Bailey Hairdressing Limited 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 financial statements of Simon Bailey Hairdressing Limited. 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 financial statements.

Philip Atherton Limited

The Old Electrical Workshop

Welby

Grantham

Lincolnshire

NG32 3LT

16 January 2017