Flanagans Barber Shop Ltd - Abbreviated accounts 16.3

Flanagans Barber Shop Ltd - Abbreviated accounts 16.3


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REGISTERED NUMBER: 03198383 (England and Wales)


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

FLANAGANS BARBER SHOP LTD

FLANAGANS BARBER SHOP LTD (REGISTERED NUMBER: 03198383)






CONTENTS OF THE ABBREVIATED 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

FLANAGANS BARBER SHOP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2016







DIRECTORS: Mr T P Tierney
Mrs M Tierney
Mr C J Mullen
Mr D Looms





SECRETARY: Mrs M Tierney





REGISTERED OFFICE: 250 Finney Lane
Heald Green
Stockport
Cheshire
SK8 3QD





REGISTERED NUMBER: 03198383 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

FLANAGANS BARBER SHOP LTD (REGISTERED NUMBER: 03198383)

ABBREVIATED BALANCE SHEET
30 APRIL 2016

30/4/16 30/4/15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 123,617 148,177

CURRENT ASSETS
Stocks 15,591 17,176
Debtors 21,849 22,149
Cash at bank and in hand 158,984 111,845
196,424 151,170
CREDITORS
Amounts falling due within one year 146,894 129,697
NET CURRENT ASSETS 49,530 21,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,147

169,650

PROVISIONS FOR LIABILITIES 20,771 24,525
NET ASSETS 152,376 145,125

CAPITAL AND RESERVES
Called up share capital 3 105 105
Share premium 3,995 3,995
Profit and loss account 148,276 141,025
152,376 145,125

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 directors acknowledge their 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.

FLANAGANS BARBER SHOP LTD (REGISTERED NUMBER: 03198383)

ABBREVIATED BALANCE SHEET - continued
30 APRIL 2016


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 Board of Directors on 9 January 2017 and were signed on its behalf by:





Mr T P Tierney - Director


FLANAGANS BARBER SHOP LTD (REGISTERED NUMBER: 03198383)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016

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 the total amount receivable by the company for goods supplied and services provided,
excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold - 20% on cost
Fixtures & fittings - 15% 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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015 291,941
Additions 10,348
Disposals (38,907 )
At 30 April 2016 263,382
DEPRECIATION
At 1 May 2015 143,764
Charge for year 30,978
Eliminated on disposal (34,977 )
At 30 April 2016 139,765
NET BOOK VALUE
At 30 April 2016 123,617
At 30 April 2015 148,177

FLANAGANS BARBER SHOP LTD (REGISTERED NUMBER: 03198383)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 APRIL 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
2015 2014
£    £   
3800 A ordinary shares of £0.01 each 38 38
3800 B ordinary shares of £0.01 each 38 38
1500 C ordinary shares of £0.01 each 15 15
100 D ordinary share of £0.01 each 1 1
100 E ordinary share of £0.01 each 1 1
100 F ordinary share of £0.01 each 1 1
100 G ordinary share of £0.01 each 1 1
100 H ordinary shares of £0.01 each 1 1
100 I ordinary shares of £0.01 each 1 1
100 J ordinary shares of £0.01 each 1 1
100 K ordinary share of £0.01 each 1 1
100 L ordinary share of £0.01 each 1 1
526 M ordinary shares of £0.01 each 5.26 5.26


All the classes of fully paid "A" to "M" Ordinary shares have the same rights attaching to them except they
carry differential rights to the receipt of such dividends, payable on such class or classes of shares, in such
amounts, at such frequency and at such times on the recommendation of the Directors.