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Company Registration Number: 07103057 (United Kingdom)

RJ's Barbers Banbury Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

 

RJ's Barbers Banbury Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

RJ's Barbers Banbury Limited

Company Information

Directors

Mr J Burford

Mr R Burford

Registered office

2B White Lion Walk
Banbury
Oxfordshire
OX16 5UD

Accountants

Henson ReesRussell
Chartered Accountants
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

 

Chartered Accountants' Report to the Board of Directors on the Unaudited Financial Statements of
RJ's Barbers Banbury Limited

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RJ's Barbers Banbury Limited for the year ended 31 December 2021 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of RJ's Barbers Banbury 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 RJ's Barbers Banbury Limited and state those matters that we have agreed to state to the Board of Directors of RJ's Barbers Banbury Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RJ's Barbers Banbury Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that RJ's Barbers Banbury 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 RJ's Barbers Banbury Limited. You consider that RJ's Barbers Banbury 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 RJ's Barbers Banbury 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.

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

Henson ReesRussell
Chartered Accountants
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

6 September 2022

 

RJ's Barbers Banbury Limited

(Registration number: 07103057)
Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

5

10,995

12,217

Current assets

 

Stocks

6

150

150

Debtors

7

8,164

298

Cash at bank and in hand

 

27,461

26,273

 

35,775

26,721

Creditors: Amounts falling due within one year

8

(27,670)

(28,708)

Net current assets/(liabilities)

 

8,105

(1,987)

Total assets less current liabilities

 

19,100

10,230

Provisions for liabilities

(2,089)

(2,322)

Net assets

 

17,011

7,908

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

16,911

7,808

Total equity

 

17,011

7,908

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

 

RJ's Barbers Banbury Limited

(Registration number: 07103057)
Balance Sheet as at 31 December 2021

Approved and authorised by the Board on 6 September 2022 and signed on its behalf by:
 

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

Mr J Burford
Director

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

Mr R Burford
Director

 

RJ's Barbers Banbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1

General information

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

The address of its registered office is:
2B White Lion Walk
Banbury
Oxfordshire
OX16 5UD

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.

Basis of preparation

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.
The financial statements have been prepared under the historical cost convention.

The acounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Deferred Tax

Deferred tax is recognised in respect of all timing differences that have originated, but not reversed at the balance sheet date. A provision is only made where material.

Depreciation

Depreciation of tangiable assets is provided at rates calculated to write of the cost less residual value of each asset over its expected useful life as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

10% reducing balance

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation of intangiable assets is provided at rates calculated to write of the cost less residual value of each asset over its expected useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line

 

RJ's Barbers Banbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

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.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

3

Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 2 (2020 - 2).

 

RJ's Barbers Banbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2021

5,000

5,000

At 31 December 2021

5,000

5,000

Amortisation

At 1 January 2021

5,000

5,000

At 31 December 2021

5,000

5,000

Carrying amount

At 31 December 2021

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2021

34,329

34,329

At 31 December 2021

34,329

34,329

Depreciation

At 1 January 2021

22,112

22,112

Charge for the year

1,222

1,222

At 31 December 2021

23,334

23,334

Carrying amount

At 31 December 2021

10,995

10,995

At 31 December 2020

12,217

12,217

6

Stocks

2021
£

2020
£

Other inventories

150

150

 

RJ's Barbers Banbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

7

Debtors

2021
£

2020
£

Prepayments

231

298

Other debtors

7,933

-

8,164

298

8

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Taxation and social security

 

57

54

Other creditors

 

27,613

28,654

 

27,670

28,708

9

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100