John's Barbers Limited - Accounts to registrar

REGISTERED NUMBER: 04867138 (England and Wales)

Financial Statements

for the Period 1 April 2015 to 31 July 2016

for

John's Barbers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Bromley

S M P Tagell

REGISTERED OFFICE:

6 West Street

Congleton

Cheshire

CW12 1JR

REGISTERED NUMBER:

04867138 (England and Wales)

FIXED ASSETS

Intangible assets

2

18,900

20,250

Tangible assets

3

261

380

19,161

20,630

CURRENT ASSETS

Stocks

150

Debtors

4

144

294

CREDITORS

Amounts falling due within one year

5

17,896

11,497

NET CURRENT LIABILITIES

(17,602

)

(11,203

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,559

9,427

CAPITAL AND RESERVES

Called up share capital

7

2

Profit and loss account

8

1,557

9,425

SHAREHOLDERS' FUNDS

1,559

9,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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 financial statements have been prepared and delivered in accordance with the 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 March 2017 and were signed on its
behalf by:

K Bromley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

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 is stated net of VAT and trade discounts. Turnover from the supply of services represents

the value of services provided.

Goodwill

The goodwill value of £27,000 has been amortised over it's useful economic life of 20 years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% 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.

2.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2015

and 31 July 2016

27,000

AMORTISATION

At 1 April 2015

6,750

Charge for period

1,350

At 31 July 2016

8,100

NET BOOK VALUE

At 31 July 2016

18,900

At 31 March 2015

20,250

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 April 2015

and 31 July 2016

1,323

3,123

4,446

DEPRECIATION

At 1 April 2015

1,058

3,008

4,066

Charge for period

83

36

119

At 31 July 2016

1,141

3,044

4,185

NET BOOK VALUE

At 31 July 2016

182

79

261

At 31 March 2015

265

115

380

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Prepayments

144

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Bank loans and overdrafts

1,347

1,780

Tax

7,533

6,160

Social security and other taxes

514

2,025

Directors' current accounts

7,136

166

Accrued expenses

1,366

17,896

11,497

6.

LOANS

An analysis of the maturity of loans is given below:

2016

2015

£

Amounts falling due within one year or on demand:

Bank overdrafts

1,347

1,780

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

8.

RESERVES

Profit

and loss

account

£

At 1 April 2015

9,425

Profit for the period

12,132

Dividends

(20,000

)

At 31 July 2016

1,557

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 July 2016 and

the year ended 31 March 2015:

2016

2015

£

S M P Tagell and K Bromley

Balance outstanding at start of period

(167

)

(320

)

Amounts advanced

9,812

21,504

Amounts repaid

(16,781

)

(21,351

)

Balance outstanding at end of period

(7,136

)

(167

)

These advances were all interest free, unsecured and repayable on demand.

10.	RELATED PARTY DISCLOSURES

Loans to the directors

Included within other creditors is a balance owed to the directors of £7,136 (2015: £167).

11.	POST BALANCE SHEET EVENTS

After the year end but before the year end accounts were signed Mr S M P Tagell resigned as

director and secretary.

After the year end but before the year end accounts were signed Mr L J Jackson was appointed as

director.

12.	ULTIMATE CONTROLLING PARTY

For the year ending 31 July 2016, Mr K Bromley and Mr S M P Tagell, directors, controlled the

company by virtue of their controlling interest of 100% of the issued ordinary share capital.

After the reporting date but before the accounts were signed, Mr K Bromley and Mr L A J Jackson,

directors, controlled the company by virtue of their controlling interest of 100% of the issued

ordinary share capital.

John's Barbers Limited - Accounts to registrar - small 16.3

John's Barbers Limited - Accounts to registrar - small 16.3