Abbreviated Company Accounts - VISAGE BEAUTY LIMITED
Abbreviated Company Accounts - VISAGE BEAUTY LIMITED
Registered Number 05036780
VISAGE BEAUTY LIMITED
Abbreviated Accounts
30 April 2014
VISAGE BEAUTY LIMITED Registered Number 05036780
Abbreviated Balance Sheet as at 30 April 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Share premium account |
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Revaluation reserve |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 30 April 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
And signed on their behalf by:
VISAGE BEAUTY LIMITED Registered Number 05036780
Notes to the Abbreviated Accounts for the period ended 30 April 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fixtures and fittings - 15% Straight line
Intangible assets amortisation policy
Amortisation is provided at the following rates:
Goodwill - 10% Straight line
Other accounting policies
Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
£ | |
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Cost | |
At 1 May 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2014 |
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Amortisation | |
At 1 May 2013 |
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Charge for the year |
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On disposals |
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At 30 April 2014 |
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Net book values | |
At 30 April 2014 | 0 |
At 30 April 2013 | 11,500 |
£ | |
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Cost | |
At 1 May 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2014 |
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Depreciation | |
At 1 May 2013 |
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Charge for the year |
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On disposals |
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At 30 April 2014 |
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Net book values | |
At 30 April 2014 | 6,175 |
At 30 April 2013 | 10,024 |
5Transactions with directors
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 May 2013: | ||
Advances or credits made: | £ |
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Advances or credits repaid: | £ |
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Balance at 30 April 2014: | £ |