Registered number
06893658
Sculptors Hair Company Limited
Filleted Accounts
31 March 2022
Sculptors Hair Company Limited
Registered number: 06893658
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 4 155,668 156,416
Current assets
Stocks 5,000 5,000
Debtors 5 163 1,464
Cash at bank and in hand 63,286 80,864
68,449 87,328
Creditors: amounts falling due within one year 6 (98,008) (72,066)
Net current (liabilities)/assets (29,559) 15,262
Total assets less current liabilities 126,109 171,678
Creditors: amounts falling due after more than one year 7 (25,589) (102,424)
Net assets 100,520 69,254
Capital and reserves
Called up share capital 2 2
Profit and loss account 100,518 69,252
Shareholders' funds 100,520 69,254
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
………………………………
G Stanco
Director
Approved by the board on 13 September 2022
Sculptors Hair Company Limited
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 17 17
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2021 50,000
At 31 March 2022 50,000
Amortisation
At 1 April 2021 50,000
At 31 March 2022 50,000
Net book value
At 31 March 2022 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2021 153,422 41,077 194,499
At 31 March 2022 153,422 41,077 194,499
Depreciation
At 1 April 2021 - 38,083 38,083
Charge for the year - 748 748
At 31 March 2022 - 38,831 38,831
Net book value
At 31 March 2022 153,422 2,246 155,668
At 31 March 2021 153,422 2,994 156,416
5 Debtors 2022 2021
£ £
Customs and Excise - 680
Other debtors 163 784
163 1,464
6 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 14,078 24,311
Trade creditors 3,915 3,132
Directors Account 36,208 26,472
Taxation and social security costs 41,883 15,450
Other creditors 1,924 2,701
98,008 72,066
7 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 25,589 102,424
8 Other information
Sculptors Hair Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
1B Exchange Parade
Lake Street
Leighton Buzzard
Bedfordshire
LU7 1TR
Sculptors Hair Company Limited 06893658 false 2021-04-01 2022-03-31 2022-03-31 VT Final Accounts April 2022 G Stanco No description of principal activity 06893658 2020-04-01 2021-03-31 06893658 core:WithinOneYear 2021-03-31 06893658 core:AfterOneYear 2021-03-31 06893658 core:ShareCapital 2021-03-31 06893658 core:RetainedEarningsAccumulatedLosses 2021-03-31 06893658 2021-04-01 2022-03-31 06893658 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 06893658 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 06893658 bus:Director40 2021-04-01 2022-03-31 06893658 core:LandBuildings 2021-04-01 2022-03-31 06893658 core:PlantMachinery 2021-04-01 2022-03-31 06893658 countries:England 2021-04-01 2022-03-31 06893658 bus:FRS102 2021-04-01 2022-03-31 06893658 bus:FullAccounts 2021-04-01 2022-03-31 06893658 2022-03-31 06893658 core:WithinOneYear 2022-03-31 06893658 core:AfterOneYear 2022-03-31 06893658 core:ShareCapital 2022-03-31 06893658 core:RetainedEarningsAccumulatedLosses 2022-03-31 06893658 core:Goodwill 2022-03-31 06893658 core:LandBuildings 2022-03-31 06893658 core:PlantMachinery 2022-03-31 06893658 2021-03-31 06893658 core:Goodwill 2021-03-31 06893658 core:LandBuildings 2021-03-31 06893658 core:PlantMachinery 2021-03-31 iso4217:GBP xbrli:pure