Registered number:
UNAUDITED
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2018
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JOHN ALAN (HAIRDRESSING) LIMITED
COMPANY INFORMATION
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JOHN ALAN (HAIRDRESSING) LIMITED
CONTENTS
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JOHN ALAN (HAIRDRESSING) LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JOHN ALAN (HAIRDRESSING) LIMITED
FOR THE YEAR ENDED 30 JUNE 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Alan (Hairdressing) Limited for the year ended 30 June 2018 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at
http://www.icas.com/technical-resources/framework-for-the-preparation-of-accounts-revised-january-2017
.
This report is made solely to the director of John Alan (Hairdressing) Limited in accordance with the terms of our engagement letter dated
19 November 2018. Our work has been undertaken solely
to prepare for your approval the financial statements of John Alan (Hairdressing) Limited and state those matters that we have agreed to state to the director of John Alan (Hairdressing) Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/technical-resources/framework-for-the-preparation-of-accounts-revised-january-2017. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Alan (Hairdressing) Limited and its director for our work or for this report.
It is your duty to ensure that John Alan (Hairdressing) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of John Alan (Hairdressing) Limited. You consider that John Alan (Hairdressing) Limited is exempt from the statutory audit requirement for the year.
Chartered Accountants
11 Dudhope Terrace
DD3 6TS
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JOHN ALAN (HAIRDRESSING) LIMITED
REGISTERED NUMBER:
SC049953
BALANCE SHEET
AS AT
30 JUNE 2018
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JOHN ALAN (HAIRDRESSING) LIMITED
REGISTERED NUMBER:
SC049953
BALANCE SHEET
(CONTINUED)
AS AT
30 JUNE 2018
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 4 to 8 form part of these financial statements.
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JOHN ALAN (HAIRDRESSING) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018
John Alan (Hiardressing) Limited is a private company limited by shares, incorporated in Scotland within the United Kingdom (company number SC049953). The address of the registered office is given in the company information page of these financial statements.
2.
Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.
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JOHN ALAN (HAIRDRESSING) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018
2.
Accounting policies (continued)
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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JOHN ALAN (HAIRDRESSING) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018
2.
Accounting policies (continued)
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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JOHN ALAN (HAIRDRESSING) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018
The 2018 valuations were made by [Enter surveyor name here...], on an open market value for existing use basis.
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JOHN ALAN (HAIRDRESSING) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018
Investment property revaluation reserve
This includes £179,687 from the revaluation of the Investment Property which is considered to be an undistributable reserve.
Profit and loss account
IThis is a distributable reserve and includes all current and prior period retained profit and losses.
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