Company Registration Number:
RJ's Barbers Banbury Limited
for the Year Ended 31 December 2021
RJ's Barbers Banbury Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
RJ's Barbers Banbury Limited
Company Information
Directors |
Mr J Burford Mr R Burford |
Registered office |
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Accountants |
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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.
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Chartered Accountants
Banbury
Oxfordshire
OX16 9AA
RJ's Barbers Banbury Limited
(Registration number: 07103057)
Balance Sheet as at 31 December 2021
Note |
2021 |
2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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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:
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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
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Director
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Director
RJ's Barbers Banbury Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
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.
Employees and Directors |
The average number of persons employed by the company (including directors) during the year, was
RJ's Barbers Banbury Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 January 2021 |
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At 31 December 2021 |
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Amortisation |
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At 1 January 2021 |
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At 31 December 2021 |
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Carrying amount |
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At 31 December 2021 |
- |
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Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 January 2021 |
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At 31 December 2021 |
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Depreciation |
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At 1 January 2021 |
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Charge for the year |
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At 31 December 2021 |
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Carrying amount |
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At 31 December 2021 |
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At 31 December 2020 |
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Stocks |
2021 |
2020 |
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Other inventories |
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RJ's Barbers Banbury Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Debtors |
2021 |
2020 |
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Prepayments |
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Other debtors |
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- |
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Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
2020 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
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No. |
£ |
No. |
£ |
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100 |
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100 |