For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05609570
Discover Hair Ltd
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Discover Hair Ltd
Accountants' Report
For the year ended 31 March 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for
|
the year ended
31
March
2016
and you consider that the company is exempt from an audit under the
|
Companies Act
2006
.
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In accordance with your instructions
,
we have compiled these unaudited financial statements in order to
|
assist you to fulfil your statutory responsibilities
,
from the accounting records and information and
|
explanations supplied to us
.
|
Simark & Co
Belmont House
20 King Street
Thetford
Norfolk
IP24 2AP
29 July 2016
1 of 4
Notes to the Abbreviated Financial Statements
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Discover Hair Ltd
For the year ended 31 March 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease
|
term
.
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Proposed dividends are only included as liabilities in the financial statements when their payment has
|
been approved by the shareholders prior to the balance sheet date
.
|
Acquired goodwill is stated at cost less amortisation
.
Amortisation is calculated on a straight line basis
|
over the estimated expected useful economic life of the goodwill of
10
years
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Fixtures and Fittings
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
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Discover Hair Ltd
For the year ended 31 March 2016
2
Intangible fixed assets
|
10,000
10,000
1,000
1,000
Charge for year
2,000
8,000
9,000
9,986
9,986
6,931
455
Charge for year
7,386
2,600
3,055
Allotted called up and fully paid
|
2016
2015
2
Ordinary shares of £
1
.
00
each
|
2
2
2
2
4 of 4