Registered number
08510573
Cosmetic Courses Limited
Abbreviated Accounts
31 December 2014
Chapman Robinson & Moore Limited
Registered Accountant and Auditors
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE
Cosmetic Courses Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Cosmetic Courses Limited for the period ended 31 December 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Cosmetic Courses Limited for the period ended 31 December 2014 which comprise of 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 in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Chapman, Robinson & Moore Limited
Accountants
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE
29 May 2015
Cosmetic Courses Limited
Registered number: 08510573
Abbreviated Balance Sheet
as at 31 December 2014
Notes 31/12/14 30/6/14
£ £
Fixed assets
Intangible assets 2 333,000 342,000
Tangible assets 3 44,998 27,536
377,998 369,536
Current assets
Debtors 10,773 23,307
Cash at bank and in hand 7,940 22,663
18,713 45,970
Creditors: amounts falling due within one year (357,680) (411,806)
Net current liabilities (338,967) (365,836)
Total assets less current liabilities 39,031 3,700
Creditors: amounts falling due after more than one year (10,111) -
Net assets 28,920 3,700
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 28,820 3,600
Shareholders' funds 28,920 3,700
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
A. Richards
Director
Approved by the board on 29 May 2015
Cosmetic Courses Limited
Notes to the Abbreviated Accounts
for the period ended 31 December 2014
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Office equipment 25% reducing balance
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Intangible fixed assets £
Cost
At 1 July 2014 360,000
At 31 December 2014 360,000
Amortisation
At 1 July 2014 18,000
Provided during the period 9,000
At 31 December 2014 27,000
Net book value
At 31 December 2014 333,000
At 30 June 2014 342,000
3 Tangible fixed assets £
Cost
At 1 July 2014 36,886
Additions 32,462
At 31 December 2014 69,348
Depreciation
At 1 July 2014 9,350
Charge for the period 15,000
At 31 December 2014 24,350
Net book value
At 31 December 2014 44,998
At 30 June 2014 27,536
4 Share capital Nominal 31/12/14 31/12/14 30/6/14
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Adrian Richards
Loan from director 307,994 (73,583) - 234,411
307,994 (73,583) - 234,411
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