Company Registration No. 05402213 (England and Wales)
BEAUTY FIRST (DOSANJH) LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
BEAUTY FIRST (DOSANJH) LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BEAUTY FIRST (DOSANJH) LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
25,000
25,000
Tangible assets
2
16,927
21,749
41,927
46,749
Current assets
Stocks
24,300
23,100
Cash at bank and in hand
4,911
5,361
29,211
28,461
Creditors: amounts falling due within one year
(18,609)
(22,321)
Net current assets
10,602
6,140
Total assets less current liabilities
52,529
52,889
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
52,527
52,887
Shareholders' funds
52,529
52,889
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.
Directors' 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 directors acknowledge their 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 23 May 2016
Mr M S Dosanjh
Director
Company Registration No. 05402213
BEAUTY FIRST (DOSANJH) 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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Fixtures, fittings & equipment
25% Reducing Balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
25,000
83,413
108,413
Additions
-
824
824
At 31 March 2016
25,000
84,237
109,237
Depreciation
At 1 April 2015
-
61,664
61,664
Charge for the year
-
5,646
5,646
At 31 March 2016
-
67,310
67,310
Net book value
At 31 March 2016
25,000
16,927
41,927
At 31 March 2015
25,000
21,749
46,749
BEAUTY FIRST (DOSANJH) 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
2 Ordinary Shares of £1 each
2
2
4
Transactions with directors
The Directors were owed £10,000 by the company at the year end (2015: £12,021).