Abbreviated Company Accounts - JAC HAIRDRESSING LIMITED

Abbreviated Company Accounts - JAC HAIRDRESSING LIMITED

JAC HAIRDRESSING LIMITED - Company Information

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Registered Number 03874050

JAC HAIRDRESSING LIMITED

Abbreviated Accounts

30 November 2016

JAC HAIRDRESSING LIMITED Registered Number 03874050

Abbreviated Balance Sheet as at 30 November 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 - -
Tangible assets 3 247 329
247 329
Current assets
Stocks 333 360
Cash at bank and in hand 21,696 20,139
22,029 20,499
Creditors: amounts falling due within one year (10,661) (11,530)
Net current assets (liabilities) 11,368 8,969
Total assets less current liabilities 11,615 9,298
Total net assets (liabilities) 11,615 9,298
Capital and reserves
Called up share capital 2 2
Profit and loss account 11,613 9,296
Shareholders' funds 11,615 9,298
  • 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 18 August 2017

And signed on their behalf by:
Mrs J A Chaston, Director

JAC HAIRDRESSING LIMITED Registered Number 03874050

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 January 2015.

Turnover policy
The turnover in the profit and loss account represent amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less it's estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings 25% Reducing Balance

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 items.

2Intangible fixed assets
£
Cost
At 1 December 2015 5,500
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2016 5,500
Amortisation
At 1 December 2015 5,500
Charge for the year -
On disposals -
At 30 November 2016 5,500
Net book values
At 30 November 2016 0
At 30 November 2015 0
3Tangible fixed assets
£
Cost
At 1 December 2015 9,748
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2016 9,748
Depreciation
At 1 December 2015 9,419
Charge for the year 82
On disposals -
At 30 November 2016 9,501
Net book values
At 30 November 2016 247
At 30 November 2015 329