GRIZZLY'S BARBERING ACADEMY LTD |
Registered Number:13295379 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
GRIZZLY'S BARBERING ACADEMY LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
GRIZZLY'S BARBERING ACADEMY LTD
Statement of Financial Position
2022
2023
Property, plant and equipment |
2,600
3,992
2
2,600
3,992
Trade and other receivables |
1,111
7,473
3
4,506
Cash and cash equivalents |
6,501
13,974
5,617
Trade and other payables: amounts falling due within one |
year |
(33,309)
(39,186)
4
(27,692)
(25,212)
Net current liabilities
Total assets less current liabilities |
(22,612)
(23,700)
(111)
-
Provisions for liabilities |
(22,723)
Net liabilities
(23,700)
100
-
(22,823)
(23,700)
(22,723)
(23,700)
Shareholders' funds
For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Christopher Edward O'Sullivan Director |
These financial statements were approved and authorised for issue by the Board on 26 September 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
GRIZZLY'S BARBERING ACADEMY LTD
Notes to the Financial Statements
Statutory Information
GRIZZLY'S BARBERING ACADEMY LTD is a private limited company, limited by shares, domiciled in England and |
Wales, registration number 13295379. |
2-3 LAURA HOUSE
JENGERS MEAD
BILLINGSHURST
WEST SUSSEX
RH14 9NZ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard |
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'', including the disclosure and |
presentation requirements of Section 1A, and the Companies Act 2006. These financial statements have been |
prepared under the historical cost convention. |
Significant judgements and estimates
The financial statements have been prepared on a going concern basis based upon the continued support of the directors. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 March 2023
GRIZZLY'S BARBERING ACADEMY LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment |
5,385
549
4,836
4,836
549
5,385
Provision for depreciation and impairment |
1,393
183
1,210
Charge for year
1,392
183
1,209
2,785
366
2,419
2,417
183
2,600
3,626
366
3,992
3. Trade and other receivables |
2022
2023
-
1,111
7,473
-
1,111
7,473
4. Trade and other payables: amounts falling due within one year |
2022
2023
29,707
26,500
4,113
5,171
Taxation and social security |
2,763
1,637
2,603
1
39,186
33,309
5. Related party transactions |
During the year the company received loans of £3,207 (2022 - £26,500) from Grizzly's Male Hair Salon Limited. |
Loans of £29,707 are unpaid at the year end but the director is satisfied that these amounts will be settled in due |
course. The director is also a director and shareholder of Grizzly's Male Hair Salon Limited |
3 of 4
For the year ended 31 March 2023
GRIZZLY'S BARBERING ACADEMY LTD
Notes to the Financial Statements Continued
6. Guarantees and other financial commitments |
At 31 March 2023 the company had total commitments under operating leases of £87,000 (£98,750 in 2022)
7. Average number of persons employed |
During the year the average number of employees was 3 (2022 : 3)
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