REGISTERED NUMBER: |
Below The Belt Grooming Limited |
Unaudited Financial Statements for the Year Ended 31st March 2018 |
REGISTERED NUMBER: |
Below The Belt Grooming Limited |
Unaudited Financial Statements for the Year Ended 31st March 2018 |
Below The Belt Grooming Limited (Registered number: 08642602) |
Contents of the Financial Statements |
for the year ended 31st March 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Below The Belt Grooming Limited |
Company Information |
for the year ended 31st March 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Regent's Court |
Princess Street |
Hull |
East Yorkshire |
HU2 8BA |
Below The Belt Grooming Limited (Registered number: 08642602) |
Balance Sheet |
31st March 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 3 |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Below The Belt Grooming Limited (Registered number: 08642602) |
Balance Sheet - continued |
31st March 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on on its behalf by: |
Below The Belt Grooming Limited (Registered number: 08642602) |
Notes to the Financial Statements |
for the year ended 31st March 2018 |
1. | STATUTORY INFORMATION |
Below The Belt Grooming Limited is a |
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
at cost less any accumulated amortisation and any accumulated impairment losses. |
Intangible fixed assets |
Amortisation is provided at the following rate in order to write off each asset over its estimated useful |
life: |
Intellectual Property and Trademarks - 10% |
Tangible fixed assets |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation |
and accumulated impairment losses. Cost included costs directly attributable to making the asset |
capable of operating as intended. |
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less |
estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
Fixtures and fittings- 33% |
Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. |
COsts includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to |
its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is |
made for damaged, obsolete and slow moving stock where appropriate. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
Below The Belt Grooming Limited (Registered number: 08642602) |
Notes to the Financial Statements - continued |
for the year ended 31st March 2018 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Going concern |
The financial statements have been prepared on a going concern basis which assumes that the |
company will continue in operational existence for the foreseeable future.The validity of this |
assumption is dependent upon the continued support of the company's shareholders.The shareholders |
have indicated their willingness to continue to support the company for at least a period of a year from |
the date of this report. The directors have therefore concluded that it is appropriate for the financial |
statements to be prepared on a going concern basis. |
3. | INTANGIBLE FIXED ASSETS |
Patents |
and |
licences |
£ |
COST |
At 1st April 2017 |
and 31st March 2018 |
AMORTISATION |
At 1st April 2017 |
Amortisation for year |
At 31st March 2018 |
NET BOOK VALUE |
At 31st March 2018 |
At 31st March 2017 |
Below The Belt Grooming Limited (Registered number: 08642602) |
Notes to the Financial Statements - continued |
for the year ended 31st March 2018 |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1st April 2017 |
and 31st March 2018 |
DEPRECIATION |
At 1st April 2017 |
and 31st March 2018 |
NET BOOK VALUE |
At 31st March 2018 |
At 31st March 2017 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary shares | .001 | 3 | 3 |