SUBMITTED
Director: |
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Company secretary: |
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Registered office: |
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Company Registration Number: |
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Notes | 2015 £ |
2014 £ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 6 |
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Net current assets (liabilities): | ( |
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Total assets less current liabilities: | ( |
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Creditors: amounts falling due after more than one year: | 7 |
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Total net assets (liabilities): | ( |
( |
The notes form part of these financial statements
Notes | 2015 £ |
2014 £ |
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Capital and reserves | |||
Called up share capital: | 8 |
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Profit and Loss account: | ( |
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Total shareholders funds: | ( |
( |
The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: SIMON COX
Status: Director
The notes form part of these financial statements
Basis of measurement and preparation of accounts
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
Stocks: Stocks are valued at lower of cost and net realisable value, after making due allowance for obsolete and slow moving items
Total | |
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Cost | £ |
At 01st April 2014: |
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At 31st March 2015: |
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Depreciation | |
At 01st April 2014: |
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Charge for year: |
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At 31st March 2015: |
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Net book value | |
At 31st March 2015: |
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At 31st March 2014: |
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2015 £ |
2014 £ |
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Other debtors: |
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Total: |
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2015 £ |
2014 £ |
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Bank loans and overdrafts: |
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Trade creditors: |
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Taxation and social security: |
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Accruals and deferred income: |
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Total: |
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2015 £ |
2014 £ |
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Other creditors: |
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Total: |
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Name of the ultimate controlling party during the period: |
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Name of related party: |
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Relationship: |
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Mr Simon Cox, the sole director of St Albans Hairdesigners Ltd, has controlling interest in the company by virtue of owning the entire share capital of the company. Mr Simon Cox has provided personal guarantees is respect of the company' borrowings. The company made a net profit after taxation of £5,522 for the year ended 31 March 2015 and as at that date, the company's liabilities exceeded its total assets by £38,372. The director is confident that the company will continually trade out of its current insolvent position. This assessment depends upon an improvement in the current economic climate.