Pasquale Hairdressers Limited Small abbreviated accounts

PASQUALE HAIRDRESSERS LIMITED - Company Information

FY Private Limited Company Company accounts 2017-03-02 2017-03-02 false true false false false false false false false false false false true true 2015-10-01 true xbrli:pure xbrli:shares iso4217:GBP 07790404 2015-10-01 2016-09-30 07790404 2016-09-30 07790404 2015-09-30 07790404 2015-09-30 07790404 uk-gaap:PlantMachinery 2015-10-01 2016-09-30 07790404 uk-gaap:FixturesFittings 2015-10-01 2016-09-30 07790404 uk-gaap:NetGoodwill 2015-10-01 2016-09-30 07790404 uk-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 07790404 uk-bus:Director1 2015-10-01 2016-09-30 07790404 uk-gaap:AllSubsidiaries 2015-10-01 2016-09-30 07790404 uk-bus:OrdinaryShareClass1 2016-09-30 07790404 uk-bus:OrdinaryShareClass1 2015-09-30 07790404 uk-lang:English 2015-10-01 2016-09-30 07790404 uk-curr:PoundSterling 2015-10-01 2016-09-30

COMPANY REGISTRATION NUMBER 07790404

PASQUALE HAIRDRESSERS LIMITED

ABBREVIATED ACCOUNTS

30 September 2016

PASQUALE HAIRDRESSERS LIMITED

ABBREVIATED BALANCE SHEET

30 September 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Intangible assets			7,500	8,000
Tangible assets			1,249	1,666
			--------	--------
			8,749	9,666
			--------	--------

CURRENT ASSETS

Stocks	650		610

CREDITORS: Amounts falling due within one year	5,587		2,257
	--------		--------
NET CURRENT LIABILITIES		( 4,937)	( 1,647)
		--------	--------
TOTAL ASSETS LESS CURRENT LIABILITIES		3,812	8,019
		--------	--------

CAPITAL AND RESERVES

Called up equity share capital	3	2	2
Profit and loss account		3,810	8,017
		--------	--------
SHAREHOLDERS' FUNDS		3,812	8,019
		--------	--------

For the year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 20 February 2017 .

Mr P Di Stasio

Company Registration Number: 07790404

PASQUALE HAIRDRESSERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30 SEPTEMBER 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill-5% straight line

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery-25% reducing balance

Fixtures & Fittings-25% reducing balance

Stocks

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

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. FIXED ASSETS

Intangible Assets	Tangible Assets	Total
£	£	£

COST

At 1 October 2015 and 30 September 2016	10,000	5,265	15,265
	----------	--------	----------

DEPRECIATION

At 1 October 2015	2,000	3,599	5,599
Charge for year	500	417	917
	----------	--------	----------
At 30 September 2016	2,500	4,016	6,516
	----------	--------	----------

NET BOOK VALUE

At 30 September 2016	7,500	1,249	8,749
	--------	--------	--------

At 30 September 2015	8,000	1,666	9,666
	--------	--------	--------

3. SHARE CAPITAL

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
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