Aesthetic Lines Limited - Period Ending 2016-09-30

Registration number: 04207102

 

Aesthetic Lines Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Aesthetic Lines Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Aesthetic Lines Limited
balance sheet as at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					2,708			3,186
Current assets
Stocks					2,926			2,926
Debtors					16,041			15,537
Cash at bank and in hand					1,844			865
					20,811			19,328
Creditors: Amounts falling due within one year					(8,281)			(6,780)
Net current assets					12,530			12,548
Total assets less current liabilities					15,238			15,734
Creditors: Amounts falling due after more than one year					(14,137)			(15,013)
Provisions for liabilities					(542)			(637)
Total net assets					559			84
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					557			82
Shareholders' funds					559			84

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Aesthetic Lines Limited
balance sheet as at 30 September 2016
......... continued

For the year ending 30 September 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 director acknowledges her 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 director on 31 March 2017

.........................................
Mrs J P Wooltorton
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Aesthetic Lines Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Goodwill, being the amount paid in connection with the aquisition of a business in 2003.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, Fitting and equipment	20% reducing balance
Computer equipment	20% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have arisen but not reversed by the balance sheet date.

Page 3

Aesthetic Lines Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2015		42,000			27,335			69,335
At 30 September 2016		42,000			27,335			69,335
Depreciation
At 1 October 2015		42,000			24,149			66,149
Charge for the year		-			478			478
At 30 September 2016		42,000			24,627			66,627
Net book value
At 30 September 2016		-			2,708			2,708
At 30 September 2015		-			3,186			3,186

3	Share capital

Allotted, called up and fully paid shares

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

Page 4