Your Hair & Beauty Ltd
|
Registered number: |
03778671
|
Abbreviated Balance Sheet |
as at 30 November 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
60,793 |
|
|
82,417 |
|
Current assets |
Stocks |
|
|
290,240 |
|
|
254,810 |
Debtors |
|
|
101,005 |
|
|
83,619 |
Cash at bank and in hand |
|
|
6,254 |
|
|
2,243 |
|
|
|
397,499 |
|
|
340,672 |
|
Creditors: amounts falling due within one year |
|
|
(453,017) |
|
|
(337,202) |
|
Net current (liabilities)/assets |
|
|
|
(55,518) |
|
|
3,470 |
|
Net assets |
|
|
|
5,275 |
|
|
85,887 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
24,100 |
|
|
24,100 |
Profit and loss account |
|
|
|
(18,825) |
|
|
61,787 |
|
Shareholders' funds |
|
|
|
5,275 |
|
|
85,887 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
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 provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Yasser Majid |
Director |
Approved by the board on 7 August 2017
|
|
Your Hair & Beauty Ltd
|
Notes to the Abbreviated Accounts |
for the year ended 30 November 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
15% Straight Line Method
|
|
Land and Building |
No Depreciation Provided
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2015 |
169,693 |
|
Additions |
4,210 |
|
At 30 November 2016 |
173,903 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2015 |
87,276 |
|
Charge for the year |
25,834 |
|
At 30 November 2016 |
113,110 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2016 |
60,793 |
|
At 30 November 2015 |
82,417 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
24,100 |
|
24,100 |
|
24,100 |
|
|
|
|
|
|
|
|
|