Blu Hair and Beauty Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05202501 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2016

for

Blu Hair and Beauty Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss M Oliver

SECRETARY:

Mrs B Wilkins

REGISTERED OFFICE:

3 Park Square

Leeds

West Yorkshire

LS1 2NE

REGISTERED NUMBER:

05202501 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

29,370

44,591

29,370

44,591

CURRENT ASSETS

Stocks

3,250

5,225

Debtors

14,978

11,019

Cash at bank and in hand

502

101

18,730

16,345

CREDITORS

Amounts falling due within one year

4

33,133

38,371

NET CURRENT LIABILITIES

(14,403

)

(22,026

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,967

22,565

CREDITORS

Amounts falling due after more than one
year

4

(14,621

)

(21,616

)

PROVISIONS FOR LIABILITIES

-

(300

)

NET ASSETS

346

649

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

344

647

SHAREHOLDERS' FUNDS

346

649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 25 April 2017 and were signed by:

Miss M Oliver - 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 January 2015).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised

evenly over its estimated useful life of twenty years unless in the opinion of the directors a shorter period is

prudent.

Tangible fixed assets

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

Improvements to property

-

Straight line over 12 years

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

38,000

AMORTISATION

At 1 December 2015

and 30 November 2016

38,000

NET BOOK VALUE

At 30 November 2016

-

At 30 November 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

156,759

Additions

853

At 30 November 2016

157,612

DEPRECIATION

At 1 December 2015

112,168

Charge for year

16,074

At 30 November 2016

128,242

NET BOOK VALUE

At 30 November 2016

29,370

At 30 November 2015

44,591

4.

CREDITORS

The following secured debts are included within creditors:

30.11.16

30.11.15

£

Bank overdrafts

2,141

18,671

Bank loans

21,621

28,316

23,762

46,987

The bank loan is secured by way of a mortgage debenture over the company's assets.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

1

Ordinary

£1

1

B Ordinary

£1

1

2