Waxworks Beauty Limited - Accounts to registrar - small 17.1.1
Waxworks Beauty Limited - Accounts to registrar - small 17.1.1
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 7 OCTOBER 2015 TO 31 JANUARY 2017 |
FOR |
WAXWORKS BEAUTY LIMITED |
WAXWORKS BEAUTY LIMITED (REGISTERED NUMBER: 09812949) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 7 OCTOBER 2015 TO 31 JANUARY 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
WAXWORKS BEAUTY LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 7 OCTOBER 2015 TO 31 JANUARY 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
WAXWORKS BEAUTY LIMITED (REGISTERED NUMBER: 09812949) |
BALANCE SHEET |
31 JANUARY 2017 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
WAXWORKS BEAUTY LIMITED (REGISTERED NUMBER: 09812949) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 7 OCTOBER 2015 TO 31 JANUARY 2017 |
1. | STATUTORY INFORMATION |
Waxworks Beauty Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Waxworks Beauty Limited as an individual company and do |
not contain consolidated financial information as the parent of a group. The company has taken the option under |
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay |
more, or a right to pay less or to receive more tax, with the following exceptions: |
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed |
assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the |
extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. |
However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more |
likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the |
replacement assets are sold. |
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that |
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be |
deducted. |
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in |
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance |
sheet date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual |
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any |
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Operating lease agreements |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with |
the lessor are charged against profits on a straight line basis over the period of the lease. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
WAXWORKS BEAUTY LIMITED (REGISTERED NUMBER: 09812949) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 7 OCTOBER 2015 TO 31 JANUARY 2017 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 31 January 2017 |
NET BOOK VALUE |
At 31 January 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
A Ordinary | £0.01 | 2 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 31 January 2017: |
£ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - |
Amounts waived | - |
Balance outstanding at end of period |
The loan was unsecured with interest charged at HMRC approved rates and will be repaid within nine months of |
the period end. |
10. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section |
1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within |
the group or where transactions have been undertaken under normal market conditions. |