Toni & Guy (Newmarket) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05410765 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Toni & Guy (Newmarket) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S M Clarke

D Clarke

S J Marwood

REGISTERED OFFICE:

Berkeley House

Amery Street

Alton

Hampshire

GU34 1HN

REGISTERED NUMBER:

05410765 (England and Wales)

ACCOUNTANTS:

Styles & Associates Limited

Berkeley House

Amery Street

Alton

Hampshire

GU34 1HN

FIXED ASSETS

Intangible assets

2

2,007

3,872

Tangible assets

3

994

1,469

3,001

5,341

CURRENT ASSETS

Stocks

3,417

3,304

Debtors

21,759

21,072

Cash at bank and in hand

18,477

24,096

43,653

48,472

CREDITORS

Amounts falling due within one year

4

126,674

119,220

NET CURRENT LIABILITIES

(83,021

)

(70,748

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,020

)

(65,407

)

CREDITORS

Amounts falling due after more than one
year

4

-

4,656

NET LIABILITIES

(80,020

)

(70,063

)

CAPITAL AND RESERVES

Called up share capital

5

60,000

Profit and loss account

(140,020

)

(130,063

)

SHAREHOLDERS' FUNDS

(80,020

)

(70,063

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 Board of Directors on 26 May 2017 and were signed on its behalf by:

S J Marwood - 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 and services, excluding value added tax.

Franchise costs

Franchise costs are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost

in equal annual instalments over the franchise period.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% 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.

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.

Going concern

The company meets its day to day working capital requirements through Director cash injections, a bank loan

and Mascolo Limited, the franchisor and shareholder, who provide ongoing support for the company in the form

of extended supplier credits.

The directors consider that it is appropriate to prepare the financial statements on a going concern basis as they

expect the company to be able to continue to trade within the facilities made available.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

9,324

AMORTISATION

At 1 September 2015

5,452

Amortisation for year

1,865

At 31 August 2016

7,317

NET BOOK VALUE

At 31 August 2016

2,007

At 31 August 2015

3,872

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

135,351

DEPRECIATION

At 1 September 2015

133,882

Charge for year

475

At 31 August 2016

134,357

NET BOOK VALUE

At 31 August 2016

994

At 31 August 2015

1,469

4.

CREDITORS

Creditors include an amount of £ 4,536 (31.8.15 - £ 8,821 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

15,600

Ordinary 'A'

£1

15,600

44,400

Ordinary 'B'

£1

44,400

60,000