Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
ABC Beauty Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
ABC Beauty Limited
for the Year Ended 30 April 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ABC Beauty Limited for the year ended 30 April 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a member firm of the Institute of Financial Accountants , we are subject to its ethical and other professional requirements which are detailed at ifa.org.uk/members/members-in-practice .
This report is made solely to the Board of Directors of ABC Beauty Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of ABC Beauty Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ABC Beauty Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ABC Beauty Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ABC Beauty Limited. You consider that ABC Beauty Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ABC Beauty Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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McCallum & Co LLP
Accountants & Tax Advisors
Wymet House
87 New Row
Dunfermline
Fife
KY12 7DZ
14 December 2016
ABC Beauty Limited
(Registration number: SC300395)
Abbreviated Balance Sheet at 30 April 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr DM Bell
Director
2
ABC Beauty Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off its cost, less any estimated residual value, over their usefull economic life as follows
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful life as follows:
Asset class |
Depreciation method and rate |
Plant & Machinery |
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Fixtures & Fittings |
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Office Equipment |
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Motor Vehicles |
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Stock
Hire purchase and leasing
ABC Beauty Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 May 2015 |
70,000 |
31,122 |
101,122 |
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At 30 April 2016 |
70,000 |
31,122 |
101,122 |
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Depreciation |
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At 1 May 2015 |
70,000 |
14,961 |
84,961 |
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Charge for the year |
- |
4,033 |
4,033 |
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At 30 April 2016 |
70,000 |
18,994 |
88,994 |
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Net book value |
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At 30 April 2016 |
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At 30 April 2015 |
- |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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