M&B Hair and Beauty Supplies Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06550914 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

M&B Hair and Beauty Supplies Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M D Waldren

G S Waldren

SECRETARY:

M D Waldren

REGISTERED OFFICE:

Unit 1, 115 Loverock Road

Reading

Berkshire

RG30 1DZ

REGISTERED NUMBER:

06550914 (England and Wales)

ACCOUNTANTS:

Turner & Co

Chartered Accountants

10a White Hart Parade

London Road

Blackwater

Camberley

Surrey

GU17 9AD

FIXED ASSETS

Tangible assets

2

2,766

8,026

CURRENT ASSETS

Stocks

104,819

114,854

Debtors

34,888

30,315

Cash at bank and in hand

2,058

7,754

141,765

152,923

CREDITORS

Amounts falling due within one year

3

89,993

110,048

NET CURRENT ASSETS

51,772

42,875

TOTAL ASSETS LESS CURRENT
LIABILITIES

54,538

50,901

CREDITORS

Amounts falling due after more than one
year

3

17,117

18,756

NET ASSETS

37,421

32,145

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

36,421

31,145

SHAREHOLDERS' FUNDS

37,421

32,145

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.

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 29 January 2017 and were signed on its behalf by:

M D Waldren - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

54,936

DEPRECIATION

At 1 May 2015

46,910

Charge for year

5,260

At 30 April 2016

52,170

NET BOOK VALUE

At 30 April 2016

2,766

At 30 April 2015

8,026

3.

CREDITORS

Creditors include an amount of £ 36,803 (30.4.15 - £ 31,519 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.4.16

30.4.15

£

Repayable by instalments

17,117

9,856

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

1,000

Ordinary

£1

1,000