The Company Hairdressers Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04233465 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

The Company Hairdressers Ltd

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

331,294

331,155

331,294

331,155

CURRENT ASSETS

Stocks

1,389

1,292

Debtors

869

841

Cash at bank

9,561

4,994

11,819

7,127

CREDITORS

Amounts falling due within one year

4

18,009

16,530

NET CURRENT LIABILITIES

(6,190

)

(9,403

)

TOTAL ASSETS LESS CURRENT LIABILITIES

325,104

321,752

CREDITORS

Amounts falling due after more than one year

4

(324,420

)

(320,445

)

PROVISIONS FOR LIABILITIES

(279

)

(252

)

NET ASSETS

405

1,055

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

404

1,054

SHAREHOLDERS' FUNDS

405

1,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 21 October 2014 and were signed by:

Mr S P Bennett - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% - 50% on 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.

Deferred tax

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

sheet date.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

20,000

AMORTISATION

At 1 July 2013

and 30 June 2014

20,000

NET BOOK VALUE

At 30 June 2014

-

At 30 June 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

337,633

Additions

909

At 30 June 2014

338,542

DEPRECIATION

At 1 July 2013

6,478

Charge for year

770

At 30 June 2014

7,248

NET BOOK VALUE

At 30 June 2014

331,294

At 30 June 2013

331,155

4.

CREDITORS

Creditors include an amount of £ 204,518 (2013 - £ 213,465 ) for which security has been given.

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

2014

2013

£

£

Repayable by instalments

159,774

169,574

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end and included within other creditors is an amount due to the director, Mr S P Bennett, amounting

to £2,500 (2013 - £2,500).

This loan is interest free and repayable on demand.

At the year end and included within creditors greater than one year is an amount due to the director, Mr S P

Bennett, amounting to £128,851 (2013- £115,758)

The director agrees that these monies will not be withdrawn until the company is in a position to repay them.