Abbreviated Company Accounts - GENTLE BEAUTY CO LTD

GENTLE BEAUTY CO LTD - Company Information

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Registered Number 04323169

GENTLE BEAUTY CO LTD

Abbreviated Accounts

30 November 2016

GENTLE BEAUTY CO LTD Registered Number 04323169

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	779	-
		779	-
Current assets
Stocks		116,328	79,631
Debtors		98,119	88,137
Cash at bank and in hand		101,497	124,570
		315,944	292,338
Creditors: amounts falling due within one year		(104,970)	(100,884)
Net current assets (liabilities)		210,974	191,454
Total assets less current liabilities		211,753	191,454
Creditors: amounts falling due after more than one year		-	(29,166)
Total net assets (liabilities)		211,753	162,288
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		211,653	162,188
Shareholders' funds		211,753	162,288

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 July 2017

And signed on their behalf by:
PAUL WILLIAMS, Director

GENTLE BEAUTY CO LTD Registered Number 04323169

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates over their useful lives on the following bases:
Motor vehicles - straight line
Office equipment - straight line

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 December 2015	14,226
Additions	935
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	15,161
Depreciation
At 1 December 2015	14,226
Charge for the year	156
On disposals	-
At 30 November 2016	14,382
Net book values
At 30 November 2016	779
At 30 November 2015	0

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	PAUL WILLIAMS
Description of the transaction:	DIRECTOR LOAN ACCOUNT
Balance at 1 December 2015:	£ 26,975
Advances or credits made:	-
Advances or credits repaid:	£ 20,834
Balance at 30 November 2016:	£ 6,141

Name of director receiving advance or credit:	PAUL WILLIAMS
Description of the transaction:	GENTLE BODY CARE LTD
Balance at 1 December 2015:	£ 14,145
Advances or credits made:	-
Advances or credits repaid:	£ 2,842
Balance at 30 November 2016:	£ 11,303

During the year the company entered into a number of transactions with Gentle Bodycare Limited, a company controlled by the director, P Williams. These are summarised as follows:
Gentle Body Care Ltd - Sales £7,274
Gentle Body Care Ltd - Purchases £2,863