Real Hair & Beauty Limited 08149678 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is that of the provision of chair rental and other associated hairdressing services. Digita Accounts Production Advanced 6.29.9459.0 true true 08149678 2021-04-01 2022-03-31 08149678 2022-03-31 08149678 bus:Director2 1 2022-03-31 08149678 bus:OrdinaryShareClass1 2022-03-31 08149678 bus:OrdinaryShareClass2 2022-03-31 08149678 bus:OrdinaryShareClass3 2022-03-31 08149678 core:RetainedEarningsAccumulatedLosses 2022-03-31 08149678 core:ShareCapital 2022-03-31 08149678 core:CurrentFinancialInstruments 2022-03-31 08149678 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 08149678 core:Non-currentFinancialInstruments 2022-03-31 08149678 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 08149678 bus:SmallEntities 2021-04-01 2022-03-31 08149678 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 08149678 bus:FullAccounts 2021-04-01 2022-03-31 08149678 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 08149678 bus:RegisteredOffice 2021-04-01 2022-03-31 08149678 bus:Director2 2021-04-01 2022-03-31 08149678 bus:Director2 1 2021-04-01 2022-03-31 08149678 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 08149678 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 08149678 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 08149678 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 08149678 bus:Agent1 2021-04-01 2022-03-31 08149678 1 2021-04-01 2022-03-31 08149678 countries:England 2021-04-01 2022-03-31 08149678 bus:Director2 1 2021-03-31 08149678 2020-04-01 2021-03-31 08149678 2021-03-31 08149678 bus:Director2 1 2021-03-31 08149678 bus:OrdinaryShareClass1 2021-03-31 08149678 bus:OrdinaryShareClass2 2021-03-31 08149678 bus:OrdinaryShareClass3 2021-03-31 08149678 core:RetainedEarningsAccumulatedLosses 2021-03-31 08149678 core:ShareCapital 2021-03-31 08149678 core:CurrentFinancialInstruments 2021-03-31 08149678 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 08149678 core:Non-currentFinancialInstruments 2021-03-31 08149678 core:Non-currentFinancialInstruments core:AfterOneYear 2021-03-31 08149678 bus:Director2 1 2020-04-01 2021-03-31 08149678 bus:Director2 1 2020-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08149678

Real Hair & Beauty Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

Real Hair & Beauty Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Real Hair & Beauty Limited

Company Information

Director

S L Wheldon

Registered office

5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG

Bankers

Barclays Bank plc
Derby
22-26 St Peters Street
Derby
DE1 1SH

Accountants

Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Real Hair & Beauty Limited
for the Year Ended 31 March 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Real Hair & Beauty Limited for the year ended 31 March 2022 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/
member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Real Hair & Beauty Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Real Hair & Beauty Limited and state those matters that we have agreed to state to the Board of Directors of Real Hair & Beauty Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Real Hair & Beauty Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Real Hair & Beauty Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Real Hair & Beauty Limited. You consider that Real Hair & Beauty Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Real Hair & Beauty Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

...........................................................

Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG

23 August 2022

 

Real Hair & Beauty Limited

(Registration number: 08149678)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Current assets

 

Stocks

4

1,000

1,000

Debtors

5

13,732

892

Cash at bank and in hand

 

41,747

72,166

 

56,479

74,058

Creditors: Amounts falling due within one year

6

(11,518)

(15,623)

Total assets less current liabilities

 

44,961

58,435

Creditors: Amounts falling due after more than one year

6

-

(25,000)

Net assets

 

44,961

33,435

Capital and reserves

 

Called up share capital

200

200

Profit and loss account

44,761

33,235

Total equity

 

44,961

33,435

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 11 August 2022
 

.........................................
S L Wheldon
Director

 

Real Hair & Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of the registered office is given in the company information on page 1 of the financial statements.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Real Hair & Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

4

Stocks

2022
£

2021
£

Other inventories

1,000

1,000

5

Debtors

2022
£

2021
£

Other debtors

13,732

892

13,732

892

 

Real Hair & Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

6

Creditors

Note

2022
£

2021
£

Due within one year

 

Trade creditors

 

5,256

-

Other creditors

 

6,262

15,623

 

11,518

15,623

Due after one year

 

Loans and borrowings

8

-

25,000


 

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

8

-

25,000

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary A shares of £1 each

50

50

50

50

Ordinary B shares of £1 each

50

50

50

50

 

200

200

200

200

8

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

-

25,000

 

Real Hair & Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

9

Related party transactions

Transactions with the director

2022

At 1 April 2021
£

Advances to directors
£

Repayments by directors
£

At 31 March 2022
£

9,294

(23,926)

6,294

(8,338)

         
       

 

2021

At 1 April 2020
£

Advances to directors
£

Repayments by director
£

At 31 March 2021
£

S L Wheldon

25,245

(20,938)

4,987

9,294

         
       

 

10

Non adjusting events after the financial period

After the balance sheet, the following dividends have been voted:

£7,800 on ordinary £1 shares.