High Street Barbers Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07494454 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

High Street Barbers Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr C S Roberts

Mr M Compton

REGISTERED OFFICE:

15 High Street

Calne

Wiltshire

SN11 0BS

REGISTERED NUMBER:

07494454 (England and Wales)

ACCOUNTANTS:

Cousins & Co Limited

Chartered Accountants

Broadcasting House

Newport Road

Middlesbrough

Cleveland

TS1 5JA

FIXED ASSETS

Tangible assets

2

2,078

1,569

CURRENT ASSETS

Stocks

75

75

Debtors

1,416

1,416

Cash at bank and in hand

47,922

38,497

49,413

39,988

CREDITORS

Amounts falling due within one year

14,618

15,994

NET CURRENT ASSETS

34,795

23,994

TOTAL ASSETS LESS CURRENT LIABILITIES

36,873

25,563

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

36,773

25,463

SHAREHOLDERS' FUNDS

36,873

25,563

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 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 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 Board of Directors on 18 December 2014 and were signed on its behalf by:

Mr C S Roberts - 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.

Tangible fixed assets

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

Fixtures and fittings

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

2,685

Additions

1,165

At 31 March 2014

3,850

DEPRECIATION

At 1 April 2013

1,116

Charge for year

656

At 31 March 2014

1,772

NET BOOK VALUE

At 31 March 2014

2,078

At 31 March 2013

1,569

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

1

100

100