Company Registration No. 11488134 (England and Wales)
Hair & Hounds Ltd
Unaudited accounts
for the year ended 31 March 2022
Hair & Hounds Ltd
Unaudited accounts
Contents
Hair & Hounds Ltd
Company Information
for the year ended 31 March 2022
Company Number
11488134 (England and Wales)
Registered Office
53 Blenheim Road
Littlestone
New Romney
Kent
TN28 8PR
United Kingdom
Accountants
Southern Accounting Limited
24 Halden Field
Rolvenden
Cranbrook
Kent
TN17 4BX
Hair & Hounds Ltd
Statement of financial position
as at 31 March 2022
Tangible assets
6,920
10,998
Cash at bank and in hand
242
1,579
Creditors: amounts falling due within one year
(3,283)
(3,593)
Net current liabilities
(3,041)
(2,014)
Total assets less current liabilities
3,879
8,984
Creditors: amounts falling due after more than one year
(11,340)
(14,196)
Provisions for liabilities
Deferred tax
(1,314)
(2,089)
Net liabilities
(8,775)
(7,301)
Called up share capital
1
1
Profit and loss account
(8,776)
(7,302)
Shareholders' funds
(8,775)
(7,301)
For the 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. 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 5 September 2022 and were signed on its behalf by
Sarah-Jayne Lamb
Director
Company Registration No. 11488134
Hair & Hounds Ltd
Notes to the Accounts
for the year ended 31 March 2022
Hair & Hounds Ltd is a private company, limited by shares, registered in England and Wales, registration number 11488134. The registered office is 53 Blenheim Road, Littlestone, New Romney, Kent, TN28 8PR, United Kingdom.
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.
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:
Plant & machinery
Straight Line Over 5 Years
Computer equipment
Reducing Balance Over 3 Years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Hair & Hounds Ltd
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2021
20,125
410
20,535
At 31 March 2022
20,125
410
20,535
At 1 April 2021
9,285
252
9,537
Charge for the year
4,025
53
4,078
At 31 March 2022
13,310
305
13,615
At 31 March 2022
6,815
105
6,920
At 31 March 2021
10,840
158
10,998
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
6,815
10,840
5
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
2,362
2,645
Taxes and social security
133
-
Loans from directors
411
644
6
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
1,850
4,026
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).