John's Hair Design Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08096038 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

JOHN'S HAIR DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Bull

Mrs K Bull

REGISTERED OFFICE:

104 Abbey Street

Nuneaton

Warwickshire

CV11 5BX

REGISTERED NUMBER:

08096038 (England and Wales)

ACCOUNTANTS:

Stewart Fletcher and Barrett

Chartered Accountants

Manor Court Chambers

Townsend Drive

Nuneaton

Warwickshire

CV11 6RU

FIXED ASSETS

Intangible assets

4

69,152

82,118

Tangible assets

5

19,299

22,913

88,451

105,031

CURRENT ASSETS

Stocks

12,750

12,780

Debtors

6

11,659

8,575

Cash at bank and in hand

109,253

104,835

133,662

126,190

CREDITORS

Amounts falling due within one year

7

114,582

97,948

NET CURRENT ASSETS

19,080

28,242

TOTAL ASSETS LESS CURRENT LIABILITIES

107,531

133,273

CREDITORS

Amounts falling due after more than one year

8

(41,570

)

(52,379

)

PROVISIONS FOR LIABILITIES

(1,618

)

(2,042

)

NET ASSETS

64,343

78,852

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

64,243

78,752

SHAREHOLDERS' FUNDS

64,343

78,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 14 July 2017 and were signed on its behalf by:

C Bull - Director

1.	STATUTORY INFORMATION

John's Hair Design Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

129,660

AMORTISATION

At 1 April 2016

47,542

Charge for year

12,966

At 31 March 2017

60,508

NET BOOK VALUE

At 31 March 2017

69,152

At 31 March 2016

82,118

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2016

30,738

3,123

13,150

47,011

Additions

-

1,783

-

1,783

At 31 March 2017

30,738

4,906

13,150

48,794

DEPRECIATION

At 1 April 2016

15,177

2,135

6,786

24,098

Charge for year

3,112

693

1,592

5,397

At 31 March 2017

18,289

2,828

8,378

29,495

NET BOOK VALUE

At 31 March 2017

12,449

2,078

4,772

19,299

At 31 March 2016

15,561

988

6,364

22,913

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

7,745

4,714

Other debtors

3,914

3,861

11,659

8,575

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

9,364

1,806

Taxation and social security

50,482

41,770

Other creditors

54,736

54,372

114,582

97,948

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

41,570

52,379

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £62,745 were paid to the directors .

Included in other creditors due within one year is an amount of £50,000 (2016 £50,000) due to Mr C Bull and

Mrs K Bull.

Included in other creditors due after one year is an amount of £41,570 (2016 £52,378) due to Mr C Bull and

Mrs K Bull.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors Mr & Mrs C Bull, who own 100% of the company's issued

share capital.