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REGISTERED NUMBER: 06636532 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2021

for

Southend (T) Hairdressing Limited

Southend (T) Hairdressing Limited (Registered number: 06636532)






Contents of the Financial Statements
for the Year Ended 31 August 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Southend (T) Hairdressing Limited

Company Information
for the Year Ended 31 August 2021







DIRECTOR: T W M Clarke





REGISTERED OFFICE: Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN





REGISTERED NUMBER: 06636532 (England and Wales)





ACCOUNTANTS: Styles & Associates Limited
Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN

Southend (T) Hairdressing Limited (Registered number: 06636532)

Balance Sheet
31 August 2021

31.8.21 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,836 3,489
Tangible assets 5 16,456 19,259
29,292 22,748

CURRENT ASSETS
Stocks 4,008 3,450
Debtors 6 8,210 6,459
Cash at bank and in hand 146,077 83,023
158,295 92,932
CREDITORS
Amounts falling due within one year 7 73,254 57,919
NET CURRENT ASSETS 85,041 35,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,333

57,761

CREDITORS
Amounts falling due after more than one
year

8

37,500

47,500
NET ASSETS 76,833 10,261

CAPITAL AND RESERVES
Called up share capital 10 60,000 60,000
Retained earnings 16,833 (49,739 )
SHAREHOLDERS' FUNDS 76,833 10,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Southend (T) Hairdressing Limited (Registered number: 06636532)

Balance Sheet - continued
31 August 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 June 2022 and were signed by:





T W M Clarke - Director


Southend (T) Hairdressing Limited (Registered number: 06636532)

Notes to the Financial Statements
for the Year Ended 31 August 2021

1. STATUTORY INFORMATION

Southend (T) Hairdressing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

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.

Franchise Costs are being amortised evenly over their estimated useful life of five years.

Leasehold Cost are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost and 10% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Southend (T) Hairdressing Limited (Registered number: 06636532)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Franchise Leasehold
Goodwill Costs Cost Totals
£    £    £    £   
COST
At 1 September 2020 38,622 7,910 480 47,012
Additions - 10,300 974 11,274
At 31 August 2021 38,622 18,210 1,454 58,286
AMORTISATION
At 1 September 2020 38,622 4,597 304 43,523
Amortisation for year - 1,831 96 1,927
At 31 August 2021 38,622 6,428 400 45,450
NET BOOK VALUE
At 31 August 2021 - 11,782 1,054 12,836
At 31 August 2020 - 3,313 176 3,489

Southend (T) Hairdressing Limited (Registered number: 06636532)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2020
and 31 August 2021 87,698 472 88,170
DEPRECIATION
At 1 September 2020 68,439 472 68,911
Charge for year 2,803 - 2,803
At 31 August 2021 71,242 472 71,714
NET BOOK VALUE
At 31 August 2021 16,456 - 16,456
At 31 August 2020 19,259 - 19,259

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Trade debtors 210 840
Other debtors 8,000 5,619
8,210 6,459

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Bank loans and overdrafts 10,000 2,500
Trade creditors 7,636 10,501
Taxation and social security 28,540 13,874
Other creditors 27,078 31,044
73,254 57,919

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.21 31.8.20
£    £   
Bank loans 37,500 47,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 7,500

Southend (T) Hairdressing Limited (Registered number: 06636532)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.21 31.8.20
£    £   
Within one year 30,000 30,000
Between one and five years 120,000 39,300
In more than five years 114,300 -
264,300 69,300

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.21 31.8.20
value: £    £   
60,000 Ordinary £1 60,000 60,000

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the director £4,812 (2020: £4,812).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T W M Clarke.