Registered Number 06894798

PARADISE BEAUTY LIMITED

Abbreviated Accounts

31 May 2015

PARADISE BEAUTY LIMITED Registered Number 06894798

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 6,573 8,216
6,573 8,216
Current assets
Stocks 955 950
Cash at bank and in hand 391 3,614
1,346 4,564
Creditors: amounts falling due within one year (7,889) (11,616)
Net current assets (liabilities) (6,543) (7,052)
Total assets less current liabilities 30 1,164
Total net assets (liabilities) 30 1,164
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 29 1,163
Shareholders' funds 30 1,164
  • For the year ending 31 May 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 May 2016

And signed on their behalf by:
Zehra Hassan, Director

PARADISE BEAUTY LIMITED Registered Number 06894798

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 20% reducing balance

2 Tangible fixed assets
£
Cost
At 1 June 2014 18,493
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2015 18,493
Depreciation
At 1 June 2014 10,277
Charge for the year 1,643
On disposals -
At 31 May 2015 11,920
Net book values
At 31 May 2015 6,573
At 31 May 2014 8,216
3 Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1 Ordinary shares of £1 each 1 1

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