Forsyths Hair Ltd. - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC317353 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Forsyths Hair Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S Forsyth

SECRETARY:

Miss N Fraser

REGISTERED OFFICE:

11 Panbride Road

Carnoustie

Angus

DD7 6HS

REGISTERED NUMBER:

SC317353 (Scotland)

ACCOUNTANTS:

James Fraser & Co. Ltd.

Chartered Accountants

Barry Business Centre

Main Street

Barry

Angus

DD7 7RP

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

511

639

511

639

CURRENT ASSETS

Stocks

200

700

Debtors

9,291

13,235

Cash at bank and in hand

50

2,389

9,541

16,324

CREDITORS

Amounts falling due within one year

9,465

13,609

NET CURRENT ASSETS

76

2,715

TOTAL ASSETS LESS CURRENT LIABILITIES

587

3,354

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

586

3,353

SHAREHOLDERS' FUNDS

587

3,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 December 2014 and were signed by:

S Forsyth - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

20,000

AMORTISATION

At 1 April 2013

and 31 March 2014

20,000

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

2,825

Disposals

(843

)

At 31 March 2014

1,982

DEPRECIATION

At 1 April 2013

2,186

Charge for year

128

Eliminated on disposal

(843

)

At 31 March 2014

1,471

NET BOOK VALUE

At 31 March 2014

511

At 31 March 2013

639

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1

Ordinary

1

1

1