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REGISTERED NUMBER: 11459152 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2021

for

Whitechapel Hairdressing Ltd

Whitechapel Hairdressing Ltd (Registered number: 11459152)






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


Whitechapel Hairdressing Ltd

Company Information
for the Year Ended 31 August 2021







DIRECTOR: H Simpson





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





REGISTERED NUMBER: 11459152 (England and Wales)





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

Whitechapel Hairdressing Ltd (Registered number: 11459152)

Balance Sheet
31 August 2021

31.8.21 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,243 36,150
Tangible assets 5 8,426 495
33,669 36,645

CURRENT ASSETS
Stocks 2,695 2,274
Debtors 6 15,553 6,676
Cash at bank and in hand 51,442 44,082
69,690 53,032
CREDITORS
Amounts falling due within one year 7 109,487 117,690
NET CURRENT LIABILITIES (39,797 ) (64,658 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,128

)

(28,013

)

CREDITORS
Amounts falling due after more than one
year

8

46,667

23,333
NET LIABILITIES (52,795 ) (51,346 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (52,895 ) (51,446 )
SHAREHOLDERS' FUNDS (52,795 ) (51,346 )

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 her 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.

Whitechapel Hairdressing Ltd (Registered number: 11459152)

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 9 August 2022 and were signed by:





H Simpson - Director


Whitechapel Hairdressing Ltd (Registered number: 11459152)

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

1. STATUTORY INFORMATION

Whitechapel Hairdressing Ltd 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 2018, 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.

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 reducing balance

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.


Whitechapel Hairdressing Ltd (Registered number: 11459152)

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.

Going concern
The company meets its day to day working capital requirements through extended supplier credit terms. The directors consider that it is appropriate to prepare the financial statements on a going concern basis as they expect the company to be able to continue to trade within the facilities made available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2020 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
Goodwill Costs Totals
£    £    £   
COST
At 1 September 2020 55,000 8,300 63,300
Additions - 850 850
Disposals - (4,800 ) (4,800 )
At 31 August 2021 55,000 4,350 59,350
AMORTISATION
At 1 September 2020 22,000 5,150 27,150
Amortisation for year 11,000 757 11,757
Eliminated on disposal - (4,800 ) (4,800 )
At 31 August 2021 33,000 1,107 34,107
NET BOOK VALUE
At 31 August 2021 22,000 3,243 25,243
At 31 August 2020 33,000 3,150 36,150

Whitechapel Hairdressing Ltd (Registered number: 11459152)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2020 700
Additions 8,650
At 31 August 2021 9,350
DEPRECIATION
At 1 September 2020 205
Charge for year 719
At 31 August 2021 924
NET BOOK VALUE
At 31 August 2021 8,426
At 31 August 2020 495

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Trade debtors 1,500 1,500
Amounts owed by associates - 268
Other debtors 14,053 4,908
15,553 6,676

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Bank loans and overdrafts 3,333 1,667
Trade creditors (1,293 ) 5,316
Amounts owed to associates - 10,786
Taxation and social security 26,341 27,096
Other creditors 81,106 72,825
109,487 117,690

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.21 31.8.20
£    £   
Bank loans 46,667 23,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,667 3,333

Whitechapel Hairdressing Ltd (Registered number: 11459152)

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 36,565 36,565
Between one and five years 83,980 117,980
120,545 154,545

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.21 31.8.20
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the director £11,800 (2020 £19,607).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H Simpson.