Abbreviated Company Accounts - MAGUIRES BARBERSHOP LIMITED

Abbreviated Company Accounts - MAGUIRES BARBERSHOP LIMITED

MAGUIRES BARBERSHOP LIMITED - Company Information

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Registered Number 06924577

MAGUIRES BARBERSHOP LIMITED

Abbreviated Accounts

31 March 2014

MAGUIRES BARBERSHOP LIMITED Registered Number 06924577

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 1,320 -
Tangible assets 3 1,212 16,573
2,532 16,573
Current assets
Stocks 90,226 87,835
Debtors 3,668 69
Cash at bank and in hand 3,555 8,827
97,449 96,731
Creditors: amounts falling due within one year (199,724) (198,004)
Net current assets (liabilities) (102,275) (101,273)
Total assets less current liabilities (99,743) (84,700)
Total net assets (liabilities) (99,743) (84,700)
Capital and reserves
Called up share capital 2 2
Profit and loss account (99,745) (84,702)
Shareholders' funds (99,743) (84,700)
  • For the year ending 31 March 2014 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 22 December 2014

And signed on their behalf by:
J Johnson, Director

MAGUIRES BARBERSHOP LIMITED Registered Number 06924577

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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 April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write the assets over their estimated useful lives.
Plant and machinery 20% SL

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets
£
Cost
At 1 April 2013 -
Additions 1,650
Disposals -
Revaluations -
Transfers -
At 31 March 2014 1,650
Amortisation
At 1 April 2013 -
Charge for the year 330
On disposals -
At 31 March 2014 330
Net book values
At 31 March 2014 1,320
At 31 March 2013 -
3Tangible fixed assets
£
Cost
At 1 April 2013 39,819
Additions -
Disposals (37,264)
Revaluations -
Transfers -
At 31 March 2014 2,555
Depreciation
At 1 April 2013 23,246
Charge for the year 453
On disposals (22,356)
At 31 March 2014 1,343
Net book values
At 31 March 2014 1,212
At 31 March 2013 16,573