The Big Chopper Hair Co. Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04390948 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

The Big Chopper Hair Co. Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Hunt

SECRETARY:

Mrs E Hunt

REGISTERED OFFICE:

26 Station Road

Port Talbot

West Glamorgan

SA13 1JB

REGISTERED NUMBER:

04390948 (England and Wales)

ACCOUNTANTS:

Spot-On Accountancy Limited

106 Tanygroes Street

Port Talbot

SA13 1EE

FIXED ASSETS

Intangible assets

2

12,000

Tangible assets

3

1,660

1,731

13,660

13,731

CURRENT ASSETS

Stocks

100

150

Debtors

5,675

4,852

Cash at bank and in hand

100

700

5,875

5,702

CREDITORS

Amounts falling due within one year

9,418

5,723

NET CURRENT LIABILITIES

(3,543

)

(21

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,117

13,710

CAPITAL AND RESERVES

Called up share capital

4

10,000

Profit and loss account

117

3,710

SHAREHOLDERS' FUNDS

10,117

13,710

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 22 May 2017 and were signed by:

C Hunt - 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 the total invoice value, excluding value added tax, of sales made during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

-

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

Total

£

COST

At 1 June 2015

and 31 May 2016

12,000

NET BOOK VALUE

At 31 May 2016

12,000

At 31 May 2015

12,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

9,230

Additions

409

At 31 May 2016

9,639

DEPRECIATION

At 1 June 2015

7,499

Charge for year

480

At 31 May 2016

7,979

NET BOOK VALUE

At 31 May 2016

1,660

At 31 May 2015

1,731

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

10,000

Ordinary

£1.00

10,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2016 and

31 May 2015:

31.5.16

31.5.15

£

C Hunt

Balance outstanding at start of year

(230

)

(236

)

Amounts advanced

18,759

14,456

Amounts repaid

(18,765

)

(14,450

)

Balance outstanding at end of year

(236

)

(230

)

6.	ULTIMATE CONTROLLING PARTY

The controlling party is C Hunt.