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Registered number: 07905935

Klass Hair and Beauty Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2022

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Klass Hair and Beauty Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
DIRECTORS
Mrs D Tankard
REGISTERED OFFICE
205 OUTGANG LANE
SHEFFIELD
SOUTH YORKSHIRE
S25 3QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07905935
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Klass Hair and Beauty Limited

ACCOUNTS
FOR THEYEARENDED31/03/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Klass Hair and Beauty Limited

BALANCE SHEET AT 31/03/2022
20222021
Notes££
FIXED ASSETS
Tangible assets39,5959,118
CURRENT ASSETS
Stock2,5002,500
Debtors52,3732,073
Cash at bank and in hand11,7718,205
16,64412,778
CREDITORS: Amounts falling due within one year64,5993,286
NET CURRENT ASSETS12,0459,492
TOTAL ASSETS LESS CURRENT LIABILITIES21,64018,610
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account21,54018,510
SHAREHOLDERS' FUNDS21,64018,610
For the year ending 31/03/2022 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18/08/2022 and signed on their behalf by
.............................
Mrs D Tankard
Director

Klass Hair and Beauty Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20222021
No.No.
Average number of employees11

Klass Hair and Beauty Limited

3. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andFixtures
PropertiesMachineryand FittingsTotal
££££
Cost
At 01/04/20216,3464,9975,15916,502
Additions-5005501,050
At 31/03/20226,3465,4975,70917,552
Depreciation
At 01/04/2021-3,4413,9437,384
For the year-308265573
At 31/03/2022-3,7494,2087,957
Net Book Amounts
At 31/03/20226,3461,7481,5019,595
At 31/03/20216,3461,5561,2169,118
4. STOCK 20222021
££
Stock comprises:
Stock2,5002,500
2,5002,500
5. DEBTORS 20222021
££
Amounts falling due within one year
Other debtors2,0012,001
Prepayments37272
2,3732,073
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax2,7102,288
PAYE control7663
Directors current account853935
Other creditors960-
4,5993,286

Klass Hair and Beauty Limited

7. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100