Sibs Salon Limited |
Registered number: |
06007029
|
Abbreviated Balance Sheet |
as at 31 March 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
- |
|
|
403 |
|
Current assets |
Stocks |
|
|
- |
|
|
950 |
Debtors |
|
|
1,814 |
|
|
- |
Cash at bank and in hand |
|
|
348 |
|
|
1,663 |
|
|
|
2,162 |
|
|
2,613 |
|
Creditors: amounts falling due within one year |
|
|
(346) |
|
|
(2,963) |
|
Net current assets/(liabilities) |
|
|
|
1,816 |
|
|
(350) |
|
Net assets |
|
|
|
£1,816 |
|
|
£53 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
1,814 |
|
|
51 |
|
Shareholder's funds |
|
|
|
£1,816 |
|
|
£53 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges her 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.
|
|
|
|
Mrs Sibel Aygin |
Director |
Approved by the board on 16 September 2016
|
|
Sibs Salon Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 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 April 2008).
|
|
|
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 |
20% straight line
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
15,880 |
|
Disposals |
(15,880) |
|
At 31 March 2016 |
- |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
15,477 |
|
Charge for the year |
403 |
|
On disposals |
(15,880) |
|
At 31 March 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
- |
|
At 31 March 2015 |
403 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|