Micro-entity Accounts - KG AND HJ BAILEY HAIR LIMITED

KG AND HJ BAILEY HAIR LIMITED - Company Information

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Registered Number 06568210

KG AND HJ BAILEY HAIR LIMITED

Micro-entity Accounts

30 June 2017

KG AND HJ BAILEY HAIR LIMITED Registered Number 06568210

Micro-entity Balance Sheet as at 30 June 2017

	Notes	2017	2016
		£	£
Fixed assets
Intangible assets	1	1,800	3,600
Tangible assets	2	137	183
		1,937	3,783
Current assets
Stocks		1,250	1,250
Cash at bank and in hand		1,505	-
		2,755	1,250
Creditors: amounts falling due within one year		(3,974)	(4,323)
Net current assets (liabilities)		(1,219)	(3,073)
Total assets less current liabilities		718	710
Accruals and deferred income		(636)	(664)
Total net assets (liabilities)		82	46
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		80	44
Shareholders' funds		82	46

For the year ending 30 June 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 January 2018

And signed on their behalf by:
K G Bailey, Director

KG AND HJ BAILEY HAIR LIMITED Registered Number 06568210

Notes to the Micro-entity Accounts for the period ended 30 June 2017

1Intangible fixed assets

	£
Cost
At 1 July 2016	18,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2017	18,000
Amortisation
At 1 July 2016	14,400
Charge for the year	1,800
On disposals	-
At 30 June 2017	16,200
Net book values
At 30 June 2017	1,800
At 30 June 2016	3,600

2Tangible fixed assets

	£
Cost
At 1 July 2016	1,831
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2017	1,831
Depreciation
At 1 July 2016	1,648
Charge for the year	46
On disposals	-
At 30 June 2017	1,694
Net book values
At 30 June 2017	137
At 30 June 2016	183

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

	2017 £	2016 £
2 Ordinary shares of £1 each	2	2

4Accounting 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 represents gross sales . The company is not registered for value added taxation.

Tangible assets depreciation policy
Depreciation is provided at 25% on a reducing balance basis in order to write off each asset over its estimated useful life.

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of the business in 2008 is being amortised evenly over its estimated useful life of 10 years.