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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
Page
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Envy Hair Stuido LA Limited Company Information for the year ended 31 October 2021
Director
L Arkley-Davies
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
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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
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Envy Hair Stuido LA Limited Statement of financial position as at 31 October 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,410 
- 
Current assets
Inventories
300 
300 
Debtors
12,798 
9,422 
Cash at bank and in hand
9,789 
11,386 
22,887 
21,108 
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)
Net assets
62 
170 
Capital and reserves
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
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Envy Hair Stuido LA Limited Notes to the Accounts for the year ended 31 October 2021
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Pension costs
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
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.
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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 
Additions
4,213 
969 
5,182 
At 31 October 2021
8,752 
969 
9,721 
Depreciation
At 1 November 2020
4,539 
- 
4,539 
Charge for the year
675 
97 
772 
At 31 October 2021
5,214 
97 
5,311 
Net book value
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 
- 
Trade creditors
2,000 
- 
Taxes and social security
9,150 
3,813 
Other creditors
1,333 
1,123 
Accruals
1,002 
1,002 
16,485 
5,938 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
10,750 
15,000 
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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