Company Registration No. 04126606 (England and Wales)
DMB SPECIALISED BEAUTY LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
FY
DMB SPECIALISED BEAUTY LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DMB SPECIALISED BEAUTY LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
273,604
275,347
Current assets
Stocks
4,880
454,892
Debtors
4,458
2,866
Cash at bank and in hand
665,815
42,916
675,153
500,674
Creditors: amounts falling due within one year
(176,691)
(206,110)
Net current assets
498,462
294,564
Total assets less current liabilities
772,066
569,911
Provisions for liabilities
(1,533)
(1,287)
770,533
568,624
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
770,433
568,524
Shareholders' funds
770,533
568,624
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 August 2016
D M Berridge
Director
Company Registration No. 04126606
DMB SPECIALISED BEAUTY LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Nil
Fixtures, fittings & equipment
20 - 25% reducing balance basis
Motor vehicles
25% per annum of cost
1.5
Stock and work in progress
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
337,674
Depreciation
At 1 April 2015
62,326
Charge for the year
1,744
At 31 March 2016
64,070
Net book value
At 31 March 2016
273,604
At 31 March 2015
275,347
DMB SPECIALISED BEAUTY LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100