Company Registration No. 07181394 (England and Wales)
LOVEURHAIR.CO.UK LTD
Unaudited accounts
for the year ended 31 March 2017
LOVEURHAIR.CO.UK LTD
Unaudited accounts
Contents
LOVEURHAIR.CO.UK LTD
Company Information
for the year ended 31 March 2017
Company Number
07181394 (England and Wales)
Registered Office
8B ELD LANE
COLCHESTER
ESSEX
CO1 1LS
LOVEURHAIR.CO.UK LTD
Statement of financial position
as at 31 March 2017
Intangible assets
30,000
30,000
Tangible assets
16,178
20,306
Cash at bank and in hand
958
521
Creditors: amounts falling due within one year
(14,756)
(7,376)
Net current liabilities
(11,898)
(5,055)
Total assets less current liabilities
34,280
45,251
Creditors: amounts falling due after more than one year
(15,710)
(41,269)
Called up share capital
100
100
Profit and loss account
18,470
3,882
Shareholders' funds
18,570
3,982
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 16 October 2017.
Faruk Ekin
Director
Company Registration No. 07181394
LOVEURHAIR.CO.UK LTD
Notes to the Accounts
for the year ended 31 March 2017
LOVEURHAIR.CO.UK LTD is a private company, limited by shares, registered in England and Wales, registration number 07181394. The registered office is 8B ELD LANE, COLCHESTER, ESSEX, CO1 1LS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Straight line Basis
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
LOVEURHAIR.CO.UK LTD
Notes to the Accounts
for the year ended 31 March 2017
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Finished goods
1,900
1,800
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
2,654
1,908
Taxes and social security
12,102
5,468
8
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
15,710
41,269
LOVEURHAIR.CO.UK LTD
Notes to the Accounts
for the year ended 31 March 2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 0 (2016: 0).
