The Cheshire Set Nail Lounge Ltd - Accounts to registrar

REGISTERED NUMBER: 06359454

Unaudited Financial Statements for the Year Ended 31 December 2016

for

The Cheshire Set Nail Lounge Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

Miss C G Sumbland

Mrs C L Hesketh

SECRETARY:

Miss C G Sumbland

REGISTERED OFFICE:

20 Eagle Brow

Lymm

Cheshire

WA13 0LJ

REGISTERED NUMBER:

06359454

ACCOUNTANTS:

John A. Walker Accountancy Services

1a Davyhulme Circle

Urmston

Manchester

Greater Manchester

M41 0ST

FIXED ASSETS

Tangible assets

3

10,176

CURRENT ASSETS

Debtors

4

17,275

Cash at bank and in hand

1,703

18,978

CREDITORS

Amounts falling due within one year

5

16,622

NET CURRENT ASSETS

2,356

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,532

CREDITORS

Amounts falling due after more than
one year

6

(10,479

)

PROVISIONS FOR LIABILITIES

(1,434

)

NET ASSETS

619

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

617

SHAREHOLDERS' FUNDS

619

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 4 July 2017 and were signed
on its behalf by:

Mrs C L Hesketh - Director

1.	STATUTORY INFORMATION

The Cheshire Set Nail Lounge Ltd is a private company, limited by shares , registered in Not

specified/Other. The company's registered number and registered office address can be found

on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax

is measured using tax rates and laws that have been enacted or substantively enacted by the

year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

38,831

DEPRECIATION

At 1 January 2016

27,188

Charge for year

1,467

At 31 December 2016

28,655

NET BOOK VALUE

At 31 December 2016

10,176

At 31 December 2015

11,643

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

£

Trade debtors

4,000

Other debtors

13,275

17,275

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

£

Bank loans and overdrafts

2,531

Trade creditors

3,096

Taxation and social security

10,752

Other creditors

243

16,622

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

£

Bank loans

10,479

The following reproduces the text of the report prepared for the directors and members in

respect of the company's annual unaudited financial statements. In accordance with the

Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Income Statement and certain other primary statements and the Report of

the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.