Abbreviated Company Accounts - TRADITIONS HAIR LIMITED

TRADITIONS HAIR LIMITED - Company Information

09596996 TRADITIONS HAIR LIMITED 2016-05-31 false 2015-05-19 2016-05-31 true 09596996 2015-05-19 2016-05-31 09596996 2016-05-31 09596996 uk-gaap-cd-bus:Director1 2015-05-19 2016-05-31 09596996 uk-gaap-cd-bus:Director2 2015-05-19 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-19 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 iso4217:GBP shares

Registered Number 09596996

TRADITIONS HAIR LIMITED

Abbreviated Accounts

31 May 2016

TRADITIONS HAIR LIMITED Registered Number 09596996

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	7,120
		7,120
Current assets
Debtors		1,000
Cash at bank and in hand		178
		1,178
Creditors: amounts falling due within one year		(6,714)
Net current assets (liabilities)		(5,536)
Total assets less current liabilities		1,584
Provisions for liabilities		(1,424)
Total net assets (liabilities)		160
Capital and reserves
Called up share capital	3	100
Profit and loss account		60
Shareholders' funds		160

For the year ending 31 May 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 15 February 2017

And signed on their behalf by:
Mrs D J Cowan, Director

TRADITIONS HAIR LIMITED Registered Number 09596996

Notes to the Abbreviated Accounts for the period ended 31 May 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 of hairdressing services supplied during the year.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:-

Equipment - 15% reducing balance

Other accounting policies
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. the deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
Additions	8,377
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	8,377
Depreciation
Charge for the year	1,257
On disposals	-
At 31 May 2016	1,257
Net book values
At 31 May 2016	7,120

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

	2016 £
100 Ordinary shares of £1 each	100