Registered Number
:
05609570
|
For the year ended 31 March 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2019
Discover Hair Ltd
Contents Page
1 to 2
Statement of Financial Position
3 to 5
Notes to the Financial Statements
Discover Hair Ltd
Statement of Financial Position
2018
2019
5,000
6,000
2
Property
,
plant and equipment
|
2,925
3,440
3
7,925
9,440
3,461
4,369
4
Trade and other receivables
|
7,000
7,000
5
7,120
Cash and cash equivalents
|
6,210
17,579
17,581
Trade and other payables
:
amounts falling due within
|
one year
|
(24,947)
(19,912)
6
(7,366)
(2,333)
Net current liabilities
Total assets less current liabilities
|
5,592
2,074
Trade and other payables
:
amounts falling due after
|
more than one year
|
(3,500)
(3,500)
7
2,092
Net assets/liabilities
(1,426)
2
2
2,090
(1,428)
2,092
(1,426)
Shareholders' funds
For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
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For the year ended 31 March 2019
Discover Hair Ltd
Statement of Financial Position Continued
Mrs Donna Ann Cutbush Director
|
These financial statements were approved and authorised for issue by the Board on 18 June 2019 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2019
Discover Hair Ltd
Notes to the Financial Statements
Statutory Information
Discover Hair Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
05609570
.
|
10 White Hart Street
Thetford
Norfolk
IP24 1AD
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of
|
Financial Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic
|
of Ireland
'
and the Companies Act
2006
.
The financial statements have been prepared under the
|
historical costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of 10 years.
|
Property, plant and equipment
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:
|
Fixtures and fittings
Inventories
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.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
|
3 of 5
For the year ended 31 March 2019
Discover Hair Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
10,000
10,000
4,000
1,000
Charge for year
5,000
5,000
6,000
3
.
Property
,
plant and equipment
|
11,693
11,693
Provision for depreciation and impairment
|
8,253
Charge for year
515
8,768
2,925
3,440
2018
2019
4,369
3,461
4 of 5
For the year ended 31 March 2019
Discover Hair Ltd
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2018
2019
7,000
7,000
6
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
6,699
11,683
907
1,926
Taxation and social security
|
6,545
5,740
5,761
5,598
19,912
24,947
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2018
2019
3,500
3,500
5 of 5