Company Registration No. 09821806 (England and Wales)
Envy Hair Stuido LA Limited
Unaudited accounts
for the year ended 31 October 2021
Envy Hair Stuido LA Limited
Unaudited accounts
Contents
Envy Hair Stuido LA Limited
Company Information
for the year ended 31 October 2021
Company Number
09821806 (England and Wales)
Registered Office
63 Main Road
Maesycwmmer
Hengoed
CF82 7PP
Wales
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
Envy Hair Stuido LA Limited
Accountants' report
Accountants' report to the director of Envy Hair Stuido LA Limited on the preparation of the unaudited statutory accounts for the year ended 31 October 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Envy Hair Stuido LA Limited for the year ended
31 October 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Envy Hair Stuido LA Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Envy Hair Stuido LA Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Envy Hair Stuido LA Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Envy Hair Stuido LA 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 Envy Hair Stuido LA Limited. You consider that Envy Hair Stuido LA 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 Envy Hair Stuido LA 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.
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
21 July 2022
Envy Hair Stuido LA Limited
Statement of financial position
as at 31 October 2021
Cash at bank and in hand
9,789
11,386
Creditors: amounts falling due within one year
(16,485)
(5,938)
Net current assets
6,402
15,170
Total assets less current liabilities
10,812
15,170
Creditors: amounts falling due after more than one year
(10,750)
(15,000)
Called up share capital
1
1
Profit and loss account
61
169
Shareholders' funds
62
170
For the year ending 31 October 2021 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 July 2022 and were signed on its behalf by
L Arkley-Davies
Director
Company Registration No. 09821806
Envy Hair Stuido LA Limited
Notes to the Accounts
for the year ended 31 October 2021
Envy Hair Stuido LA Limited is a private company, limited by shares, registered in England and Wales, registration number 09821806. The registered office is 63 Main Road, Maesycwmmer, Hengoed, CF82 7PP, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the provision of services is recognised by completion of the service.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Envy Hair Stuido LA Limited
Notes to the Accounts
for the year ended 31 October 2021
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2020
4,539
-
4,539
At 31 October 2021
8,752
969
9,721
At 1 November 2020
4,539
-
4,539
Charge for the year
675
97
772
At 31 October 2021
5,214
97
5,311
At 31 October 2021
3,538
872
4,410
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
12,798
9,422
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
3,000
-
Taxes and social security
9,150
3,813
Other creditors
1,333
1,123
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).