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Company Registration No. 07604980 (England and Wales)
HAIR DISCOVERY LIMITED Unaudited accounts for the year ended 30 April 2018
HAIR DISCOVERY LIMITED Unaudited accounts Contents
Page
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HAIR DISCOVERY LIMITED Company Information for the year ended 30 April 2018
Director
Kevin HILL
Company Number
07604980 (England and Wales)
Registered Office
267 EAST BARNET ROAD BARNET LONDON EN4 8SX
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HAIR DISCOVERY LIMITED Statement of financial position as at 30 April 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
858 
541 
Current assets
Cash at bank and in hand
3,352 
3,753 
Creditors: amounts falling due within one year
(390,714)
(218,795)
Net current liabilities
(387,362)
(215,042)
Total assets less current liabilities
(386,504)
(214,501)
Creditors: amounts falling due after more than one year
- 
(118,547)
Net liabilities
(386,504)
(333,048)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(386,506)
(333,050)
Shareholders' funds
(386,504)
(333,048)
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 1 November 2018.
Kevin HILL Director Company Registration No. 07604980
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HAIR DISCOVERY LIMITED Notes to the Accounts for the year ended 30 April 2018
1
Statutory information
HAIR DISCOVERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07604980. The registered office is 267 EAST BARNET ROAD, BARNET, LONDON, EN4 8SX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2017
1,083 
14,090 
15,173 
Additions
633 
- 
633 
At 30 April 2018
1,716 
14,090 
15,806 
Depreciation
At 1 May 2017
542 
14,090 
14,632 
Charge for the year
316 
- 
316 
At 30 April 2018
858 
14,090 
14,948 
Net book value
At 30 April 2018
858 
- 
858 
At 30 April 2017
541 
- 
541 
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HAIR DISCOVERY LIMITED Notes to the Accounts for the year ended 30 April 2018
5
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Bank loans and overdrafts
17,297 
- 
Taxes and social security
4,637 
1,194 
Other creditors
140,418 
104,874 
Loans from directors
228,362 
110,415 
Accruals
- 
2,312 
390,714 
218,795 
6
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Bank loans
- 
17,205 
Other creditors
- 
101,342 
- 
118,547 
7
Share capital
2018 
2017 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 0 (2017: 2).
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