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Couture Hairdressing Limited
08762228
2015-11-30
-701
487
-700
488
1
1
-700
488
-700
488
-1362
-395
21725
9741
20363
9346
19863
8696
500
650
662
883
662
883
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Going concern
The balance sheet indicates a net deficit of £700. As a result there are concerns over the future viability of the business. However, the accounts have been prepared on a going concern basis on the grounds that the director has continued offer her full support to the company since the year end.
Equipment
Reducing balance
0.2500
1178
1178
516
295
221
1178
1178
516
295
221
Ordinary
1
1
1
1
Ordinary
1
1
1
1
2016-06-17
Mrs L Stewart
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true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Couture Hairdressing Limited
2014-12-01
2015-11-30
Couture Hairdressing Limited
2013-12-01
2014-11-30
Couture Hairdressing Limited
2013-11-30
Couture Hairdressing Limited
2014-11-30
Couture Hairdressing Limited
2014-11-30
Couture Hairdressing Limited
2015-11-30
2016-06-29